1800 W US Highway 20 - Hospitality FOR SALE


Porter, IN 46304
$5,950,000 USD
818-357-5156
1800 W US Highway 20, Porter, IN for Sale
$5,950,000 USD
Hospitality - FOR SALE
1/6
null | 10.54% Cap Rate

1800 W US Highway 20
Porter, IN 46304


HIGHLIGHTS

  • 3-Story, Interior Corridor Hotel
  • 70 Rooms
  • Built in 2008
  • Less than 1 Hour from Chicago
  • Adjacent to Indiana Dunes National Park (4.4 Million Annual Visitors)
  • 2024 Revenue: $1,551,743

OVERVIEW

The Comfort Inn & Suites is a 2008 built 70-room, three-story interior corridor hotel in Porter, Indiana. Less than an hour from Chicago Midway Airport, the hotel is ideally positioned at the entrance to Indiana Dunes National Park - one of the most visited parks in the country, with over 4.4 million combined annual visitors to the national and state parks. The property has a strong revenue track record, with a three-year average exceeding $1.5 million and consistent year-over-year growth. Recent STR data shows a RevPAR Index of 93%, indicating solid performance with room for further improvement. The hotel is in excellent condition following significant recent renovations, and a minimal transfer PIP is anticipated. Despite absentee ownership, the hotel maintains strong NOI and benefits from a stable mix of demand drivers, including a longstanding contract with a trucking company directly across the street. Strategically located near major transportation routes, I-65, I-80, I-90, I-94, and U.S. Highways 12 and 20, and just minutes from South Shore rail access to Chicago, the property is exceptionally well-positioned to capture both leisure and commercial demand. Interested buyers are invited to contact us for further information, to schedule a property visit, or to submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$140 USD /SF

# OF ROOMS

70

PRICE/ROOM

$85,000 {currency}

CAP RATE

10.54%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn & Suites Porter

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

81

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,874 SF

ZONING

O

APN/PARCEL ID

64-03-34-351-001.000-026

ASK ABOUT THIS PROPERTY

Eric WoldAmber Hotel CompanyMore Info
818-357-5156

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Eric WoldAmber Hotel CompanyMore Info
818-357-5156

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