This Hospitality Property is no longer advertised on LoopNet.com.

1717 Airport Exchange Blvd
Erlanger, KY 41018
 Holiday Inn Cincinnati Airport · Hospitality Property For Sale · 1,132,632 SF

Hotels Kentucky Erlanger 1717 Airport Exchange Blvd, Erlanger, KY 41018

INVESTMENT HIGHLIGHTS

  • The Holiday Inn Cincinnati Airport is a group-oriented hotel with over $3M in capital expenditures.
  • 1717 Airport Exchange presents an excellent opportunity to capture business from airline crews.
  • The running 28 days ended June 24th 2023 recorded Market RevPAR of nearly $109! The Holiday Inn yielded a $76 RevPAR for a 70% index.
  • Recent hotel renovations allow the buyer to drive the RevPAR index from 62% to over 90%.
  • IHG Hotels & Resorts and the seller are negotiating a revised PIP with a phased room renovation option, facilitating an initial lower room count.
  • The property generated occupancy for this period of 81.5% at a $93 ADR. The Market was 80% at $136.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 8.41 AC
Building Size 1,132,632 SF
No. Stories 6
Year Built/Renovated 1990/2014
Tenancy Single
Parking Ratio 0.39/1,000 SF
Corridor Interior
Zoning CM

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • Room Service
  • Shuttle Service
  • On-Site Bar
  • Meeting Event Space

PROPERTY TAXES

Parcel Number 070.00-01-012.00 Improvements Assessment $10,240,000
Land Assessment $2,000,000 Total Assessment $12,240,000
Print
 

  • Listing ID: 28666578

  • Date on Market: 6/5/2023

  • Last Updated:

  • Address: 1717 Airport Exchange Blvd, Erlanger, KY 41018

The Hospitality Property at 1717 Airport Exchange Blvd, Erlanger, KY 41018 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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