REO Sale: Holiday Inn & Suites | I-75 Highway Visibility

$1,600,000 Starting Bid

Auctioneer: Thomas Seaman

Auctioneer Company: Auctioneer

Auctioneer License: 2007000016

Brokered by CBRE and powered by RealINSIGHT Marketplace, the Holiday Inn & Suites Lima is a 116-room, full-service hotel offered as an REO sale unencumbered by brand and management. New ownership may retain the IHG flag, operate independently, or convert to an alternative select- or limited-service brand. The hotel generates $2.3M of in-place rooms revenue and includes an on-site restaurant and meeting space. Year-to-date revenue is up 31%, and RevPAR has risen from 77% to 89% year-over-year, all with limited capital investment and no major PIP. The Property still under-penetrates its competitive set, leaving a clear path for a buyer-led PIP and dynamic revenue management to drive RevPAR growth. The Hotel occupies a prime site at the I-75 and SR 309 interchange, Lima's main commercial corridor, with direct exposure to healthcare, industrial, logistics, and leisure demand. The broader Lima market is strengthening, with RevPAR up 14% year to date through August 2026 on a 7.9% occupancy gain.

Unencumbered by Brand and Management

Buyer may keep the IHG flag, run it independently, or convert to a select or limited-service brand.

RevPAR Up From 77% to 89% Since 2024

YTD revenue is up 31%; a buyer-led PIP and active revenue management can capture more share.

Prime I-75 Interchange Location at Exit 125

At I-75 and SR 309, Lima's main commercial interchange, serving corporate, government and leisure.

Lima Market RevPAR Up 14% YTD Through Aug

Market momentum through August 2026 is supported by a 8% year-to-date gain in lodging occupancy.

116 Full-Service Keys, $2.3M Rooms Revenue

On-site restaurant and meeting space support full-service operation or select-service repositioning.