Holiday Inn & Suites Marlborough in Marlborough, MA Listed For Sale

CBRE Capital Markets has been exclusively retained to sell the Holiday Inn & Suites Marlborough, a 173-room, value-add hotel, kitchen, dining area and conference center, just off Interstate 495, along Route-20 in Marlborough, MA.

We are offering this property for sale without an asking price and will be conducting tours with a call-for-offers to follow shortly thereafter.

FULL-SERVICE LODGING ALONG INTERSTATE 495/ROUTE-20 IN BOSTON’S METRO WEST
The Holiday Inn & Suites Marlborough presents the opportunity to acquire a 173-room, 97% occupied property along Interstate 495 and Route-20 in Boston’s Metro West market. The property offers amenities such as an indoor swimming pool, fitness center and courtyard area.

DYNAMIC OFFERING WITH ROBUST, IN-PLACE CASHFLOW
With the state-wide housing shortage, the Property has been exclusively renting to non-profit organizations, partnering with state-sponsored housing programs, and benefiting from a stable in-place cashflow which has grown significantly over pre-COVID levels. The property is currently achieving a $121 contracted ADR, yielding a $117 RevPAR. In 2023, hotels throughout the Boston Metro finished the year with a RevPAR gain of 10.6% over 2022, a result of an increase in occupancy of 6.9% and a 3.4% gain in ADR.

ENORMOUS UPSIDE & VALUE-ADD POTENTIAL
In addition to strong organic cashflow (comp set ADR of $163), the Holiday Inn & Suites Marlborough offers enormous ADR upside with a new owner enhancing guest rooms as well as common area amenities. The hotel boasts 7,000 square feet of underutilized meeting space as well as a full kitchen, dining area and outdoor courtyard available to be repurposed.

For inquiries visit here.