HOLIDAY INN MELBOURNE-VIERA CONFERENCE CENTER

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 128-room Holiday Inn located in Melbourne, Florida. The hotel is a five-story concrete property built in 1991 located directly off Interstate 95, providing ease of access for commerce and tourism. Holiday Inn Melbourne Viera Conference Center provides the opportunity for a new owner to acquire a stable, full-service hotel with profitable food and beverage and potential to realize significant RevPAR growth through hands-on management expanding the convention center contribution and utilization of the IHG name, reservation system, and loyal base of guests.

INVESTMENT HIGHLIGHTS

• High-Growth Florida Coastal Market
• 2023 ADR is Higher than 2022 Year-Over-Year
• Property Taxes Not Expected to Increase at Point of Sale Reassessment
• Below-Market Occupancy and ADR, Indicating Post-PIP Upside
• Competitive Set RevPAR Increased in 2023, Compared to 2022
• January 2024 Room Revenue Nearly Exactly On Par with January 2023
• Proximate to USSSA Space Coast Sports Complex, Brevard Zoo, Melbourne-Orlando International Airport, Patrick Space Force, and More