Residence Inn Merrillville, IN

Listing Agents

Mike Schlictman
T | 803.920.4173

Detailed Information
Property Highlights
  • Fee-simple interest in the 78-room Residence Inn Merrillville, IN offered at a fraction of replacement cost
  • Property offered for sale in the February 21st Ten-X auction event
  • Upscale, premium branded extended stay asset in a top-three MSA with T12 +$100 RevPAR and strong in-place yield for prospective investors
  • Offered unencumbered by debt and management with the upside potential in buyer taking over management
  • Ability to retain the Marriott flag for a long-term license upon completion of the PIP
  • Situated along Interstate-65 and US 30 in Greater Chicagoland with upwards of 170,000 vehicles passing the location daily
  • Proximate to all Merrillville area leisure demand including Southlake Mall, Deep River Waterpark, Lake County Fairgrounds, and Albanese Candy
  • Corporate demand includes Fortune 500 company NiSource, hospitality management company White Lodging, and Centier Bank, Indiana’s largest private bank
  • Located within 30 minutes of three casinos including Horseshoe Casino Hammond, Ameristar Casino, and Majestic Star Casino
  • Proximity to educational institutions like Purdue University Northwest, Purdue Research Foundation, and Ivy Tech Community College
  • Easily accessible to Chicago’s two primary airports – Midway International which recently completed a $74MM renovation, and O’Hare International Airport currently undergoing a massive $8.5B expansion and modernization
  • Ideally located in the Chicago MSA, home to approximately 9.4MM people – the third largest MSA in the US – while being located outside of Cook County, limiting tax liability for a prospective owner

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