Marketplace
Accepting offers
Holiday Inn Erie
Erie, PennsylvaniaFull-service hotelAccepting indications of interest
- Price guidance
- $30.7M guidance
- Keys
- 150
- TTM revenue
- $9.0M
- NOI
- $2.5M
- Occupancy
- 74%
- ADR
- $157
- RevPAR
- $115
- Cap rate
- 8.2%
Public summary
150-key Holiday Inn hotel in Erie, PA. Upscale full-service asset with branded distribution and Erie, Pennsylvania demand drivers.
- Holiday Inn flag with national reservation distribution
- Upscale full-service operating model in the Erie market
- 150 keys with in-place cash flow and brand-standard condition
Seller
Hotel owner, developer, and operator headquartered in Iowa, with properties across Hilton, Marriott, IHG, Choice, and other brand families in markets nationwide.
- Company
- Hawkeye Hotels
- Headquarters
- Coralville, Iowa
- Deal room
- Seller approval required
- Process
- Offers accepted online
Asset and market overview
Location
Erie, Pennsylvania draws corporate, leisure, and event demand that supports the Holiday Inn flag.
Asset
Full-service hotel operating under the Holiday Inn brand, offered as an individual asset.
Upside
- Revenue management optimization
- Expense benchmarking against comp set
- Negotiated corporate account growth
Property facts
- Year built
- —
- Last renovated
- —
- Brand class
- Upscale full-service
- Brand family
- IHG
- Keys
- 150
- Address
- Erie, Pennsylvania — full address shared with approved buyers