2506 Lafayette Rd - Hospitality FOR SALE


Crawfordsville, IN 47933
$11,950,000 USD
909-456-3481
2506 Lafayette Rd, Crawfordsville, IN for Sale
$11,950,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

2506 Lafayette Rd
Crawfordsville, IN 47933


HIGHLIGHTS

  • 11.1% Cap Rate | TTM Generated $3,145,959 in Room Revenue in July 2025
  • Well-Appointed, Three-Story Interior Corridor, IHG-Branded Hotel | Full PIP Renovation Completed in 2024
  • Well-Performing Hotel with New 15-Year Franchise License
  • Ideally Located off of Interstate 74, which Provides Transient Demand for the Hotel
  • 10 Miles to Nucor Steel, the Largest Steel Producer in the U.S. | Nucor in Process of $290M Plant Expansion & Modernization
  • 9 Miles to the New Tempur Sealy Manufacturing Plant | Sealy Building an Adjacent Plant to Manufacture Pillows

OVERVIEW

Josh Caruana // Broker of Record // License IN RB14034355 Property Tours Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers. Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Crawfordsville, a 3-story interior corridor hotel located in Crawfordsville, Indiana. Built in 2008, the hotel offers amenities including a heated indoor pool & spa, fitness center, complimentary breakfast buffet with large dining area, guest laundry facilities, and more. Business amenities include a business center and a meeting room that can accommodate 50 people. The property was renovated in 2024, bringing the hotel up to brand standards. Renovations completed include full exterior paint, complete overhaul of the TVs from 46" to 55" in all rooms, technology refresh, and implementing the hotel key PMS system. The Holiday Inn Express & Suites Crawfordsville represents the opportunity to acquire a renovated, IHG-branded hotel in a growing market. This well-performing property benefits from an excellent location off of Interstate 74, near several attractions, businesses, and other demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Montgomery County region.

FOR SALE DETAILS

PRICE

$11,950,000 USD

PRICE/SF

$256 USD /SF

# OF ROOMS

74

PRICE/ROOM

$161,486 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Crawfordsville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

B-3

APN/PARCEL ID

54-07-19-400-026.000-028

ASK ABOUT THIS PROPERTY

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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