Hotels for Sale

Candlewood Suites South Bend Airport

Address:
South Bend, Indiana
Description:
  • Fee Simple interest in the 72-room Candlewood Suites in South Bend, IN offered at a significant discount to replacement cost
  • Anticipated cost basis of double digit cap rate and walk-in cash-on-cash returns in the mid teens
  • Year-over-year RevPAR increases of more than 10% with the Hotel performing at 137% of the RevPAR Index
  • Approximately 5 miles from the University of Notre Dame and Notre Dame Stadium (currenlty in the midst of a $400MM renovation and expansion)
  • Adjacent to Interstate I-90 / US Route 31 interchange with upwards of 45,000 cars passing the location daily
  • Optimal location in the heart of South Bend, Indiana proximate to the city's largest employers including Koontz Wagner,¬†Honeywell, FedEx, AT&T and the U.S. Army Reserve
  • Proximate to all regional demand generators including Notre Dame University, AM General Inc., the South Bend Museum of Art, and South Bend International Airport

Listing Agents

Mike Schlictman
T | 803.920.4173
Email Agent

Hussain Waseem
T | 773.526.8713
Email Agent

Kami Burnette
T | 512.831.5605
Email Agent

Categories List:   

Send message to listing owner