The Bowman Post Group of NewGen Advisory is pleased to present for sale the Clarion Pointe Indianapolis Northeast – Indianapolis, IN. This property is located at 8325 Bash St. in the Castleton suburb of Indianapolis. Built in 1988, this property features two floors of exterior corridors, and a third floor with interior corridors. The location is a standout, located with easy access and visibility from Interstate 69 on an exit that has recently gone through major construction. Just one mile away is Indiana’s largest mall and across the interstate is a large hospital. Within walking distance are a host of amenities including restaurants, places of worship, entertainment venues, and shopping.
Current ownership has recently renovated the property and traffic is expected to come back with the exit construction wrapping up. The capital expenditures, the exit opening, and the location in highly desirable Indianapolis make this a great property. Additionally, those attributes make it the right time for a new owner to purchase now. There is major upside for a new buyer, as this property is performing at just 43% of the RevPAR compared to the competitive set.