Holiday Inn Express Philadelphia Penns Landing

JLL's Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 184-room Holiday Inn Express Philadelphia – Penn's Landing (the "Hotel" or "Property"). Positioned directly on the Delaware River waterfront at Penn's Landing and steps from Independence National Historical Park, the Hotel occupies one of the most historically significant and heavily trafficked square miles in the country. This offering represents a rare opportunity to acquire a turnkey, recently renovated select-service asset at an attractive basis in one of Philadelphia's fastest-growing submarkets, with the Hotel still in the early stages of ramping back to full stabilization.

The Hotel recently completed a comprehensive renovation program that, as is typical of large-scale capital projects, generated meaningful operational disruption and suppressed performance during the construction period. With the $19,000 per key renovation now complete as of September 2025, the Hotel has posted a sustained recovery: trailing-twelve-month RevPAR grew 16.6% through June 2026 on a 930-basis-point occupancy gain, narrowing its occupancy index to 86.7% against a competitive set that posted RevPAR of $125.28 over the same period. Notably, the Hotel's RevPAR index of 74.9% remains well below its occupancy index, indicating the recovery to date has been driven almost entirely by occupancy rather than rate, and that a clear runway for ADR growth remains. 2026 has been a defining year for Philadelphia, with the city hosting six FIFA World Cup matches, the MLB All-Star Game, and the PGA Championship, driving a sustained rebound in leisure transient demand that has lifted the CBD submarket's RevPAR by 7.2% year-over-year through August 2026. With the Hotel still ramping in a pocket of the city seeing some of its strongest growth, new ownership is positioned to acquire a turnkey asset at an attractive basis and execute a straightforward, rate-driven business plan in one of the country's most irreplaceable hotel locations.