1717 Airport Exchange Blvd | Erlanger, KY 41018
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1717 Airport Exchange Blvd
Erlanger, KY 41018
Holiday Inn Cincinnati Airport · Hospitality Property For Sale · 1,132,632 SF
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 Conditions | Auction Sale | No. Stories | 6 |
| Property Type | Hospitality | Year Built/Renovated | 1990/2014 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 0.39/1,000 SF |
| Lot Size | 8.41 AC | Corridor | Interior |
| Building Size | 1,132,632 SF |
| Sale Conditions | Auction Sale |
| 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 |
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 | $14,705,664 |
| Land Assessment | $2,872,200 | Total Assessment | $17,577,864 |
PROPERTY TAXES
Parcel Number
070.00-01-012.00
Land Assessment
$2,872,200
Improvements Assessment
$14,705,664
Total Assessment
$17,577,864
zoning
| Zoning Code | CM |
| CM |
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