For Sale
$6,500,000

2902 Dupont RdFort Wayne, IN 46825

76-Room Best Western, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 76-key Best Western hotel presents a lucrative investment opportunity in Fort Wayne, Indiana. Built in 2000, this three-story, interior corridor property boasts 44,407 square feet on a 68,922 square foot lot (APN: 020806200010000072). Conveniently located off Interstate 69, the hotel benefits from high visibility and easy access to major roadways. The property features an indoor pool, fitness center, and breakfast area, catering to a wide range of guests. Recent capital expenditures totaling $1,200,000 have been completed by the seller to convert the hotel to a Best Western brand, minimizing anticipated future improvements for the buyer. The hotel's strong financial performance is evident in its 2023 room revenue of $1,467,628 and trailing twelve-month (TTM) room revenue (September 2024) of $1,417,260. Situated in Allen County, Fort Wayne is Indiana's second-largest city, with a population of 267,927, offering a robust and growing market for hospitality businesses. The property's strategic location near Glenbrook Square, the largest shopping destination in Northeast Indiana, further enhances its appeal to both business and leisure travelers. This well-maintained hotel is poised for continued success and represents a compelling investment prospect in a thriving market. The asking price is $6,500,000.

Highlights

  • 76-unit, three-story, interior corridor Best Western hotel in Fort Wayne, Indiana.
  • $1,200,000 in recent capital expenditures completed by the seller.
  • Minimal property improvement plan (PIP) expected for the buyer.
  • 2023 room revenue: $1,467,628; trailing twelve-month (TTM) room revenue (September 2024): $1,417,260.
  • Located in Indiana's second-largest city (population 267,927), near Glenbrook Square mall.

Property Details for 2902 Dupont Rd

Property type
Hospitality properties, Motels
Square Feet
44,407 SF
Year Built
2000
Stories
3

Location Insight

City
Fort Wayne
County
Allen
State
Indiana
Latitude
41.177775542052
Longitude
-85.105196902896
2902 Dupont Rd, Fort Wayne, Indiana

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2902 Dupont Rd
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