Skip to main content

Hotel-Motel

La Quinta Inns & Suites Indianapolis Airport Executive Dr

2650 Executive Dr, Indianapolis, IN 46241

Listing Price: $8,000,000

Cap Rate
5.40%
Number of Rooms
97
RevPAR
$41
Gross SF
1
Price/Room
$82,474
Price/Gross SF
$8,000,000.00
Year Built
1986

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 97-room La Quinta Inns & Suites located in Indianapolis, Indiana. The hotel is a three-story property built in 1986 located between I-70 and I-465. La Quinta Inns & Suites Indianapolis Airport Executive Drive provides the opportunity for a new owner to acquire a recently 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 Completed in 2022
  • 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 Executive Dr

Listing Price: $8,000,000

Cap Rate
5.40%
Number of Rooms
97
RevPAR
$41
Gross SF
1
Price/Room
$82,474
Price/Gross SF
$8,000,000.00
Year Built
1986

Investment Highlights

  • Recent Full Renovation and Brand Refresh Completed in 2022
  • 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 97-room La Quinta Inns & Suites located in Indianapolis, Indiana. The hotel is a three-story property built in 1986 located between I-70 and I-465. La Quinta Inns & Suites Indianapolis Airport Executive Drive provides the opportunity for a new owner to acquire a recently 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

MM Texture Background
MM Textured Background Lower