Value-Add Holiday Inn Express & Retail Portfolio In Pasadena For Sale - Business for Sale
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Holiday Inn Express Hotel and Retail Center in Pasadena, CA
Pasadena, CA, US
Added 21 days ago
Hospitality and Retail Property Investment
The business consists of a 93-room Holiday Inn Express & Suites hotel and an adjoining multi-tenant retail center located in Pasadena, California, both offered as a fee simple investment in the hospitality and retail property sector.
Key Information
Asking
$22.0M
Revenue
$4.4M
Earnings
$4.4M
Multiple
5.0x
Key Highlights
- 93-room Holiday Inn Express & Suites with adjoining multi-tenant retail center included in sale
- T-12 retail NOI: $324,392; combined T-12 NOI: $1,325,015
- Blended cap rate: approximately 6.5%
- Projected Year 3 stabilized NOI: $1,561,663 after renovation and market recovery
- Hotel is offered unencumbered by management and operates under the IHG brand
Contact Info
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