Holiday Inn Express & Suites Salem
991 Russell Rd., Salem, VA 24153
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Franchise
IHG
Room Count
75
Year Built
2009
Lot Size
1.83 Acres
Key Highlights
Prime I-81 location with immediate access to one of the East Coast’s most heavily trafficked corridors
Subject property was recently renovated and is offered with minimal immediate PIP for a new investor
10-minute drive to Moyer Sports Complex, a recently renovated ($27M) regional tournament destination hosting 250,000 visitors annually across 230 days of the year
Minutes from Carilion Roanoke Memorial Hospital, the region’s largest healthcare provider and Level 1 Trauma Center
Major outdoor tourism demand; in close proximty to the Blue Ridge Parkway, Appalachian Trail, and Mill Mountain
Operational upside: Current absentee corporate ownership creates an immediate opportunity for a hands-on operator to drive NOI growth and capture efficiencies that are not being realized today
Contact an Agent

Chase Dewese
Senior Director Investments
Charlotte, NC
1001 Sixth Ave., Ste 100 Huntington, WV 25701
NC-293623 WVS-240303513 VA-0225276010
Marcus & Millichap Real Estate Investment Services, Inc., a California corporation
Brian Hosey
Virginia Broker of Record
Bethesda, MD
7200 Wisconsin Ave., Suite 1101 Bethesda, MD 20814
VA-0225247494 - MD-5005538
Marcus & Millichap Real Estate Investment Services of North Carolina, Inc., a California corporation











