Holiday Inn Express


Price:
$8,600,000

[Currently Under Contract]

Address :
222 Hunters Ln
Lewisburg, WV 24901


  •  Strong Performance in Revenue and Profitability.
  •  Premium Franchise Affiliation.
  •  Solid, Growing Market Area.
  •  Well-Built Facility in Excellent Condition; Torchbearer Award in 2016.
  •  Select Service Operating Model.
  •  Holiday Inn Express is expected to grant a standard license agreement upon the completion of a Product Improvement Plan (PIP).
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  •  Lewisburg is the county seat for Greenbrier County, West Virginia
  •  Situated at the intersection of Interstate 64 and US 219. US 219 and US 60 intersect in Downtown Lewisburg
  •  Within four hours of metropolitan areas, such as Washington, DC, Charlotte, NC, and Pittsburgh, PA
  •  Close to Regional Demand Generators, Including...
    •  1.3 Miles to New River Community & Technical College
    •  3.3 Miles to the State Fair of West Virginia
    •  3.8 Miles to Greenbrier Valley Medical Center
    •  7.6 Miles to Greenbrier State Forest
    •  9.6 Miles to The Greenbrier Resort & Spa
  •  69 Rooms
  •  Breakfast Area (Seats 32)
  •  Meeting Space (Seats 40)
  •  Business Center
  •  Guest Laundry
  •  Exercise Room
  •  Indoor, Heated Pool
  •  3 Stories
  •  Interior Corridors
  •  Wood Frame Structure
  •  Stucco & Stone Facade
  •  Flat-Built Up Rubber Roof
  •  Asphalt Parking Lot
  •  Built 2008
Financials
2015
2016
T-12Mos10/17*
Occupancy
72.52%
80.08%
79.797%
Average Daily Rate
$116.11
$118.66
$123.73
Room Revenue
$2,120,542
$2,399,576
$2,493,272
Net Operating Income
$963,858
$1,088,861
$1,140,259
*Net operating income does not include any deductions for management fees or replacement reserves. *Net operating income does not reflect one-time capital expenses (which are outlined on page 4).
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!