Property Tour and Contact Detail Information: Property tour dates are Tuesday, May 16 & Wed, May 17. Contact Brandt Niehaus CHB, CCIM at (502) 254.7787 or email brandt@huffniehaus.com. Investment Highlights: * TTM March, 2017 room revenues of more than $1,910,000 * Excellent net operating income of more the $550,000 * Holiday Inn Express is already approved and can be obtained by any qualified existing hotel Owner * Excellent building structure with standard 12’ x 26’ rooms Investment Overview: The Hampton Inn by Hilton is located in Horse Cave, KY is conveniently located off Interstate 65. This Horse Cave hotel’s demand is driven by business and leisure travelers. A Holiday Inn Express franchise agreement has been signed with IHG that will go into effect as soon as all Formula Blue PIP renovations are completed. Horse Cave is located in Cave Country. Many caves are open to exploring. The most famous is Mammoth Cave, Kentucky’s only National Park. More than 52,800 acres includes opportunities to go spelunking, hiking, fishing, hunting, canoeing and camping. Each year more than 2,000,000 people visit the area with its world largest known cave system. Several State Parks are nearby also. Mammoth Onyx Cave and Kentucky Down Under Recreation (just one mile away) are convenient to the HIX. Besides the recreational appeal to the area, Hart County enjoys a prosperous commercial and manufacturing business. The employers include a variety of industries to help smooth the economic cycles: food processing, food packaging, automotive parts, geothermal and household goods. This has helped the population growth each of the last two decades by 17.2% and 4.3%. The adjacent Barren County grew 19.1% from 2000 to 2010 and 7% more by 2015. The 101 room hotel has standard size rooms from the originally built Hampton Inn which opened in 1998. The current owner has installed new room and hallway carpeting, 49” flat screen TVs, and all new mattresses and bedding. A Holiday Inn Express franchise agreement has been signed with IHG that will go into effect as soon as all Formula Blue PIP renovations are completed. The new modern exterior will be like none other in the Cave Country market attracting more customers for greater occupancies. The modernized rooms when completed will allow for higher rates, increasing room revenues from the current annual $1,911,057. The new owner will be able to enter into an IHG franchise agreement upon purchase and complete the PIP to become the Holiday Inn Express. This is an excellent opportunity to become a member of the IHG franchise group because approvals have already been made subject to a new owner’s previous hotel experience. Maybe you are a Choice or Wyndham franchisee wishing to be a part of the ever growing IHG franchise community. This is an excellent opportunity, already teed up for you to do that. This property will be auctioned on Monday, May 22 - Wednesday, May 24 . The price displayed is the starting bid amount of $1,500,000. For information and to register to bid on this property, please visit Ten-X.com.
