3005 John Howell Dr - Hospitality FOR SALE


Valparaiso, IN 46383
$4,000,000 USD
219-781-9547
3005 John Howell Dr, Valparaiso, IN for Sale
$4,000,000 USD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

3005 John Howell Dr
Valparaiso, IN 46383


HIGHLIGHTS

  • Trailing twelve-month hotel revenue of $1,119,538 through March 2026, with Q1 2026 showing a 37.6% year-over-year revenue increase and 74.2% occupanc
  • STR STAR Revenue Generation Index of 185.8 — this property captures nearly double the RevPAR of its competitive set across all key performance metrics
  • Offered at $68,966 per key and 3.57x trailing revenue, well below replacement cost for a comparable 58-key limited-service hotel in this market

OVERVIEW

Super 8 by Wyndham — Valparaiso, Indiana eXp Commercial, as exclusive advisor to the ownership, is pleased to present the Super 8 by Wyndham located at 3005 John Howell Drive, Valparaiso, Indiana 46383. This 58-key limited-service hotel is offered at $4,000,000, representing $68,966 per key and just 3.57x trailing twelve-month hotel revenue — well below replacement cost for a comparable property in this market. REVENUE PERFORMANCE The property has demonstrated consistent revenue generation over a six-year operating history, exceeding $1 million in annual hotel revenue for five consecutive years (2021–2025). Trailing twelve-month (TTM) hotel revenue through March 2026 totals $1,119,538 with TTM room revenue of $1,038,186. Full-year hotel revenue by year: 2020: $786,116 2021: $1,056,945 2022: $1,098,793 2023: $1,150,886 2024: $1,048,683 2025: $1,048,203 TTM (Apr 2025 – Mar 2026): $1,119,538 Occupancy has remained in a stable band of 61–71% on a rentable room basis over the past six years, with TTM occupancy at 69.5%. The trailing twelve-month average daily rate (ADR) is $79.91. RECENT MOMENTUM Q1 2026 results demonstrate meaningful acceleration. Occupancy rose to 74.2%, up from 56.6% in Q1 2025 — a 31.1% year-over-year improvement. Hotel revenue for Q1 2026 reached $261,093 compared to $189,758 in Q1 2025, a 37.6% increase. Monthly occupancy has climbed each month of the quarter: 68.0% in January, 77.0% in February, and 78.0% in March 2026. This upward trajectory positions the property for continued improvement through the seasonally stronger summer travel months. COMPETITIVE SET PERFORMANCE Independent STR STAR reports confirm the property's dominant position within its competitive set. Key indexes as of August 2025: Market Penetration Index (MPI): 137.4 — the property achieves 37% higher occupancy than its comp set average. Average Rate Index (ARI): 135.2 — ADR runs 35% above the comp set. Revenue Generation Index (RGI): 185.8 — the property captures nearly double the RevPAR of its average competitor. This level of outperformance across all three indexes reflects strong brand recognition, a loyal guest base, and an effective rate strategy relative to the local market. PROPERTY OVERVIEW The hotel features 58 guest rooms and was built in 1997. The property operates under the Super 8 by Wyndham flag, one of the most recognized economy hotel brands globally with over 2,400 locations worldwide. Wyndham's loyalty program (Wyndham Rewards, 100M+ members) drives consistent direct bookings and repeat business. The property is located along the U.S. 30 corridor in Valparaiso, Indiana, providing convenient access to major regional demand generators including Valparaiso University, Indiana University Northwest, the Indiana Dunes National Park, and the broader Northwest Indiana industrial and logistics corridor. The location benefits from a diversified demand base spanning leisure travelers, business guests, university visitors, and construction or project-based crews. INVESTMENT HIGHLIGHTS This acquisition offers an owner-operator the opportunity to step into a proven, cash-flowing hotel at a basis well below replacement cost. Key investment merits include: Consistent revenue above $1M annually for five consecutive years, demonstrating durability through multiple market cycles. Strong Q1 2026 momentum with 37.6% revenue growth and occupancy approaching 80% in March. Dominant competitive position with an RGI of 185.8, nearly double the revenue generation of comparable properties. Attractive per-key basis of $68,966 at a time when new limited-service hotel construction costs in the Midwest commonly exceed $80,000–$120,000 per key. Wyndham brand infrastructure including the Wyndham Rewards loyalty program, global distribution, and property management support. All financial data is sourced directly from Wyndham SPH Statistics Reports (property management system) and Smith Travel Research (STR) STAR Reports. Full calendar-year data is available for 2020–2025, with monthly detail through March 2026. Comprehensive financial documentation will be made available to qualified buyers upon execution of a confidentiality agreement. For more information or to request the Confidential Financial Package, please contact eXp Commercial.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$157 USD /SF

# OF ROOMS

57

PRICE/ROOM

$70,175 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 by Wyndham Valparaiso

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1997

PARKING SPACES

57

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

95,004 SF

ZONING

CM

APN/PARCEL ID

64-10-20-301-004.000-029

ASK ABOUT THIS PROPERTY

John MathewsoneXp CommercialMore Info
219-781-9547

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John MathewsoneXp CommercialMore Info
219-781-9547

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