For Sale
$10,828,000
5400 Weston Rd Evansville, IN 47712
110-key hotel, 9.05% cap rate, strong ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- Net Operating Income (NOI): Approximately $1,000,000.
- Strong Brand Recognition: Fairfield Inn by Marriott, a reputable brand attracting consistent clientele.
- Turnkey Operation: Fully renovated in 2022, exceeding $3M in trailing 12-month room revenue.
- High Demand Location: Convenient Highway 62 access, near major retailers (Lowe's, Home Depot, Walmart), and 5 minutes from the University of Southern Indiana.
- Long-Term Franchise Agreement: Marriott license extends to 2037.
- Limited Local Competition: Only one other hotel within a 5-mile radius of the university.
Property Details for 5400 Weston Rd
- Property type
- Hospitality properties, Hotels
- Year Built/Renovated
- 1995/2022
Location Insight
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Latitude
- 37.976414145344
- Longitude
- -87.640907729903
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - 110-key hotel, 9.05% cap rate, strong ROI
- Where is the hospitality property located?
- The property is located at 5400 Weston Rd Evansville, IN.
- What is the asking price?
- The asking price for this property is $10,828,000.
- What are key features of this property?
- This property features: Net Operating Income (NOI): Approximately $1,000,000.; Strong Brand Recognition: Fairfield Inn by Marriott, a reputable brand attracting consistent clientele.; Turnkey Operation: Fully renovated in 2022, exceeding $3M in trailing 12-month room revenue.
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