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Hotel-Motel

Auction - La Quinta Inn & Suites | 60 Rooms | $1.02M Room Revenue

330 Northpointe Blvd, Elkhart, IN 46514

Listing Price: $1,000,000

Number of Rooms
60
RevPAR
$46
Gross SF
74,444
Price/Room
$16,667
Price/Gross SF
$13.43
Year Built
1996

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2009/

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 60-room La Quinta Inn & Suites located in Elkhart, Indiana (the “Property”), a suburb of South Bend on the Indiana-Michigan border. The hotel is a three-story property built in 1996 located directly off Interstate 90, providing ease of access for commerce and tourism. The Property provides the opportunity for a new owner to acquire a select-service 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.

La Quinta Inn and Suites is conveniently located just off Interstate 90 and benefits from traffic counts of 22,885 vehicles per day. The Property is a 5-minute drive to Elkhart Municipal Airport and near various dining options such as Cracker Barrel, Olive Garden, Culver’s, Buffalo Wild Wings, Texas Roadhouse, and more.

Elkhart is a suburb of South Bend and is located just 17 miles east on Interstate 90. Elkhart is home to a variety of demand generators for commercial, leisure, and education. Some of these include: Heartland RV, Elkhart General Hospital, South Bend International Airport, University of Notre Dame, Thor Motor Coach, Wellfield Botanic Gardens, RV/MH Hall of Fame & Museum, Dometic Corporation HQ, and more.

Property tours are available by appointment only. Please contact the broker to schedule.

Investment Highlights

  • STARTING BID $1,000,000 | 60 Rooms | $1.02M Room Revenue | AUCTION JUNE 24-26, 2024
  • Prime Location Just Off I-90 Ensuring High Visibility and Accessibility for Travelers
  • 60-Room Hotel Offers Modern Amenities including Business Center, Complimentary Breakfast, Indoor Pool, Fitness Center, and More
  • Historically High NOI
  • Nearby Demand Generators include RV Hall of Fame & Museum, Wellfield Botanic Gardens, Elkhart General Hospital, University of Notre Dame, South Bend International Airport, 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

Financing By

Hotel-Motel

Auction - La Quinta Inn & Suites | 60 Rooms | $1.02M Room Revenue

Listing Price: $1,000,000

Number of Rooms
60
RevPAR
$46
Gross SF
74,444
Price/Room
$16,667
Price/Gross SF
$13.43
Year Built
1996

Investment Highlights

  • STARTING BID $1,000,000 | 60 Rooms | $1.02M Room Revenue | AUCTION JUNE 24-26, 2024
  • Prime Location Just Off I-90 Ensuring High Visibility and Accessibility for Travelers
  • 60-Room Hotel Offers Modern Amenities including Business Center, Complimentary Breakfast, Indoor Pool, Fitness Center, and More
  • Historically High NOI
  • Nearby Demand Generators include RV Hall of Fame & Museum, Wellfield Botanic Gardens, Elkhart General Hospital, University of Notre Dame, South Bend International Airport, and More

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2009/ Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 60-room La Quinta Inn & Suites located in Elkhart, Indiana (the “Property”), a suburb of South Bend on the Indiana-Michigan border. The hotel is a three-story property built in 1996 located directly off Interstate 90, providing ease of access for commerce and tourism. The Property provides the opportunity for a new owner to acquire a select-service 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. La Quinta Inn and Suites is conveniently located just off Interstate 90 and benefits from traffic counts of 22,885 vehicles per day. The Property is a 5-minute drive to Elkhart Municipal Airport and near various dining options such as Cracker Barrel, Olive Garden, Culver’s, Buffalo Wild Wings, Texas Roadhouse, and more. Elkhart is a suburb of South Bend and is located just 17 miles east on Interstate 90. Elkhart is home to a variety of demand generators for commercial, leisure, and education. Some of these include: Heartland RV, Elkhart General Hospital, South Bend International Airport, University of Notre Dame, Thor Motor Coach, Wellfield Botanic Gardens, RV/MH Hall of Fame & Museum, Dometic Corporation HQ, and more. Property tours are available by appointment only. Please contact the broker to schedule.

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

Financing By

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