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102 Holiday Ln
Salem, IL 62881
Holiday Inn Express & Suites Salem · Hospitality Property For Sale · 45,000 SF

INVESTMENT HIGHLIGHTS

  • Formula Blue Construction, 86 Rooms, 3 Stories, built in 2016 – available below Replacement Cost!
  • Strong performance with 2021 T12 room revenue over $2.1M, NOI of $775K
  • 69.0% Occupancy at $97.39 ADR for T12 through October
  • Excellent location off of Interstate 57 with nearby Restaurants and Retail; Interstate 70 to the North and Interstate 64 to the South

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 3.00 AC
Building Size 45,000 SF
No. Stories 3
Year Built 2016
Corridor Interior
Zoning GC - General Commercial

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • Meeting Event Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1100022503
Land Assessment
$51,790
Improvements Assessment
$1,850,310
Total Assessment
$1,902,100
  • Listing ID: 24620101

  • Date on Market: 12/7/2021

  • Last Updated:

  • Address: 102 Holiday Ln, Salem, IL 62881

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