PROPERTY OVERVIEW

Excellent Location Near Key Demand Generators

The Holiday Inn Express Vero Beach West I-95 offers a prime location off I-95 within close proximity to numerous demand drivers. The hotel is adjacent to the Vero Beach Outlets, which boasts over 50 stores and 340,000 square feet of retail space. The hotel is also 11 minutes from the Indian River Mall, a major retail destination with over 80 stores and 737,000 square feet of space. Business and transportation hubs nearby include New Hibiscus Airpark (3 minutes), home to Float On Corporation and FPL Indian River Service Center, and Vero Beach Regional Airport (16 minutes), which handled 43,000 enplanements in 2023. Additionally, the airport is home to Piper Aircraft, a renowned manufacturer of general aviation aircraft with a 435,000 square feet facility. Additionally, the CVS Distribution Center (6 minutes) is a major logistics hub processing 175 million products annually. For sports and training, the Jackie Robinson Training Complex (15 minutes) is a premier multi-sport destination that hosts the Minor League Baseball Umpire Training Academy and features Holman Stadium with a 6,500-seat capacity. Healthcare demand is supported by Cleveland Clinic Indian River Hospital (20 minutes), a 332-bed facility providing comprehensive medical care. Vero Beach, named one of America’s Best Beach Towns in 2023, is home to renowned beaches like Humiston Beach Park, South Beach Park, and Jaycee Park, all within 30 minutes from the hotel.

Offered Below Replacement Cost in High Growth Market

The Holiday Inn Express Vero Beach West I-95 is being offered at a discount to replacement cost in a growing market. Vero Beach is expected to grow by 24% over the next 10 years, driven by major developments like the Three Corners project—a 38-acre waterfront mixed-use development. This site, the most valuable public waterfront property on Florida’s East Coast, adds further appeal to the already high-growth market. The offering presents an opportunity to buy into an exponentially growing market at an attractive basis. 

Institutional IHG Brand Asset

Holiday Inn Express, part of the IHG portfolio, is an award-winning global brand, with more than 1,200 hotels and an ever-expanding pipeline of properties around the world. Holiday Inn was ranked the most trusted brand in US travel and hospitality, according to the latest survey by global data intelligence and market research group morning consult. Premium branded assets have distinct competitive advantages compared to the rest of the market due to their large rewards and reservation systems as well as name recognition. All IHG properties are backed by the IHG One Rewards program which boasts over 100 million members across 19 brands and more than 6,000 destinations worldwide.