MH Hospitality Acquires Newly-Constructed Holiday Inn Express in Huntsville for $13.9M

Hilco Real Estate | March 31, 2022

NORTHBROOK, IL - March 31, 2022 - Hilco Real Estate, LLC announces the successful sale of this newly constructed, 56,963 SF, four-story, 98-Room Holiday Inn Express Hotel on behalf of Wealth Hospitality Group. Sitting on 2.68 AC, this hotel sold to MH Hospitality for $13,950,000, totaling $142,346 per key room. This listing was marketed for a period of 30 days, bringing in prospective buyers who wanted to move quickly on this brand-new asset. The hotel includes two elevators, a 1,200 SF meeting space, outdoor pool and fitness center. Huntsville, Alabama has become the largest city in the state with a population of approximately 215...