Hotel-Motel
Holiday Inn Express & Suites Crawfordsville
2506 Lafayette Rd, Crawfordsville, IN 47933
Listing Price: $12,950,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Crawfordsville, a 3-story interior corridor hotel located in Crawfordsville, Indiana. Built in 2008, the hotel offers amenities including a heated indoor pool & spa, fitness center, complimentary breakfast buffet with large dining area, guest laundry facilities, and more. Business amenities include a business center and a meeting room that can accommodate 50 people. The property was renovated in 2024, bringing the hotel up to brand standards. Renovations completed include full exterior paint, complete overhaul of the TVs from 46" to 55" in all rooms, technology refresh, and implementing the hotel key PMS system.
The Holiday Inn Express & Suites Crawfordsville represents the opportunity to acquire a renovated, IHG-branded hotel in a growing market. This well-performing property benefits from an excellent location off of Interstate 74, near several attractions, businesses, and other demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Montgomery County region.
Holiday Inn Express & Suites Crawfordsville
Investment Highlights
- Well-Appointed, Three-Story Interior Corridor, IHG-Branded Hotel | Full PIP Renovation Completed in 2024
- Well-Performing Hotel with New 15-Year Franchise License
- Ideally Located off of Interstate 74, which Provides Transient Demand for the Hotel
- 10 Miles to Nucor Steel, the Largest Steel Producer in the U.S. | Nucor in Process of $290M Plant Expansion & Modernization
- 9 Miles to the New Tempur Sealy Manufacturing Plant | Sealy Building an Adjacent Plant to Manufacture Pillows
- Nearby Attractions Include Montgomery County Fairgrounds, Coal Creek Cellars, Ironman Raceway, Hidden Hollow Farm, and Several Museums
- 17 Miles to Shades State Park & Pine Hills Nature Preserve (~87,000 Visitors Per Year)
- 25 Miles to 1,150-Acre Turkey Run State Park (700k-1M Visitors Per Year)
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $12,950,000
Investment Highlights
- Well-Appointed, Three-Story Interior Corridor, IHG-Branded Hotel | Full PIP Renovation Completed in 2024
- Well-Performing Hotel with New 15-Year Franchise License
- Ideally Located off of Interstate 74, which Provides Transient Demand for the Hotel
- 10 Miles to Nucor Steel, the Largest Steel Producer in the U.S. | Nucor in Process of $290M Plant Expansion & Modernization
- 9 Miles to the New Tempur Sealy Manufacturing Plant | Sealy Building an Adjacent Plant to Manufacture Pillows
- Nearby Attractions Include Montgomery County Fairgrounds, Coal Creek Cellars, Ironman Raceway, Hidden Hollow Farm, and Several Museums
- 17 Miles to Shades State Park & Pine Hills Nature Preserve (~87,000 Visitors Per Year)
- 25 Miles to 1,150-Acre Turkey Run State Park (700k-1M Visitors Per Year)
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Crawfordsville, a 3-story interior corridor hotel located in Crawfordsville, Indiana. Built in 2008, the hotel offers amenities including a heated indoor pool & spa, fitness center, complimentary breakfast buffet with large dining area, guest laundry facilities, and more. Business amenities include a business center and a meeting room that can accommodate 50 people. The property was renovated in 2024, bringing the hotel up to brand standards. Renovations completed include full exterior paint, complete overhaul of the TVs from 46" to 55" in all rooms, technology refresh, and implementing the hotel key PMS system. The Holiday Inn Express & Suites Crawfordsville represents the opportunity to acquire a renovated, IHG-branded hotel in a growing market. This well-performing property benefits from an excellent location off of Interstate 74, near several attractions, businesses, and other demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Montgomery County region.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
Financing By
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