OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the Holiday Inn Express & Suites Jacksonville East, an IHG Hotel, located in Jacksonville, Florida. The 101-room interior corridor hotel is located just off Interstate 295 and Atlantic Boulevard, and ideally positioned in a highly visible, strategic location between vibrant Downtown Jacksonville and the scenic Beaches. The hotel is perfectly poised for exceptional growth and long-term success.
MARKET OVERVIEW:
The Holiday Inn Express & Suites Jacksonville East was built in 2007 and remains in excellent condition due to the recent Formula Blue PIP renovation completed in 2020 and an ongoing capital improvement plan. It is estimated that the change of ownership PIP would be approximately $100,000+/-; however, that is only an estimate and would need to be verified by IHG Hotels via an issued change of ownership PIP.
LOCATION OVERVIEW:
The Holiday Inn Express Jacksonville East benefits from its location within the Jacksonville Metropolitan Statistical Area (MSA), which had a population of approximately 1.76 million in 2024. The metro area has experienced consistent growth, with a 1.13% increase from 2023 to 2024. This growth underscores the region’s expanding economic base and increasing demand for hospitality services. In 2024, Jacksonville welcomed over 8 million visitors, contributing an estimated $7.4 billion to the local economy. Nearly 5 million hotel room nights were sold, generating $31.5 million in bed tax revenue. This influx of visitors supports a vibrant hospitality sector, with 56,900 jobs and nearly $2.8 billion in wages attributed to tourism-related activities. The hotel’s strategic location offers convenient access to several major demand generators such as Jacksonville International Airport (JAX), which handled over 7.3 million passengers in the 2023 fiscal year, marking a 14.4% increase from the previous year. Also in close proximity is Downtown Jacksonville, a hub for business, culture, and entertainment, including home to Fortune 500 companies like CSX Corporation and Fidelity National Financial. The Jacksonville famously offers access to several nearby beaches and outdoor recreation areas - Jacksonville’s coastline and parks attract visitors year-round. Finally, Naval Air Station Jacksonville and other military facilities contribute to consistent travel demand.
Property Highlights:
~Holiday Inn Express Jacksonville East, an IHG Hotel
~101-Rooms | 4 Stories | Interior Corridor
~Year Built - 2007
~Located in a High Growth Market
~Upward Trend in Revenue
~Amenities Include: Outdoor Pool, Fitness Center, Dining Area
Location Highlights:
~1.5 Miles to Craig Municipal Airport
~4.7 Miles to University of North Florida
~5.0 Miles to UNF Arena
~6.3 Miles to Jacksonville University
~8.2 Miles to Atlantic Beach
~8.6 Miles to Downtown Jacksonville
~9.3 Miles to The Mayo Clinic
~9.8 Miles to Jacksonville Port Authority
~10.3 Miles to Jacksonville Beach Pier
~10.5 Miles to Naval Station Mayport
~12.4 Miles to Jacksonville Zoo & Gardens
~17.3 Miles to Jacksonville International Airport
~19.0 Miles to Jacksonville Naval Air Station
Financial Highlights:
~T-12 March 2025 NOI - $960,998 NOI
~T-12 March 2025 ADR/RevPAR/OCC: $107.42 ADR / $85.94 RevPAR / 80.00% OCC
~T-12 March 2025 Room Revenue: $3,160,767 Room Revenue