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This Hospitality Property is no longer advertised on LoopNet.co.uk.

1717 Airport Exchange Blvd
Erlanger, KY 41018

Holiday Inn Cincinnati Airport · Hospitality Property For Sale · 1,132,632 SF

Investment Highlights

  • The Holiday Inn Cincinnati Airport is a group-oriented hotel with over $3M in capital expenditures.
  • 1717 Airport Exchange presents an excellent opportunity to capture business from airline crews.
  • The running 28 days ended June 24th 2023 recorded Market RevPAR of nearly $109! The Holiday Inn yielded a $76 RevPAR for a 70% index.
  • Recent hotel renovations allow the buyer to drive the RevPAR index from 62% to over 90%.
  • IHG Hotels & Resorts and the seller are negotiating a revised PIP with a phased room renovation option, facilitating an initial lower room count.
  • The property generated occupancy for this period of 81.5% at a $93 ADR. The Market was 80% at $136.

PROPERTY FACTS

Sale Conditions Auction Sale
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 8.41 AC
Building Size 1,132,632 SF
Number of Floors 6
Year Built/Renovated 1990/2014
Tenancy Single
Parking Ratio 0.39/1,000 SF
Corridor Interior

Amenities

  • Business Centre
  • Fitness Centre
  • Pool
  • Restaurant
  • Room Service
  • Shuttle Service
  • On-Site Bar
  • Meeting Event Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
070.00-01-012.00
Land Assessment
£1,595,700
Improvements Assessment
£8,169,984
Total Assessment
£9,765,684

zoning

Zoning Code CM
CM
  • Listing ID: 28666578

  • Date on Market: 05/06/2023

  • Last Updated:

  • Address: 1717 Airport Exchange Blvd, Erlanger, KY 41018

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