Lender-Owned | Holiday Inn & Suites | I-75 Highway Visibility

Highlights:

• 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.

Description:

For more information visit:
https://rimarketplace.com/auction/3439/hospitality/lima/oh?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=november18_2026&utm_content=hospitality_3439

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.

Location
The Holiday Inn & Suites Lima sits at the main commercial interchange along I-75, the primary north-south artery through northwest Ohio, offering strong visibility and easy access. The Lima/Allen County economy is anchored by major healthcare, industrial and retail employers, and the local lodging market posted a 14.3% RevPAR increase year-to-date through August 2026.


Bidding Opens
Nov 17 1:00 AM
Bidding Closes
Nov 19 1:00 AM

Documents: