Renovated Holiday Inn Express
For Sale
Contact for pricing
2233 Burton Ln, Martinsville, IN 46151
Three-story, 66-room Holiday Inn Express & Suites with fully renovated guest rooms and common areas.
Property SizeContact for details
Lot Size1.82 Acres
Days on Market121
Property Features for 2233 Burton Ln
General Information
Standard status
Active
Lot size
1.82 Acres
Property subtype
Hospitality
Site & Location
Traffic Count
28,618 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
lobby
breakfast area
market
meeting rooms
Building Details
Year Built
2005
Year Renovated
2022
Stories
3
Tenancy
Single
Listing Agency:
Colliers - Richmond, Virginia
(804) 441-7722
Listed By:
Prashant Merchant · License #VA 0225226862
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 7:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Richmond, Virginia
Investment Insights
Based on property information with market context.
Holiday Inn Express & Suites Martinsville-Bloomington Area, an IHG Hotel, is a three-story, interior-corridor property with 66 rooms, built in 2005. The hotel is offered with fee simple ownership and rooms in rentable condition. Following a change-in-ownership property-improvement-plan completed from 2020 through 2022, the property received renovations aligned with IHG’s Formula Blue 2.0 design scheme, including renovated common areas, guest rooms, and exteriors and interiors.
The hotel is located immediately off Interstate-69 / Route 37 and Route 39. Indiana University Bloomington is approximately 19.4 miles from the property. Ownership reports ongoing improvements including a renovated exterior paint scheme and new lighting package, a redesigned lobby and front desk, re-designed breakfast area and market, renovated meeting rooms and corridors, and a full guest room renovation with updated furniture, carpets, beds, mattresses, linens, lighting, artwork, televisions, and window treatments, as well as renovated guest room bathrooms.
The offering includes recently completed capital expenditures over the prior three years, and the property is expected to support a long-term Holiday Inn Express & Suites franchise with minimal-to-no change-in-ownership PIP requirements.
The hotel is located immediately off Interstate-69 / Route 37 and Route 39. Indiana University Bloomington is approximately 19.4 miles from the property. Ownership reports ongoing improvements including a renovated exterior paint scheme and new lighting package, a redesigned lobby and front desk, re-designed breakfast area and market, renovated meeting rooms and corridors, and a full guest room renovation with updated furniture, carpets, beds, mattresses, linens, lighting, artwork, televisions, and window treatments, as well as renovated guest room bathrooms.
The offering includes recently completed capital expenditures over the prior three years, and the property is expected to support a long-term Holiday Inn Express & Suites franchise with minimal-to-no change-in-ownership PIP requirements.
Key Highlights
- Holiday Inn Express & Suites Martinsville‑Bloomington Area (IHG), 2233 Burton Lane, Martinsville, IN 46151
- Three‑story, 66‑room interior‑corridor hotel built in 2005, set on a 1.82‑acre parcel (fee simple, unencumbered by management/debt)
- Fully renovated under IHG Formula Blue 2.0 PIP (completed by current ownership from 2020–2022) with rentable rooms
Property Analytics
Current Use
Lease Details
28,618 VPD
Traffic count
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 46151, IN
32,335
Population
13,366
Households
2.4
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
203.6 sq mi
ZIP Area
159
Density / Sq Mi
$77,724
Median Household Income
$45,426
Median Earnings
$978
Median Rent
$219,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Three-story, 66-room Holiday Inn Express & Suites with fully renovated guest rooms and common areas.
Where is this hotel located?
The property is located at 2233 Burton Ln Martinsville, IN.
What are key features of this property?
This property features: Holiday Inn Express & Suites Martinsville‑Bloomington Area (IHG), 2233 Burton Lane, Martinsville, IN 46151; Three‑story, 66‑room interior‑corridor hotel built in 2005, set on a 1.82‑acre parcel (fee simple, unencumbered by management/debt); Fully renovated under IHG Formula Blue 2.0 PIP (completed by current ownership from 2020–2022) with rentable rooms
