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Hotel For Sale • 1,132,632 SF
| The Holiday Inn Cincinnati Airport is a group-oriented hotel with over $3M in capital expenditures. |
| Recent hotel renovations allow the buyer to drive the RevPAR index from 62% to over 90%. |
| 1717 Airport Exchange presents an excellent opportunity to capture business from airline crews. |
| IHG Hotels & Resorts and the seller are negotiating a revised PIP with a phased room renovation option, facilitating an initial lower room count. |
| The running 28 days ended June 24th 2023 recorded Market RevPAR of nearly $109! The Holiday Inn yielded a $76 RevPAR for a 70% index. |
| The property generated occupancy for this period of 81.5% at a $93 ADR. The Market was 80% at $136. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Cincinnati/Northern Kentucky International | 13 min | - | 3.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 441 |
| Type: | Surface |
| Included in Rent: | Yes |
