1230 COLLINS RD NE Cedar Rapids IA 52402-2008

TOURS AVAILABLE | Please RSVP to Christopher Kilcullen at chris.kilcullen@avisonyoung.com or call 720.508.8108

For registration requirements and regulations, please review here or contact Audrey Hanna | 518-625-8581| [email protected].

Introducing the Holiday Inn Express Cedar Rapids, a prime hotel investment opportunity in the heart of Cedar Rapids, Iowa. Boasting 83 guest rooms and additional parking lease, this property presents a lucrative chance for investors seeking a solid return in an established market. Offered in fee simple, this hotel comes free of management and debt encumbrances, providing a hassle-free investment option for discerning buyers. The Holiday Inn Express Cedar Rapids is situated in a strategic location, surrounded by a vibrant community and offering 83 rooms for accommodating guests. Managed by Avison Young, this exclusive property showcases a blend of comfort and convenience, making it a sought-after destination for travelers in Cedar Rapids. With a proven track record of success and potential for further growth, this hotel is an enticing prospect for investors looking to capitalize on the thriving hospitality industry in Iowa. Whether you're a seasoned investor or venturing into hotel ownership for the first time, the Holiday Inn Express Cedar Rapids is an opportunity not to be missed!

· Non-Contingent

· Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price

· Marketing Fee: 2% of the Winning Bid Amount, $20,000 minimum

· $10,000 Participation Deposit

· Close of Escrow – 45 Days

1230 Collins Rd NE Cedar Rapids, IA 52402

• 83 Non-smoking Guestrooms

• Three-story, Interior Corridor

• Industry Leading Brand

• Stable, strong marketplace

• New 15 Year HIE Term with PIP with Three years on remaining term

• City Express by Marriott is a second option