5400 Weston RdEvansville, IN 47712
For Sale
$10,828,000
110-key hotel, 9.05% cap rate, strong ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 91
Highlights
- Net Operating Income (NOI): Approximately $1,000,000.
- Strong Brand Recognition: Fairfield Inn by Marriott, a reputable brand attracting consistent clientele.
- Turnkey Operation: Fully renovated in 2022, exceeding $3M in trailing 12-month room revenue.
- High Demand Location: Convenient Highway 62 access, near major retailers (Lowe's, Home Depot, Walmart), and 5 minutes from the University of Southern Indiana.
- Long-Term Franchise Agreement: Marriott license extends to 2037.
- Limited Local Competition: Only one other hotel within a 5-mile radius of the university.
Property Details for 5400 Weston Rd
- Property type
- Other hospitality properties, Hotels
- Year Built/Renovated
- 1995/2022
Location Insight
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Latitude
- 37.976414145344
- Longitude
- -87.640907729903
5400 Weston Rd, Evansville, Indiana
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