|Type d'actif||Hotels & Hospitality,Hospitality|
JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 120-room Holiday Inn Battle Creek (the “Hotel” or “Property”). Nestled within the Harper Village Shopping Center, which is well-positioned at the intersection of I-94 and I-194, the Property is surrounded by an abundance of shopping, dining and entertainment options. The Hotel is offered unencumbered by management, providing new ownership with maximum flexibility and exceptional upside through a renovated product and the implementation of aggressive revenue management tactics.
Online Auction to be held on July 25-27th on Ten-X platform.
Broker of Record | Colby Mueck | License #: TX-0500827
- The Holiday Inn is well located in southwest Houston at the junction of Interstate 69 and the Sam Houston Tollway, providing excellent access to Downtown Houston (15 miles), The Galleria (9 miles), and Sugar Land Town Square (6 miles).
- Exceptional value-add opportunity with a comprehensive PIP allowing new management to drive rates and elevate market share by competing for room nights as a newly renovated hotel. The property’s average RevPAR penetration index between 2016 and 2021 was 70%, indicating substantial upside opportunity.
- The Holiday Inn is offered unencumbered of management, providing investors with the flexibility to implement their own management strategies to drive revenue and increase profitability. Additionally, this investment opportunity should be attractive to regional and national management companies looking to expand their portfolio in Texas.
- A new investor will have a remarkable opportunity to acquire the property at a significant discount to replacement cost. Given the ability to acquire the property at an extremely attractive basis, a new owner will increase their overall return and profitability upon repositioning the hotel.