Hotels for Sale

Quality Inn Indy Castleton, IN

Address:
Castleton, Indiana
Description:
  • Fee simple interest in institutionally owned and third party managed 123-room Quality Inn Castleton offered at a fraction of replacement cost
  • Seller has pre-negotiated reduced Choice royalty fees and reduced Choice application fees for qualified buyers
  • Approximately $582,000 ($5k/key) of CapEx improvements completed in recent years with $250,000 ($2K/key) of improvements in the trailing 12 months
  • Minimal change of ownership PIP expected of a new buyer and asset is available for a new long-term license with Choice
  • Adjacent to I-465 with upwards of 150,000 cars passing the location daily
  • Optimal location in the heart of Indianapolis/Castleton, IN proximate to the city's top-ten largest employers
  • Proximate to all regional demand generators including Butler University, Grand Park, the Indianapolis Motor Speedway, the Indiana State Fairgrounds, and Lucas Oil Stadium

Listing Agents

Hussain Waseem
T | 773.526.8713
Email Agent

Mike Schlictman
T | 803.920.4173
Email Agent

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