2750 Fortune Cir W - Hospitality FOR SALE


Indianapolis, IN 46241- Park Fletcher
$8,000,000 USD
734-612-0179
2750 Fortune Cir W, Indianapolis, IN for Sale
$8,000,000 USD
Hospitality - FOR SALE
1/77
null | Request Cap Rate

2750 Fortune Cir W
Indianapolis, IN 46241
Park Fletcher


HIGHLIGHTS

  • Over 150,000 vehicles travel along I-465 daily. High visibility with 150,000+ daily drivers on I-465 Strategically located along I-465 interstate
  • In 2024, Indianapolis International Airport welcomed 10.5 million visitors, up from 9.7 million in 2023 — marking a significant year-over-year increas
  • Indianapolis International Airport (IND) serves as a dynamic mid-sized hub that caters to a diverse mix of travelers. The market is a blend of leisure

OVERVIEW

We are pleased to offer for sale the Comfort Suites located just minutes from the Indianapolis International Airport. This hotel has demonstrated consistent strong performance, generating great revenue over the past four years. The property's strategic location, paired with its affiliation with the well-recognized Comfort Suites brand under Choice Hotels, has contributed to a solid and stable cash flow. With excellent guest satisfaction and high occupancy rates, the hotel is an ideal investment opportunity for buyers seeking a dependable income-producing asset. The property is situated in a high-demand area, benefiting from immediate access to major highways and only a 10-minute drive to the airport. It is also close to major Indianapolis attractions including the Indianapolis Motor Speedway, Lucas Oil Stadium, the Indiana Convention Center, the Indianapolis Zoo, and the Children’s Museum. The area is part of a vibrant submarket that serves both corporate and leisure travelers. The surrounding region continues to grow, with a population exceeding 128,000 within a 5-mile radius and projected household and income growth over the next five years. Indianapolis has recently been ranked one of the top housing and business markets in the Midwest, with a strong economy driven by sectors such as logistics, healthcare, and life sciences. The city hosts over 29 million visitors annually, contributing approximately $5.6 billion to the local economy and supporting more than 82,000 hospitality jobs. This hotel benefits from that economic engine, with its proximity to the airport and key demand drivers placing it in a prime position for continued success. There is also substantial upside potential. Opportunities exist to enhance food and beverage offerings, attract more group bookings due to its proximity to the convention district and Speedway, and improve operational efficiencies. Additionally, the asset is well-positioned for a soft brand conversion or an upgrade to a lifestyle-focused flag to increase average daily rate (ADR) and broaden its guest base. In summary, this Comfort Suites represents a rare opportunity to acquire a well-performing, strategically located hotel in a dynamic and growing market. It is ideal for investors or owner-operators looking for a stable yet value-add hospitality asset with long-term upside. Please contact us for detailed financials, cap rate analysis, and further information. Ask ChatGPT

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$238 USD /SF

# OF ROOMS

70

PRICE/ROOM

$114,286 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Suites Near Indianapolis Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

88

LAND DETAILS

LAND ACRES

4.16 AC

LAND SF

181,421 SF

ZONING

ZO01

APN/PARCEL ID

49-12-24-103-033.000-900,49-12-24-103-062.000-900

ASK ABOUT THIS PROPERTY

Manish ShahSocial House Real Estate Group LlcMore Info
734-612-0179

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Manish ShahSocial House Real Estate Group LlcMore Info
734-612-0179

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