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Hotel-Motel

Hyatt Place Munster

9420 Calumet Ave, Munster, IN 46321

Listing Price: $20,400,000

Cap Rate
8.27%
Number of Rooms
102
RevPAR
$122
Gross SF
28,775
Price/Room
$200,000
Price/Gross SF
$708.95
Year Built
2023

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.

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

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

Hyatt Place Munster

Listing Price: $20,400,000

Cap Rate
8.27%
Number of Rooms
102
RevPAR
$122
Gross SF
28,775
Price/Room
$200,000
Price/Gross SF
$708.95
Year Built
2023

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.

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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