HOLIDAY INN EXPRESS & SUITES JACKSONVILLE SE MEDICAL CENTER

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 104-room Holiday Inn Express & Suites Jacksonville Southeast Medical Center Area located in Jacksonville, Florida. The hotel is a five-story steel and concrete property built in 2003.
The property provides a new owner the opportunity to acquire core IHG branded hotel with the benefit of two of the strongest reservation systems within a vibrant, high growth section of a Top 25 MSA in Florida. A new owner will also have the potential to realize significant RevPAR growth through taking advantage of anticipated expansion of local business drivers, renewed operational scrutiny and oversight and taking advantage overall market growth at a time when impact from new hotel construction is expected to be minimal.

INVESTMENT HIGHLIGHTS

• Hotel Within Three Miles of Mayo Clinic in Florida, Which is Undergoing a $432M Renovation/Expansion
• Change-of-Ownership PIP Ordered
• Strong Positive T-12 and T-3 RevPAR Trend
• December 2022 RevPAR is +/- $15 Higher Than December 2021
• Proximate to Major Demand Generators: Mayo Clinic in Florida, Downtown Jacksonville, Ponte Vedra Beach, Jacksonville Beach, TPC Sawgrass, Johnson & Johnson Vision and More