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5400 Weston Road, Evansville, IN

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5400 Weston Road

Evansville, IN 47712 - Westside Submarket

Property Type:Hospitality Number of Rooms:110 Status:Existing Year Built:1995
Stories:4 Building Size:61,244 SF Land Area:3.4 AC (148,104 SF)
For Sale Price:$10,000,000 Price/Room:$90,909 Cap Rate:7.70 %

Parking:1.38 Parking Spaces / 1,000 SF

Sale Notes:
The Fairfield Inn Evansville West, a recently renovated, four story, block and plank constructed property features the latest Fairfield Inn Generation 4 design package by Marriott. The Trailing-12 Evansville/Henderson, IN-KY tract hotel market in which the Fairfield Inn Evansville is located, has reflected a strong 7.2% RevPargrowth. While theHotel's competitive set reflects stronger thanmarket results, showing a 7.8% increase, the Hotel has only increased a modest 2.4%. With new demand generators entering the market, this provides a new owner/operator an upside opportunity to not only structure cost-saving operational efficiencies to increase NOI, but to implement strong yield management and marketing strategies aimed at increasing overall RevPar to gain fair market share.

SVN | HPW Commercial
Jeff Roike
(919) 789-5215

SVN The Martin Group
Steve Martin
(317) 849-8001

SVN/ Martin Commercial Group
Chris Stuard
(812) 471-2500 x2775

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