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Hotel-Motel

Best Western Plus French Lick

613 Arnold F Habig Blvd, French Lick, IN 47432

Listing Price: $8,000,000

Cap Rate
8.50%
Number of Rooms
68
RevPAR
$80
Gross SF
199,069
Price/Room
$117,647
Price/Gross SF
$40.19
Year Built
2015

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 68-room Best Western Plus located in French Lick, Indiana. The hotel is a three-story property built in 2015. Best Western Plus French Lick provides the opportunity for a new owner to acquire a recently built Best Western Plus hotel with potential to realize continued RevPAR growth through hands-on management and utilization of the Best Western name, reservation system, and loyal base of guests.

Investment Highlights

  • Interior Corridor Built in 2015
  • Best Western Brand Affiliation is Expected to be Eligible for Auto Transfer
  • Hotel has Demonstrated Stability Through COVID-19
  • Historically High Net Operating Income

Exclusively Listed By

  • Scott J. Havericak

    First Vice President Investments

    (954) 245-3527

    Email Scott

    License(s): FL: SL3281416

    Fort Lauderdale

  • Robert S. Hunter

    Senior Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Hotel-Motel

Best Western Plus French Lick

Listing Price: $8,000,000

Cap Rate
8.50%
Number of Rooms
68
RevPAR
$80
Gross SF
199,069
Price/Room
$117,647
Price/Gross SF
$40.19
Year Built
2015

Investment Highlights

  • Interior Corridor Built in 2015
  • Best Western Brand Affiliation is Expected to be Eligible for Auto Transfer
  • Hotel has Demonstrated Stability Through COVID-19
  • Historically High Net Operating Income

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 68-room Best Western Plus located in French Lick, Indiana. The hotel is a three-story property built in 2015. Best Western Plus French Lick provides the opportunity for a new owner to acquire a recently built Best Western Plus hotel with potential to realize continued RevPAR growth through hands-on management and utilization of the Best Western name, reservation system, and loyal base of guests.

Exclusively Listed By

  • Scott J. Havericak

    First Vice President Investments

    (954) 245-3527

    Email Scott

    License(s): FL: SL3281416

    Fort Lauderdale

  • Robert S. Hunter

    Senior Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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