Opportunity
Fee simple interest in a developer-owned Hilton dual-brand portfolio, available as a two-pack or individual sale:
Home2 Suites by Hilton Kokomo – 104 guestrooms, 5126 Clinton Ave
LivSmart Studios by Hilton Kokomo – 137 guestrooms, 5128 Cartwright Dr, brand-new build
Flexible disposition strategy – investors can acquire both assets for operational leverage or select individually to fit portfolio needs.
Operational upside through dual-brand synergy: shared staffing, consolidated sales efforts, and cross-selling to maximize efficiency.
Complementary positioning within Hilton’s extended-stay spectrum:
Home2 Suites captures Hilton Honors loyalty and higher-rated extended-stay business.
LivSmart provides a newly built, cost-conscious extended-stay product ideal for long-term workforce housing and project crews.
Direct exposure to Kokomo’s EV and auto economy, anchored by Stellantis’s transmission and casting plants and the $6B+ Stellantis/Samsung StarPlus Energy EV battery facilities under construction.
Attractive basis vs. replacement cost – developer-owned Hilton dual-brand exposure at a meaningful discount to current per-key development costs.
Upside potential with hands-on ownership, operational leverage, and durable industrial demand from Stellantis, Samsung, and Tier-1 suppliers
Location
Prominent south Kokomo location with immediate access to U.S. 31 and regional connectors; ~61 miles north of Indianapolis and ~67 miles from Indianapolis International Airport (IND)
Proximate to major employers: Stellantis Transmission and Casting plants, plus the under-construction $6B+ Stellantis/Samsung StarPlus Energy EV battery facilities adding ~2,800 jobs
Infrastructure investments: $30M+ in roadway upgrades to support industrial growth and heavy traffic flow; city also operates a free City-Line Trolley system with Wi-Fi covering commercial corridors
Downtown revitalization: The Elwood ($26M mixed-use project) adding luxury apartments and retail, plus new housing developments addressing worker influx tied to battery projects
Healthcare & education anchors: Ascension St. Vincent Kokomo Hospital and Indiana University Kokomo (~3,000 students) provide steady base demand
Cultural and demographic shifts: Growing Korean business community (“Koratown”) emerging alongside Samsung/Stellantis investments, supporting long-term international workforce lodging needs
Air access: Kokomo Municipal Airport (OKK) for corporate aviation, plus Grissom Aeroplex (~11 miles north) capable of handling larger charters
Surrounding retail/dining corridors enhance guest convenience for long-term stays