Holiday Inn Express Fairfax – 79 Rooms
Holiday Inn Express Fairfax – 79 Rooms

Value Added Acquisitions

Rationale

  • Disciplined Acquisition
  • Margin Improvement
  • Cost-Effective (Re-) Development
  • Brand Relationship
  • Acquired a 80-room Wellesley Inn for $80,000 per key.
  • 13 month, multi-million renovation yielded IHG “Renovation of the Year” award for 2007
  • After Baywood assumed management and completed renovations, RevPAR increased from $42(YE 2004) to $87(YE 2007), an increase of 107%.
  • Total revenue increased by 97% from YE 2004 to YE 2007 following renovations
  • Market value of Hotel has increased over 50% since acquisition and renovation
Back to top
Loading