Holiday Inn


Price:
  $6,500,000   
$5,850,000

Address :
561 N Dupont Hwy
Dover, DE 19901


  •  Hotel is located in the Mid-Atlantic Region
  •  Priced significantly below replacement cost
  •  Strong mid-market brand affiliation
  •  Diverse demand generators in a state capitol market
  •  Opportunity for growth in revenues and profitability
  •  The hotel is being offered subject to the existing franchise license agreement. IHG is expected to grant a standard license agreement upon the completion of a Product Improvement Plan (PIP).
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  •  Dover, Delaware’s capital, is home to 37,7896 (US Census).
  •  Close to Regional Demand Generators, Including...
    •  0.9 Miles to Delaware State University
    •  1.1 Miles to Dover International Speedway & Dover Downs
    •  1.7 Miles to Wesley College
    •  2.2 Miles to First State Heritage Park, home to Delaware’s state government offices
    •  5.3 Miles to Dover Air Force Base
    •  15 Miles to DE Turf Sports Complex
    •  20 Miles to Delaware State Fairgrounds
  •  135 Rooms
  •  Restaurant (54 Seats)
  •  Lounge (10 Seats)
  •  Meeting Space (2 Rooms can accommodate up to 150 People each.)
  •  Business Center
  •  Guest Laundry
  •  Fitness Center
  •  Seasonal Outdoor Pool
  •  Wireless Internet
  •  4 Stories
  •  Interior Corridors
  •  Concrete and Masonry Structure
  •  Stucco and Brick Facade, Flat Roof
  •  Asphalt Parking Lot
Financials
2014
2015
2016
2017
T-12Mos 4/18
Occupancy
36.86%
31.66%
32.48%
35.64%
34.58%
Average Daily Rate
$99.41
$108.67
$108.53
$106.88
$112.61
Room Revenue
$1,805,695
$1,744,530
$1,745,403
$1,877,007
$1,911,186
Total Revenue
N/A
$1,837,157
$1,849,935
$2,057,573
$2,069,866
Net Operating Income
N/A
$599,936
$460,007
$386,629
$387,175
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!