291 Jones Rd - Hospitality FOR SALE
Falmouth, MA 02540 |
291 Jones Rd
Falmouth, MA 02540
HIGHLIGHTS
- Fee-simple interest in the lender-involved, 103-room Holiday Inn Cape Cod Falmouth, MA.
- Property offered for sale in the May 11th auction event with Ten-X.
- Opportune time for investors to capitalize on the unprecedented strength in the drive-to leisure segment.
- Property offered at a heavy discount to replacement cost in the very high barrier to entry coastal Cape-Cod market.
- Available unencumbered of debt and management with ability to retain the Holiday Inn flag via a long-term relicense through IHG Hotels & Resorts.
- Operational upside for regional investors in completing PIP, reactivate the food and beverage and leveraging regional operating economies of scale.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
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BUILDING DETAILS
PROPERTY NAME
Iris Hotel Cape Cod
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
63286
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1971
PARKING SPACES
159
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
RC
APN/PARCEL ID
FALM-000038-000010-000020
