Holiday Inn Express - TN

Property Description: Revenue is Up $220,000 YTD September 2017 at this Holiday Inn Express. The hotel is only 9 years old, has 98 keys and 4 stories. Room revenue is projected to reach $2,350,000 in 2017 and have Net Operating Income over $728,000. This hotel is a market comp set leader with 136% market RevPAR penetration. There is upside opportunity to increase RevPAR by completing the Formula Blue PIP. Steady room night demand from the close by military base, corporate and manufacturing businesses, traffic from Route 51, and leisure demand from Memphis attractions. This steady performer is a great investment at 10.1% Cap Rate and offered only 3.1 times revenue.