Holiday Inn Express - Florence

Property Description
Off Market
Located: Florence, Arizona
Offering Price: $5,250,000.00
Net Operating Income: $0.00
Financing: S.B.A. #504 AVAILABLE
Room Revenue: $1,710,238.00
Renovated: On Going
Number of Units: 90
Land Area: 2.44 +/-
Built: 2008


Summary

Swoboda Hospitality Specialists, as sole and exclusive agent for Pinal Hotel AZ-1 L.L.C. (the “Seller Is pleased to offer qualified investors the opportunity to acquire the fee-simple interest in the 90-room Holiday Inn Express (the “Property” or “Hotel”) in Florence, Arizona. Florence is located 60 miles southeast of Phoenix and 70 miles northeast of Tucson. The Holiday Inn Express is the only branded property in Florence, and it is nearly 30 miles from its closest competitor. The Hotel opened in 2008 Is in excellent condition, and has one of the strongest brand affiliations in its competitive set. The town of Florence relies heavily on the government sector, primarily the corrections department, as there are nine prisons in the area.. This offering represents an excellent opportunity for a hands-on owner/loperator employ a more hands-on approach.

This offering represents an excellent opportunity for a hands-on owner/operator to acquire a relatively new hotel with a strong brand affiliation at an attractive price per room that is well below replacement cost. There is strong upside available to a new owner/operator who willemploy a more hands-on approach.

Highlights

  • 90 guest rooms
  • 3 story, interior corridor
  • +/- 2.44 acres
  • 101 surface spaces
  • Tenure: Fee simple
  • Meeting Space: 3,038 square feet, including a
  • 2,646-square foot ballroom

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  • Licensed in:
  • Arizona - LC554451000
  • California - 01522610
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