Investment Overview

Marcus Millichap is pleased to offer for sale a fee simple interest in the 79-unit, Holiday Inn Express & Suites Madison, located in Madison, Indiana. The subject property is ideally located on 1.63 acres and features 3 floors of well-maintained guest rooms. Common area amenities include complimentary breakfast, 24-hour front desk, guest-laundry facilities, business center, fitness center, and a shared lounge area in the lobby. Each guest room is equipped with free Wi-Fi, flat-screen TV, in-room coffee & tea maker, refrigerator, microwave, iron & ironing board, and hairdryer. The Holiday Inn Express is located off state Hwy-6 with close proximity to all demand generators. Madison is situated in the southern region of Indiana along the Ohio River and is the largest city between Louisville, KY and Cincinnati, OH along the river. The area was originally known for having the first railroad in Indiana. One of the main demand generators is the Madison Correctional Facility, a minimum security all-female correctional facility which offers rehabilitation and development programs for inmates to prepare for re-entering society. Another prominent demand generator is Hanover College, Indiana’s first private college, which was founded in 1827. The college enrolls 1,000+ students and offers 34-degree programs. Attractions in the area include Clifty Falls State Park, Lanier Mansion State Historic Site, and Sunrise Golf Course. Less than 2 miles from the property, Norton King’s Daughter Health – Hospital, is a 465-bed hospital part of the north Healthcare system. The hospital is the county’s largest employer with more than 930 employees.