Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 70-room Holiday Inn Express & Suites located in Marion, North Carolina. The hotel is a four-story property opened in December 2019 and located just off Interstate 40. In 2023, the owner took over day-to-day operations from the in-place management company and re-tooled the revenue management strategy with a, “think outside of the local market”, approach and at the same time began a targeted advertising campaign to ensure that he was able to target the right clientele enabling the hotel to increase RevPAR. Holiday Inn Express & Suites Marion provides the opportunity for a new owner to acquire a high-performing, select-service IHG hotel with potential to realize significant RevPAR growth through hands-on management, continued strategic marketing and utilization of the IHG name, reservation system, and loyal base of guests.