Detailed Information
Location
Property Highlights
- Fee simple interest in the institutionally owned and third-party managed 96-room Residence Inn by Marriott East Louisville, KY
- Offered unencumbered by debt and management
- Ability to relicense with Marriott, with license term to be determined in discussions with brand
- PIP scope and cost expected to be reflective of and appropriate for available relicense term
- Located near the intersection of Shelbyville Rd. & S Hurstbourne Pkwy with upwards of 57,230 vehicles passing the area daily
- Adjacent to the University of Louisville Shelby campus and convenient to all educational demand including the University of Louisville main campus, Bellarmine University, and Sullivan University
- Potential multi-family conversion opportunity – already zoned by-right
- Proximate to neighboring leisure demand such as the Oxmoor Center, Mall St. Matthews, The Paddock Shops, E.P. “Tom” Sawyer State Park, and Historic Locust Grove
- Proximate to neighboring healthcare demand including Norton Brownsboro Hospital, Baptist Health Louisville, and UofL Hospital
- Readily accessible to all broader regional demand such as Churchhill Downs, The Louisville Slugger Museum & Factory, The Muhammad Ali Center, Fourth Street Live!, and top employers including Humana, Ford Motor Company, and UPS
- Ideal time to be investing in Louisville alongside several substantial public and private projects including a $500MM renovation of the Louisville International Airport, $200MM Churchill Downs racetrack expansion, $144MM UofL Hospital expansion, and recent opening of the area’s first Topgolf facility