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Hotel-Motel

La Quinta Inns & Suites Indianapolis Airport Lynhurst

5316 W Southern Ave, Indianapolis, IN 46241

Listing Price: $7,000,000

Cap Rate
6.45%
Number of Rooms
121
RevPAR
$36
Gross SF
1
Price/Room
$57,851
Price/Gross SF
$7,000,000.00
Year Built
1980

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the recently renovated 121-room La Quinta Inns & Suites located in Indianapolis, Indiana. The hotel is a two-story property built in 1980 located between I-70 and I-465. La Quinta Inns & Suites Indianapolis Airport Lynhurst provides the opportunity for a new owner to acquire a renovated Wyndham hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Wyndham name, reservation system, and loyal base of guests.

Investment Highlights

  • Recent Full Renovation and Brand Refresh
  • Property is Located Just off I-70 and I-465
  • Minutes from Indianapolis International Airport
  • Proximate to Major Demand Generators: FedEx World Hub, Indianapolis Motor Speedway, Rolls Royce, Downtown Indianapolis, and More

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

La Quinta Inns & Suites Indianapolis Airport Lynhurst

Listing Price: $7,000,000

Cap Rate
6.45%
Number of Rooms
121
RevPAR
$36
Gross SF
1
Price/Room
$57,851
Price/Gross SF
$7,000,000.00
Year Built
1980

Investment Highlights

  • Recent Full Renovation and Brand Refresh
  • Property is Located Just off I-70 and I-465
  • Minutes from Indianapolis International Airport
  • Proximate to Major Demand Generators: FedEx World Hub, Indianapolis Motor Speedway, Rolls Royce, Downtown Indianapolis, and More

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the recently renovated 121-room La Quinta Inns & Suites located in Indianapolis, Indiana. The hotel is a two-story property built in 1980 located between I-70 and I-465. La Quinta Inns & Suites Indianapolis Airport Lynhurst provides the opportunity for a new owner to acquire a renovated Wyndham hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Wyndham 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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