Hotel-Motel

America’s Best Value Inn & Suites Marion

6138 East Corridor Drive, Marion, IN 46953

Listing Price: Request For Offer

Number of Rooms
60
RevPAR
$35
Gross SF
38,015
Year Built
2001

Investment Overview

Marcus & Millichaps National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Americas Best Value Inn & Suites Marion. The hotel is being sold on a call for offers basis and presents multiple conversion opportunities for a new buyer to rebrand the asset to a more profitable segment.

The asset is high-quality construction originally built as Country Inn & Suites. Located along the Highway 18 corridor, just 50 miles southwest of Fort Wayne, the hotel includes 60 rooms that span across three stories and was constructed in 2001. In addition to being located along the highway, the hotel is positioned half a mile between two major distribution centers, the Dollar General and Dunhams Sports, which brings business and leisure travelers alike to the hotel. This property presents a new owner the opportunity to acquire a value-add asset between Indianapolis and Fort Wayne. An investor, looking to act as an owner-operator, can maximize profits through a reduction in management costs for the property. This hospitality asset is being sold well below replacement cost and is well-equipped with a fitness center, business center, and meeting space.

The Upper Midscale competitive set of hotels in the market were achieving a $49-$58 RevPAR prior to March 2020, which allows this property to become a market leader, once a upper midscale flag is chosen. In turn, by focusing on maintaining the hotels operational efficiency after completion of a major renovation, a new owner can expect to continue to see strong hotel performance and hotel EBITDA given the strength market. The hotel is offered fee simple, unencumbered by a management contract and debt.



Investment Highlights

  • Call for Offers | Motivated Seller
  • Well Positioned with Excellent Visibility from Interstate 69 (Closest Hotel to Inters
  • Property sits directly South of the Dollar General Distribution Center & North of Dun
  • Operational Upside for Prospective Hands-On Owner-Operator Investor
  • Located 50 miles from Fort Wayne & 80 miles from Indianapolis
  • 60-Room, Interior Corridor, Economy Hotel Built in 2001

Exclusively Listed By

Hotel-Motel

America’s Best Value Inn & Suites Marion

Listing Price: Request For Offer

Number of Rooms
60
RevPAR
$35
Gross SF
38,015
Year Built
2001

Investment Highlights

  • Call for Offers | Motivated Seller
  • Well Positioned with Excellent Visibility from Interstate 69 (Closest Hotel to Inters
  • Property sits directly South of the Dollar General Distribution Center & North of Dun
  • Operational Upside for Prospective Hands-On Owner-Operator Investor
  • Located 50 miles from Fort Wayne & 80 miles from Indianapolis
  • 60-Room, Interior Corridor, Economy Hotel Built in 2001

Investment Overview

Marcus & Millichaps National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Americas Best Value Inn & Suites Marion. The hotel is being sold on a call for offers basis and presents multiple conversion opportunities for a new buyer to rebrand the asset to a more profitable segment.

The asset is high-quality construction originally built as Country Inn & Suites. Located along the Highway 18 corridor, just 50 miles southwest of Fort Wayne, the hotel includes 60 rooms that span across three stories and was constructed in 2001. In addition to being located along the highway, the hotel is positioned half a mile between two major distribution centers, the Dollar General and Dunhams Sports, which brings business and leisure travelers alike to the hotel. This property presents a new owner the opportunity to acquire a value-add asset between Indianapolis and Fort Wayne. An investor, looking to act as an owner-operator, can maximize profits through a reduction in management costs for the property. This hospitality asset is being sold well below replacement cost and is well-equipped with a fitness center, business center, and meeting space.

The Upper Midscale competitive set of hotels in the market were achieving a $49-$58 RevPAR prior to March 2020, which allows this property to become a market leader, once a upper midscale flag is chosen. In turn, by focusing on maintaining the hotels operational efficiency after completion of a major renovation, a new owner can expect to continue to see strong hotel performance and hotel EBITDA given the strength market. The hotel is offered fee simple, unencumbered by a management contract and debt.



Exclusively Listed By

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