1220 E Douglas Rd - Hospitality FOR SALE


Granger, IN 46530
$5,200,000 USD
317-493-0055
1220 E Douglas Rd, Granger, IN for Sale
$5,200,000 USD
Hospitality - FOR SALE
1/3
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1220 E Douglas Rd
Granger, IN 46530


HIGHLIGHTS

  • 2017 construction with modern standards and reduced near-term capital expenditure needs.
  • Absentee ownership — opportunity for hands-on management and operational efficiencies.
  • Near University of Notre Dame (±13,000 students) and Saint Mary's College (±1,600 students).
  • Part of IHG Hotels & Resorts portfolio — well-recognized extended-stay brand.
  • 5-mile population of 145,000 with average household income of $90,000.
  • Located near Interstate 90/Indiana Toll Road with ±17,000 vehicles per day on E Douglas Rd.

OVERVIEW

Luke Whittaker and Mitchell Glasson are pleased to present the opportunity to acquire the Candlewood Suites Mishawaka, a well-located extended-stay hotel positioned in one of Northern Indiana’s strongest lodging markets. Situated near Interstate 90/Indiana Toll Road and major commercial corridors, the property benefits from excellent accessibility throughout the Mishawaka–South Bend market. The hotel is supported by a diverse mix of demand generators, including the University of Notre Dame, Saint Mary’s College, Indiana University South Bend, and numerous corporate, healthcare, and manufacturing employers. Mishawaka’s strong economic base provides consistent year-round lodging demand, while proximity to University Park Mall, Eddy Street Commons, and Downtown South Bend supports additional leisure and weekend demand. The Candlewood Suites brand, part of the IHG Hotels & Resorts portfolio, offers investors the opportunity to acquire a well-recognized extended-stay asset with strong market fundamentals and multiple avenues for future revenue growth. Broker Of Record Kyle Matthews Matthews Real Estate Investment Services, Inc RB17001213, RC52200195 (IN) 1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$136 USD /SF

# OF ROOMS

70

PRICE/ROOM

$74,286 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Candlewood Suites Mishawaka

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2017

PARKING SPACES

139

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

C-1

APN/PARCEL ID

71-04-27-400-057.000-036

ASK ABOUT THIS PROPERTY

Luke WhittakerMatthews Real Estate Investment ServicesMore Info
317-493-0055

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Luke WhittakerMatthews Real Estate Investment ServicesMore Info
317-493-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.