This property is in average condition; some of the rooms have been remodeled, but most have not. The property is comprised of 4 different buildings with additional ground used for truck parking. This motel is surrounded by various businesses that cater to the semi-truck business. The opportunity for cash revenue is strong. The options available to a would-be purchaser are many and only limited by your own imagination.
220-Bed Student Housing Complex | Former Hotel 3553 FOUNDERS ROAD | INDIANAPOLIS, IN IN COLLEGE PARK NEAR THE ART INSTITUTE AND THE PYRAMID OFFICE PARK
National Hotel Brand. Seventy-Four Keys including 44 two room suites. Two Story, Exterior Room Entry.
Independent (Budget) Motel. Interstate Location. Excellent Visibility and Easy Access. Two Floors, Exterior Room Entry. 137 Guest Rooms. Guest Laundry. Truck Parking.
76 Guest Rooms, Three Stories, Elevator Building. PIP Current.
Price Upon Req.57,933 SF
National Affiliated Brand. 100 Guest Rooms. Four Floors. 2,000 S.F. of Meeting Space. Two Elevators. Indoor Pool. Business Center. Sundry Shop. Hotel is in Good Condition.
National brand Hotel with established clientele with enormous upside potential in superb location. Either outright purchase or come JV with us. Minimum investment $3 Million Minimum Return 10-12% Perfect Hotel investment for an Institutional investor or High Net-worth individual Additional facilities: *Restaurant & Large event space Owner in-house management. Can be re-flagged can be negotiated out. Established hotel property 3.5 star hotel Self Managed with upside opportunity. Managed or Without Management. Excellent 1031 Exchange Properties No Brokers - Principals Only As this is an off-market confidential offering from The Seller rep, in order to not sacrifice the integrity of the confidentiality of this deal, the Property address and basic description listed above are for illustration purposes only. The real address, along with the complete precise information, are in a Offering Memorandum prepared for qualified entities only.
This 143 key, three story, interior corridor, hotel and conference center, is located on a serene lake front in the active Indianapolis, IN market. It is conveniently located off 465 and 74 offering easy access from all major interstates. The local market offers high barriers to entry. Being on the lake front and with 17,500 sq. ft banquet facilities including a theater, the property offers a tremendous opportunity to a new owner experienced in meeting and banquet events. The hotel offers newly remodeled 143 over sized rooms with new carpeting, drapery, new bathroom fixtures, flat screen TV's (50" in all kings and 39" all other rooms), microwaves/refrigerators. The hotel also offers a large indoor heated pool and hot tub with a tropical setting located in the hotels atrium. For health enthusiasits, a fully equipped fitness center is also on-site.
The Royal Inn is a 160 room motel complex in Indiana comprised of four freestanding buildings. The buildings are all two story structures of pre-cast concrete, concrete block and frame construction with brick and stucco siding. The four buildings are referred to as North, South, East and West. Currently only two of the buildings, East and West, are being utilized as rentable guest rooms. The main buildings (East) consists of 44 guest rooms, 18 of which are single King rooms and the remaining 26 being double Queen rooms. The building has interior hallway access to the guest rooms and also contains the lobby, office, mechanical and laundry areas, a lounge and two banquet rooms. The West building, which has 52 rooms with exterior access, is used for overflow purposed when racing events and football games are in town. The North and South buildings are currently used for storage purposes. NIne units in the North building have been combined to create a multiple room living space for the owner or on-site manager. The space was created using five upstairs units and four downstairs units and contains a full kitchen.