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220 Caravan Dr
Elkhart, IN 46514 North Elkhart

$2,900,000 USD

Hotel For Sale • 34,818 SF

Property Details

Property Type Hotel
Total Building Size 34,818 SF
Lot Size 2.14 AC
Building Class B
Year Built 1999
Zoning ZO01

30 Transit Score

40 Walk Score

                
                    Highlights
                
                                 Occupancy grew from 37.75% to 52.59% over the trailing two years, a nearly 15-point  improvement
                            
                                RevPAR climbed to $31.71 in 2025, surpassing 2023 levels despite softer ADR
                            
                                 Total revenue reached $785,180 in 2025, up 19.5% over 2024
                            
                                Established Choice Hotels franchise with national reservation and loyalty distribution
                            
                                 Positioned along the Elkhart/RV Capital of the World corridor with strong drive-to demand  generators
                            
                                 Offered at $2,900,000 — approximately $43,284 per key

Amenities

Business Center
Fitness Center
Pool
High Speed Internet Access
Meeting Event Space
Public Access Wifi
Smoke-Free
Hot Tub

Public Transportation

Commuter Rail	Drive	Walk	Distance
Elkhart Amtrak Station (Floridian - Amtrak, Lake Shore Limited - Amtrak)	8 min	-	4.4 mi
Airport	Drive	Walk	Distance
South Bend International	39 min	-	25.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	61
Type:	Surface
Included in Rent:	Yes

Xever Lemieux 219-384-7994 Ellsbury Commercial Group

220 Caravan Dr Elkhart, IN 46514 North Elkhart