Quality Inn to Best Western Conversion
2270 N State St , Greenfield, IN, 46140
$4,850,000
Price
$59,896
Price Per Key
$83
RevPAR Compset
52704
Building SF
96
Total Rooms
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$4,850,000
Price
$59,896
Price Per Key
$83
RevPAR Compset
52704
Building SF
96
Total Rooms
Investment Highlights
Midscale Trend Report Average RevPAR of $83 for the Last Two Years
96 Keys Listed at $59,895 Per Key
Severely Mismanaged by Court Appointed Receivership since 2020
2-Story Grand Entrance & Lobby
Largest Meeting Room Space in Greenfield; 730 SQFT & can accommodate 50 People.
An Approval for a $500,000,000, 200-acre Development is to Be Built a Few Miles Away from the Property, including a 26,000 square feet conference center to accommodate 600 people
Includes 3 Highly Sought After Billboard Leases Reaching 1,800,000 Adults Per Month
First Visible Property off Interstate 70
Located in USDA Zone
Only Best Western within 21 Miles
Location Summary
Conveniently located off Interstate 70, Quality Inn & Suites Greenfield is just a 30-minute drive from downtown Indianapolis. Its location is off Exit 104 and ideal for easy access to over 50 restaurants and unique attractions. Additionally, a $500 million, 200-acre development has been approved a few miles from Greenfield. This development will bring residential and commercial space, including plans for offices, restaurants, retail, senior living spaces, and a 26,000-square-foot conference center to accommodate up to 600 people.
*offering memorandum, STR, and PIP in deal room. To gain access to P&L's contact Sheil Stampwala 714-242-8304
FOR MORE DETAILS CONTACT
Sheil Stampwala
Managing Director
(714) 242-8291
sheil@tshoteladvisors.com
CA 01859094
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