IntelliStay Lima Equity LLC: CLOSED
TARGETED INVESTOR IRR:
TARGETED AVG. ANNUAL CASH YIELD:
IntelliStay Lima Equity LLC (“IntelliStay Lima”) is offering accredited investors the opportunity to purchase up to 95.0% of its membership interests in a recently constructed, 4-story, 116 key Holiday Inn & Suites located in Lima, OH (the “Property”). IntelliStay Hospitality believes an investment in IntelliStay Lima represents an attractive opportunity for current cash flow distributions and overall risk-adjusted investment returns.
The Property is a stabilized, well-maintained and well-located Holiday Inn & Suites with consistent historical operating performance. It is located in the northwest corner of Ohio, approximately 95 miles northwest of Columbus, Ohio, and 65 miles southeast of Fort Wayne, Indiana. Lima is a metropolitan area of over 100,000 people with a diverse industry base including healthcare, food manufacturing/distribution, advanced manufacturing, and military. The Property is located directly off Interstate 75 and receives business from a wide range of demand generators from transient and leisure channels to corporations.