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).
    View Map    View Aerial
  •  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
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2014
2015
2016
2017
T-12Mos 10/18
Occupancy
36.86%
31.66%
32.48%
35.64%
43.23%
Average Daily Rate
$99.41
$108.67
$108.53
$106.88
$101.08
Room Revenue
$1,805,695
$1,744,530
$1,745,403
$1,877,007
$2,153,135
Total Revenue
N/A
$1,837,157
$1,849,935
$2,057,573
$2,297,136
Net Operating Income
N/A
$599,936
$460,007
$386,629
$456,272
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!