Hotels for Sale

LA QUINTA INN INDIANAPOLIS AIRPORT LYNHURST, IN

Address:
Indianapolis, Indiana
Description:

UNDER CONTRACT

  • Fee simple interest in the institutionally owned and Wyndham managed 121-room La Quinta Inn Indianapolis Airport Lynhurst offered at a fraction of replacement cost
  • Available unencumbered of debt and management with the ability to retain the La Quinta brand via a new long-term license agreement with Wyndham
  • Significant operating improvement prospects following completion of the pre-negotiated La Quinta PIP and more hands-on ownership
  • Situated off Interstate-465, Interstate-70, and the Sam Jones Expressway less than ten minutes from Indianapolis International Airport which saw a record 9.5MM travelers in 2018
  • Readily accessible to downtown Indianapolis and all core regional demand including the Indianapolis Motor Speedway, Lucas Oil Stadium, Eli Lilly, Simon Property Group, the Children’s Museum of Indianapolis, Bankers Life Fieldhouse, and the annual National Football League Scouting Combine
  • Ideal time to be investing in Indianapolis with the city coming off the heels of expansive 2018 job growth and a 3.3% area unemployment rate that is well below the national average
  • Indianapolis continuing to grow as 2018 saw the highest tourism demand in city history with upwards of 29MM visitors contributing $5.4BB to the local economy
  • Prosperous economic outlook as Indianapolis is scheduled to host the 2020 Routes America Airline Convention, 2021 NBA All-Star Weekend, 2021 NCAA Men’s Final Four, the 2026 NCAA Men’s Final Four, the 2022 College Football Playoff National Championship, and the 2025 American Academy of Otolaryngology Convention

Listing Agents

Mike Schlictman
T | 312.239.0577
Email

Andrew Makhlouf
T | 312.584.1312
Email

Brent Clemens
T | 312.239.0572
Email

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