Skip to main content

Hotel-Motel

Hampton Inn Marion

1502 N Baldwin Ave, Marion, IN 46952

Listing Price: $4,750,000

Cap Rate
4.84%
Number of Rooms
73
Gross SF
49,222
Price/Room
$65,068
Price/Gross SF
$96.50
Year Built
1998

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 73-room Hampton Inn Marion located in Marion, Indiana, just northeast of Indianapolis, Indiana. The Hampton Inn Marion is a 2007-build, 3-story property located under 6 miles east of Interstate 69, providing ease of access for commerce and tourism. Hampton Inn Marion provides the opportunity for a new owner to acquire a hotel built less than 15 years ago with potential to realize significant RevPAR growth through a hands-on management and utilization of the Hilton name, reservation system, and loyal base of guests.

Investment Highlights

  • Completed PIP in 2019
  • Close Proximity to Number of Demand Generators Including Indiana Wesleyan University
  • Located Near General Motors Marion Metal Center

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Listing Price: $4,750,000

Cap Rate
4.84%
Number of Rooms
73
Gross SF
49,222
Price/Room
$65,068
Price/Gross SF
$96.50
Year Built
1998

Investment Highlights

  • Completed PIP in 2019
  • Close Proximity to Number of Demand Generators Including Indiana Wesleyan University
  • Located Near General Motors Marion Metal Center

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 73-room Hampton Inn Marion located in Marion, Indiana, just northeast of Indianapolis, Indiana. The Hampton Inn Marion is a 2007-build, 3-story property located under 6 miles east of Interstate 69, providing ease of access for commerce and tourism. Hampton Inn Marion provides the opportunity for a new owner to acquire a hotel built less than 15 years ago with potential to realize significant RevPAR growth through a hands-on management and utilization of the Hilton name, reservation system, and loyal base of guests.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

MM Texture Background
MM Textured Background Lower