Holiday Inn Express Cedar Rapids

The Holiday Inn Express presents an exciting opportunity to own one of the most renowned and esteemed brands in the hospitality industry. The hotel recently underwent a comprehensive Formula Blue renovation, securing its position with a new 10-year franchise agreement. A new owner should anticipate a light soft goods PIP as part of the change-of-ownership requirements.

Due to repairs in the T12, the pool and elevator were temporarily out of service, impacting revenue. Fortunately, both facilities have since been restored and are now operational, with revenue trending towards $2.5 million in gross revenue (GRR) in 2025.

The Cedar Rapids market features a diverse range of demand drivers, including manufacturing, food processing, agriculture, biotechnology, and medical technology. With the Holiday Inn Express brand being highly sought after, this acquisition represents a reliable and promising investment opportunity in the hospitality sector.