Holiday Inn Express Suites - PA

Property Description: Formula Blue Mostly Complete at this 11 year old Holiday Inn Express & Suites in Pennsylvania. Guest rooms are renovated with all new FF&E including case goods, mattresses, light fixtures and wall coverings. Final renovations needed include expanding the fitness center and updating breakfast area and lobby area. This Holiday Inn Express has a strong location off Interstate 80 in central PA. It is convenient to multiple universities and industries. It is outperforming the comp set with 103% RevPAR penetration. Revenue per key is $20,126. Offered at 9.8% cap rate, 18.5% cash on cash return and 3.66 revenue multiplier.