August 23, 2017 – MBA Hotel Brokers, Inc. announces the sale of the Holiday Inn Express in Quincy, Florida. Suresh Patel, Associate Broker with MBA Hotel Brokers, represented the Seller, Kiwi’s Hospitality Inc. The hotel was purchased for an undisclosed amount.
The Holiday Inn Express Quincy is located about 22 miles outside of Tallahassee, off Interstate 10. The 56 key hotel was built in 2006 and has won multiple awards. In 2016, it was awarded IHG’s highest honor, the Torchbearer Award. Also in 2016, the Holiday Inn Express Quincy was a winner of the TripAdvisor Certificate of Excellence.
In 2015, the hotel started an IHG revenue management program which had a significant positive impact on monthly revenue. Room revenue was up $203,000 in 2015 due to these measures and a growing local economy.
The sale of the Holiday Inn Express Quincy is the fourth hotel sale arranged by Suresh Patel so far in 2017 and makes over $24 million in hotel sales volume for the company year to date. MBA Hotel Brokers Inc. has been advising on hotel transactions for over 20 years with a corporate office in Maryland and additional branch locations around the country. MBA Hotel Brokers Inc. has closed hundreds of hotel sales, in 26 states throughout the USA. For more information, contact Charlie Fritsch, President, at Charlie@mbahotels.com, or Suresh Patel, Associate Broker at firstname.lastname@example.org. On the web at www.mbahotels.com.