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Holiday Inn Express & Suites Alice 2965 E Main St 70 Room Hotel Alice, TX 78332 $10,390,948 CAD ($148,442 CAD/Room) 8% Cap Rate
Investment Highlights
- Formula Blue 2.0 PIP Complete in 2024
- Strong OCC Performance W/ YTD OCC Growth
- Consistent Market Leadership
- Plus $110 ADR Market
- Dominant RevPar Growth
Executive Summary
Hotel Brokers of America is pleased to exclusively offer the 70-room Holiday Inn Express & Suites Alice, TX.
Highlights & Location:
·With consistent rankings of 1st or 2nd across various metrics, the Holiday Inn Express & Suites Alice is well-positioned in its market, capturing a larger share and maximizing revenue potential, indicating a strong outlook for continued success.
·The Holiday Inn Express & Suites Alice, TX, has shown remarkable performance across key metrics, particularly in occupancy, where the property recorded a rate of 68.5% for June 2024—a significant 14.4% increase from the previous year.
·Over the last three months, the ADR increased by 5.4% to $110.53, showcasing the property’s ability to command premium rates in the market. The ADR Index (ARI) for the property reached 117.1, further emphasizing its pricing power and market strength.
·The property’s RevPAR (Revenue Per Available Room) performance is equally strong, with June 2024 showing a RevPAR of $74.53, up 14.5% from the previous year, and significantly higher than the competitive sets of $42.50.
Highlights & Location:
·With consistent rankings of 1st or 2nd across various metrics, the Holiday Inn Express & Suites Alice is well-positioned in its market, capturing a larger share and maximizing revenue potential, indicating a strong outlook for continued success.
·The Holiday Inn Express & Suites Alice, TX, has shown remarkable performance across key metrics, particularly in occupancy, where the property recorded a rate of 68.5% for June 2024—a significant 14.4% increase from the previous year.
·Over the last three months, the ADR increased by 5.4% to $110.53, showcasing the property’s ability to command premium rates in the market. The ADR Index (ARI) for the property reached 117.1, further emphasizing its pricing power and market strength.
·The property’s RevPAR (Revenue Per Available Room) performance is equally strong, with June 2024 showing a RevPAR of $74.53, up 14.5% from the previous year, and significantly higher than the competitive sets of $42.50.
Property Facts
| Price | $10,390,948 CAD | Lot Size | 2.13 AC |
| Price Per Room | $148,442 CAD | Building Size | 46,682 SF |
| Sale Type | Investment | No. Rooms | 70 |
| Cap Rate | 8% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 2004/2024 |
| Property Subtype | Hotel | Parking Ratio | 6.19/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | H | ||
| Price | $10,390,948 CAD |
| Price Per Room | $148,442 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.13 AC |
| Building Size | 46,682 SF |
| No. Rooms | 70 |
| No. Stories | 3 |
| Year Built/Renovated | 2004/2024 |
| Parking Ratio | 6.19/1,000 SF |
| Corridor | Interior |
| Zoning | H |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 17 | $222.86 CAD | - |
| Guest Room | 53 | $196.88 CAD | - |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $3,051,188 CAD | |
| Land Assessment | $6,170 CAD | Total Assessment | $3,057,358 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$6,170 CAD
Improvements Assessment
$3,051,188 CAD
Total Assessment
$3,057,358 CAD
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Holiday Inn Express & Suites Alice | 2965 E Main St
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