4909 Knights Way Marion County ( Indiana, US - 46217) Built

$2,100,000 USD
3 X GRR

Independent

Ronald R. Stewart Ronald R. Stewart 708-960-4844 (Office) 708-870-2920 (Cell) 708-799-1844 (Fax) Request More Info

  • Open to offers...........room for upside!
  • Type: Commercial
  • Style: Single Story
  • Development Level: Built
  • Lot Type: Rectangular
  • Lot Size: 2.4 acres
  • Suite: Potential
  • Taxes: $32,000.00 USD (2015)

Description

100 Room hotel split into 3 entities and one of those being a Knights Inn flag. A new owner can expand the rest of the rooms to come under that flag with some work, but they are all operational under 2 other entities. Hotel generates revenue from traditional overnights as well as weekly stays. About 7 miles from the Indianapolis International airport, 15 miles from the city center and surrounded by many working class families and firms, trucking companies, etc.

This hotel enjoys local and travel clients. Close to Indianapolis speedway and plenty of other venues in the Indy MSA. Surrounding firms use the hotel for out of town overnight truckers and other transient workers. Hotel provides a shuttle and parking service to the airport for short trips and shuttles to local businesses that need an overnight stay. A workout room is available and a small meeting room also. Walk to restaurant next door or McDonalds, gas station convenience on the entrance corner. Short trip to other amenities.

Price is at or around 3 X Gross room revenue. Contact me about specific details and a confidentiality agreement. I have owners P&Ls for 2013,2014,2015 and 2016. Appointments should be scheduled.

Attachments

P2#257071439
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Information is deemed to be correct but not guaranteed.