The full service Holiday Inn is an interior corridor 7 story hotel. The property was under complete renovation from 2020 to 2023. The hotel opened in February 2023 and based on recnt reports, it is outperformimg budget with revenues ecpected to reach 10 million in its first year of operation. The opening of the new Universal theme park will contribute to the continued ascension of revenues .
The asset features the new H4 program from IHG. Featuring 223 first class guestrooms, the Holiday Inn is ideally suited for business or leisure guests. Each guestroom offers the latest in room amenities with hgh speed interned, flat screen TVs, a work desk and sitting area.
The hotel offers guestrooms, free parking, a large outdoor swimming pool, a business center and a fitness center. In addition, the hotel offers a large, fully equipped banquet room of 5000 square feet and boardrooms. Equally important, the Holiday Inn features an onsite restaurant.
Investment Summary
The Asset:
The Holiday Inn benefits from its frontage location on International drive and its proximity to Orlando Convention Center. Its also situated across from the iconic Icon Park, major restaurants and shopping malls. it's immediate proximity to the Convention Center allows it to realize strong financial performance.
This asset will be a great addition to one‘s portfolio given the national brand recognition and the potential business opportunity in the immediate market.
Management and Debt
The hotel is offered unencumbered of any management and debt
Franchise License with IHG
The franchise license is considered an exceptionally valuable asset of the property. It provides a high level of traveler allegiance and recognition, an excellent computerized reservation system, and a strong guest reward program.
Property Improvement Plan (PIP)
the hotel will be delivered free and clear of any PIP requirements by the franchise.
Exellent Location
Within walking distance to the convention center
International Drive frontage
Across street from the Wheel at ICON Park
Minutes to Sea World
Minutes to Universal Studios
Minutes to Disney world
Outlet Malls and shopping malls are within 5 minute drive from the hotel
The Holiday Inn Convention Center is located on International drive, with close proximity to the Orange county convention center. The hotel has the distinct advantage of being located immediately in the heart of the business and leisure districts. Sea World and Universal theme parks are within minutes from the hotel, while major shopping and outlet malls are also within a few minutes from the property.
Orlando International Airport is only 20 minutes from the hotel, while Downtown Orlando is a few miles north of the property.
