Hotel-Motel
Hyatt Place Munster
9420 Calumet Ave, Munster, IN 46321
Listing Price: $20,400,000
Investment Overview
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 102-room Hyatt Place located in Munster, Indiana, a suburb of Chicago on the Indiana-Illinois border. The hotel is a four-story property that is anticipated to open late 2023. Hyatt Place Munster provides the opportunity for a new owner to acquire a newly-built select-service hotel in a strong RevPAR market outside the Chicago Metropolitan Area.
Hyatt Place Munster
Investment Highlights
- Brand New Hotel
- Change-of-Ownership PIP is Not Anticipated
- Strong RevPAR Market
- Competitive Set June 2023 T-12 RevPAR Increased Year-Over-Year
- Proximate to PepsiCo Distribution Center, Franciscan Health Munster, Centennial Park, Hammond Sportsplex, Purdue University Northwest, Ford Motor Co Chicago Stamping Plant, and More
Listing Price: $20,400,000
Investment Highlights
- Brand New Hotel
- Change-of-Ownership PIP is Not Anticipated
- Strong RevPAR Market
- Competitive Set June 2023 T-12 RevPAR Increased Year-Over-Year
- Proximate to PepsiCo Distribution Center, Franciscan Health Munster, Centennial Park, Hammond Sportsplex, Purdue University Northwest, Ford Motor Co Chicago Stamping Plant, and More
Investment Overview
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 102-room Hyatt Place located in Munster, Indiana, a suburb of Chicago on the Indiana-Illinois border. The hotel is a four-story property that is anticipated to open late 2023. Hyatt Place Munster provides the opportunity for a new owner to acquire a newly-built select-service hotel in a strong RevPAR market outside the Chicago Metropolitan Area.
