Quality Inn to Best Western Conversion
2270 N State St , Greenfield, IN, 46140
$5,750,000
Price
$83
RevPAR Compset
52704
Building SF
96
Total Rooms
$59,896
Price Per Key
 
 

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
Lic: CA 01859094
Sudhir "Sid" Tewari
Principal/Managing Broker
(714) 242-8304
sid@tshoteladvisors.com
Lic: CA 01773230
Scott Reid
ParaSell, Inc. – Broker
(949) 942-6578
broker@parasellinc.com
Lic: IN# RB19001284