Hilton Garden Inn Indianapolis Northwest, IN

Listing Agents

Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com

Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the 122-room Hilton Garden Inn Indianapolis Northwest, IN offered at a significant discount to replacement cost
  • Upscale, premium-branded, select-serve Hilton asset offered unencumbered of debt and management
  • Pre-COVID Trailing 36-month RevPAR of ~$100
  • Ability to retain the Hilton flag for a new long-term license upon completion of the PIP
  • Strong operational upside in transitioning away from institutional ownership and national third-party operator to an investor with stronger operating economies of scale
  • Opportunity to better position the asset amongst the competitive set upon completion of the PIP
  • Trailing-12 property performance is at ~95% of its 2019 highs and offers buyers immediate walk-in yield
  • Within walking distance of Intech Park offices, the largest office development in Indianapolis, with over 433,000SF of commercial development and Certified Technology Park
  • Within walking distance of the 19MM SF Park 100 Industrial Park – the most expansive industrial park in Indianapolis.
  • Situated adjacent to heavily trafficked Interstate 465 and 65 – two of the area’s primary thoroughfares with upwards of 170,000 vehicles passing the location daily
  • Proximate to downtown Indianapolis and all local demand, including Corteva, Agriscience, ConAgra, Butler University, Indianapolis Motor Speedway, Ascension St. Vincent Hospital, and Eagle Creek Park
  • Indianapolis is the 7th largest MSA in the Midwest and is the region’s fastest growing metropolitan area
  • Indianapolis has seen unprecedented annual visitor activity in recent years with seven consecutive years of record-setting growth culminating in upwards of ~29MM annual visitors pre-COVID
Location