220 Caravan Dr
Elkhart, IN 46514
North Elkhart
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
FOR SALE DETAILS
PRICE
$2,900,000 USD
PRICE/SF
$83 USD /SF
# OF ROOMS
67
PRICE/ROOM
$43,284 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sleep Inn Elkhart
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1999
PARKING SPACES
61
LAND DETAILS
LAND ACRES
2.14 AC
LAND SF
93,218 SF
ZONING
ZO01
APN/PARCEL ID
20-02-20-126-007.000-027
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219-384-7994
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219-384-7994
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