Holiday Inn Express & Suites Alice, TX
Hospitality | 7.84% CAP | 69 Keys
Marketing description
With consistent rankings of 1st or 2nd across various metrics, the Holiday Inn Express & Suites Alice is well-positioned in its market, capturing a larger share and maximizing revenue potential, indicating a strong outlook for continued success.
The Holiday Inn Express & Suites Alice, TX, has shown remarkable performance across key metrics, particularly in occupancy, where the property recorded a rate of 68.5% for June 2024—a significant 14.4% increase from the previous year.
Over the last three months, the ADR increased by 5.4% to $110.53, showcasing the property’s ability to command premium rates in the market. The ADR Index (ARI) for the property reached 117.1, further emphasizing its pricing power and market strength.
The property’s RevPAR (Revenue Per Available Room) performance is equally strong, with June 2024 showing a RevPAR of $74.53, up 14.5% from the previous year, and significantly higher than the competitive sets of $42.50.
Nitigna Naik
Texas Broker of Record:
P: 661-978-3289
E: Deals@HBofAmerica.com
TX DRE #9014354
Investment highlights
Offered at $7,600,000
Formula Blue 2.0 PIP Complete in 2024
( $2M Renovation- Invoices Available on request)
Plus $110 ADR Market
Strong OCC Performance W/ YTD OCC Growth
Dominant RevPar Growth
Consistent Market Leadership
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