312-248-9716
5128 Cartwright Drive, Kokomo, IN for Sale
Hospitality - FOR SALE
1/5
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5128 Cartwright Drive
Kokomo, IN 46902


OVERVIEW

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

FOR SALE DETAILS

PRICE

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# OF ROOMS

137

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LivSmart Studios by Hilton Kokomo

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2025

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

-

APN/PARCEL ID

34-10-18-354-003.000-015

ASK ABOUT THIS PROPERTY

Jacki BubisParamount Lodging AdvisorsMore Info
312-248-9716

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Jacki BubisParamount Lodging AdvisorsMore Info
312-248-9716

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