Thursday May 12, 2016
Type: 65 Room Holiday Inn Express & 125 Room Ramada Inn
Location: Batesville, AR
Seller: JB Hotel Group LLC
Broker: Ted Holmes, Bruce Holmes
Specifics: Originally denied as a Holiday Inn Express re-license, HB1 worked with the Seller's and IHG to get the property approved for a new license with the Formula Blue and a transfer PIP. Concurrently, HB1 was able to successfully garner hundreds of requests for information and a dozen offers in order to successfully package the property with the adjacent Ramada Inn as a package sale.