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Hotel-Motel

La Quinta Inns & Suites Elkhart

330 Northpointe Blvd, Elkhart, IN 46514

Listing Price: $3,650,000

Cap Rate
4.74%
Number of Rooms
1,996
RevPAR
$46
Gross SF
37,314
Price/Room
$1,829
Price/Gross SF
$97.82
Year Built
1996

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 60-room La Quinta Inns & Suites located in Elkhart, Indiana, a suburb of South Bend in the Indiana-Michigan border. The hotel is a three-story property built in 1996 located directly off Interstate 90, providing ease of access for commerce and tourism. La Quinta Inns & Suites Elkhart provides the opportunity for a new owner to acquire a select-service hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Wyndham name, reservation system, and loyal base of guests.

Investment Highlights

  • Property is Located Just off I-90
  • Historically High NOI Margin
  • Proximate to RV Hall of Fame & Museum, Wellfield Botanic Gardens, Elkhart General Hospital, University of Notre Dame, South Bend International Airport, 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 Managing Director 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

La Quinta Inns & Suites Elkhart

Listing Price: $3,650,000

Cap Rate
4.74%
Number of Rooms
1,996
RevPAR
$46
Gross SF
37,314
Price/Room
$1,829
Price/Gross SF
$97.82
Year Built
1996

Investment Highlights

  • Property is Located Just off I-90
  • Historically High NOI Margin
  • Proximate to RV Hall of Fame & Museum, Wellfield Botanic Gardens, Elkhart General Hospital, University of Notre Dame, South Bend International Airport, and More

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 60-room La Quinta Inns & Suites located in Elkhart, Indiana, a suburb of South Bend in the Indiana-Michigan border. The hotel is a three-story property built in 1996 located directly off Interstate 90, providing ease of access for commerce and tourism. La Quinta Inns & Suites Elkhart provides the opportunity for a new owner to acquire a select-service hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Wyndham 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 Managing Director 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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