Courtyard Columbus Tipton Lakes, IN

UNDER CONTRACT

• Fee simple interest in the 90-room Courtyard Columbus Tipton Lakes, Indiana, offered for purchase through a receiver sale.
• Asset will be available in the August 14th auction event via Ten-X.
• Offered unencumbered of brand, debt, and management and at a significant discount to replacement cost.
• Strong operational upside in purchasing the property out of receivership, completing the PIP, and repositioning the asset under alternative branding
• Proximate and readily accessible via Interstate 65 with upward of 40,000 vehicles passing the location daily
• Strong operational upside in purchasing the property out of receivership, completing the PIP, and repositioning the asset under alternative branding
• Readily accessible to all local corporate demand, including Cummins Inc., Faurecia, Enkei America Inc., Toyota Material Handling, and Dorel Juvenile Group. Tipton Lakes/Columbus is approximately 40 miles south of Indianapolis and is a regional architectural focal point with over 70 renowned buildings designed by well-known 20th-century architects
• Readily accessible to all area leisure demand, including Columbus Philharmonic Orchestra, Brown County State Park, Brown County Music Center, and Downtown Nashville, Indiana. Neighboring Downtown Nashville is the cultural center for Brown County tourism and home to a variety of unique craft, specialty and antique shops