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Hotel-Motel

Four Points by Sheraton Elkhart

3254 Cassopolis St, Elkhart, IN 46514

Listing Price: $10,000,000

Cap Rate
2.06%
Number of Rooms
101
RevPAR
$57
Gross SF
61,604
Price/Room
$99,010
Price/Gross SF
$162.33
Year Built
2019

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 101-room Four Points by Sheraton located in Elkhart, Indiana. The hotel is a four-story property built in 2019 and located just off Interstate 90. Four Points by Sheraton Elkhart provides the opportunity for a new owner to acquire a full-service hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.

Investment Highlights

  • Property is Located Just off I-90
  • Opened in 2019
  • Multiple Revenue Streams
  • Positive Trending RevPAR
  • Proximate to University of Notre Dame, RV/MH Hall of Fame & Museum, Heartland RVs, Thor Industries, Elkhart General Hospital, 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

Four Points by Sheraton Elkhart

Listing Price: $10,000,000

Cap Rate
2.06%
Number of Rooms
101
RevPAR
$57
Gross SF
61,604
Price/Room
$99,010
Price/Gross SF
$162.33
Year Built
2019

Investment Highlights

  • Property is Located Just off I-90
  • Opened in 2019
  • Multiple Revenue Streams
  • Positive Trending RevPAR
  • Proximate to University of Notre Dame, RV/MH Hall of Fame & Museum, Heartland RVs, Thor Industries, Elkhart General Hospital, and More

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 101-room Four Points by Sheraton located in Elkhart, Indiana. The hotel is a four-story property built in 2019 and located just off Interstate 90. Four Points by Sheraton Elkhart provides the opportunity for a new owner to acquire a full-service hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.

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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