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Hotel-Motel

Auction - Country Inn & Suites Portage

1630 Olmstead Dr, Portage, IN 46368

Starting Bid: $3,000,000

Number of Rooms
100
RevPAR
$83
Gross SF
129,373
Price/Room
$30,000
RRM
3.83
Price/Gross SF
$23.19
Year Built
2006
Auction Type
Reserve
Auction Start Date
Jul 29, 2024
Auction End Date
Jul 31, 2024

Investment Overview

Register to Bid and Access Due Diligence Documents on Ten-X - https://www.ten-x.com/listing/1630-olmsted-dr-portage-in-46368/31916999/

Marcus & Millichap has been exclusively retained to offer for sale the fee
simple interest in the 100-room Country Inn & Suites located in Portage, Indiana,
a suburb of Chicago in the Indiana-Illinois border. The hotel is a four-story
property built in 2006 and located directly off Interstate 94, providing ease of
access for commerce and tourism. Country Inn & Suites Portage provides the
opportunity for a new owner to acquire a full-service hotel with the potential to
realize significant RevPAR growth through hands-on management.

Investment Highlights

  • STARTING BID $3,000,000 | 100 Rooms | $3.05M Room Revenue | AUCTION JULY 29-31, 2024
  • Property is Located Just off I-94
  • Positive Trending RevPAR
  • Proximate to Coca-Cola Distribution, Hosley International Distribution, Indiana University Northwest, Indiana Dunes National Park, Portage Lakefront & Riverwalk, U.S. Steel Corporation Plant, 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 - Country Inn & Suites Portage

Starting Bid: $3,000,000

Number of Rooms
100
RevPAR
$83
Gross SF
129,373
Price/Room
$30,000
RRM
3.83
Price/Gross SF
$23.19
Year Built
2006
Auction Type
Reserve
Auction Start Date
Jul 29, 2024
Auction End Date
Jul 31, 2024

Investment Highlights

  • STARTING BID $3,000,000 | 100 Rooms | $3.05M Room Revenue | AUCTION JULY 29-31, 2024
  • Property is Located Just off I-94
  • Positive Trending RevPAR
  • Proximate to Coca-Cola Distribution, Hosley International Distribution, Indiana University Northwest, Indiana Dunes National Park, Portage Lakefront & Riverwalk, U.S. Steel Corporation Plant, and More

Investment Overview

Register to Bid and Access Due Diligence Documents on Ten-X - https://www.ten-x.com/listing/1630-olmsted-dr-portage-in-46368/31916999/ Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 100-room Country Inn & Suites located in Portage, Indiana, a suburb of Chicago in the Indiana-Illinois border. The hotel is a four-story property built in 2006 and located directly off Interstate 94, providing ease of access for commerce and tourism. Country Inn & Suites Portage provides the opportunity for a new owner to acquire a full-service hotel with the potential to realize significant RevPAR growth through hands-on management.

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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