Hotels for Sale

Country Inn and Suites Portage, IN

Address:
Portage, Indiana
Description:

UNDER CONTRACT

  • Fee simple interest in the 100-room developer owned and third party managed Country Inn & Suites Portage, IN offered at a fraction of replacement cost
  • Offered unencumbered of debt or management with the ability to retain the Country Inn & Suites brand via a long-term license with Radisson
  • Minimal change of ownership PIP expected with approximately $2MM spent in capital improvements since inception including recent upgrades to signage, internet wiring, and interior refresh
  • Significant operational upside through hands on ownership and management
  • Proximate to the intersection of Interstates 65/80/90/94 with more than 140,000 vehicles passing the hotel daily
  • Ideally situated in greater Chicagoland (outside of Cook County) only 40 miles from the Loop, Chicago’s central business district
  • Optimal location in the heart of Portage, proximate to all regional demand including the Port of Indiana Burns Harbor, Coca-Cola, Bass Pro Shops, Indiana Toll Roads, US Steel, Indiana Dunes State Park, and downtown Chicago

Listing Agents

Mike Schlictman
T | 803.920.4173
Email

Hussain Waseem
T | 773.526.8713
Email

Categories List:      

Send message to listing owner