12426 Houck Ave | Clear Spring, MD 21722
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12426 Houck Ave
Clear Spring, MD 21722
Holiday Inn Express & Suites Clear Spring · Hospitality Property For Sale
·
41,174 SF
INVESTMENT HIGHLIGHTS
- Fee Simple Interest in the 79-Unit, Interior-Corridor, Limited Service Hotel
- Expected to Trade with Long-Term Relicense with IHG Upon Completion of Modest Change-in-Ownership PIP
- ADR Penetration Index of 90.8% | Upside for Owner-Operator who can Enact Aggressive Sales & Rate Management Strategy
- Renovated in 2017/2018 as Part of a Conversion to Holiday Inn Express & Suites from Sleep Inn
- Conveniently located off of I-70 (40,552 VPD) and Route 40 (3,751 VPD)
- Change-of-Ownership PIP May Allow Buyer to Increase RevPAR Penetration to 100% or Greater
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2009/2017 |
| Building Class | B | Parking Ratio | 1.85/1,000 SF |
| Lot Size | 2.32 AC | Corridor | Interior |
| Building Size | 41,174 SF | ||
| Zoning | HI | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.32 AC |
| Building Size | 41,174 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2009/2017 |
| Parking Ratio | 1.85/1,000 SF |
| Corridor | Interior |
| Zoning | HI |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 04-003527 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,182,733 |
PROPERTY TAXES
Parcel Number
04-003527
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,182,733
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