Holiday Inn & Suites Cincinnati Eastgate, OH

Listing Agents

Subu Thiagarajan
T | 510.205.7931

Brent Clemens
T | 312.402.2959

Detailed Information
Property Highlights
  • Fee simple interest in the receiver controlled and managed 212-room, Holiday Inn Eastgate Cincinnati
  • Receiver sale via the February 2nd, 2022 auction event with Ten-X
  • Asset offered at substantial discount to replacement cost and potential discount to the existing debt balance
  • Strong operational upside for prospective new owner/operator with the property under receiver control since September 2020
  • Ability to retain the IHG Holiday Inn flag for a new long-term license upon completion of the PIP
  • Readily accessible via the intersection of the Interstate 275 and State Highway 32 with more than 65,000 vehicles daily
  • Directly visible from State Highway 32 – the primary commercial corridor for the Eastgate submarket
  • Readily accessible to all core regional Cincinnati demand – including University of Cincinnati, Kroger Headquarters, Proctor & Gamble Headquarters, Cincinnati/Northern Kentucky International Airport, and downtown Cincinnati
  • Greater Cincinnati is ideally well positioned to grow with the post COVID recovery with the economy the largest in the state of Ohio and the fifth largest in the Midwest prior to the onset of COVID
  • Greater Cincinnati / Northern Kentucky hosted more than 26.6M visitors annually with a spending power of more than $5.4B pre-COVID