24058 Sussex Hwy Seaford, DE 19973-5872

This 81-key, four-story hotel in Seaford, Delaware, presents a compelling investment opportunity. Situated on a 1.46-acre lot, this former Holiday Inn Express offers significant potential for repositioning. Built in 1998, the property features an interior corridor design and is currently non-operational, requiring renovation. A significant incident involving a burst pipe has resulted in the interior being gutted, cleaned, and dried, providing a blank canvas for redevelopment. The property's location, approximately 30 miles from Rehoboth Beach, offers strong potential for attracting guests. Pro forma projections, based on a competitive set analysis of similar hotels in the area (including Quality Inn & Suites Georgetown-Seaford, Hampton Inn Seaford, Comfort Suites Seaford, and Holiday Inn Express & Suites Salisbury Delmar), indicate a potential stabilized revenue exceeding $2,500,000 and a stabilized net operating income (NOI) exceeding $850,000. The competitive set's 2022 RevPAR was $86.32. Potential conversion opportunities exist with various hotel brands, including Holiday Inn Express, Best Western, La Quinta, and Wingate; however, prospective buyers must independently verify franchise availability. The property is offered fee simple and is located off Route 13. This is a unique opportunity to acquire a substantial hospitality asset in a desirable location with significant upside potential. The property is currently unpriced, and ownership will review all offers based on price and terms.