Quality Inn & Suites Greenfield I-70 2270 N State St
96 Room Hotel Greenfield, IN 46140 $5,750,000 ($59,896/Room)
Executive Summary
-Midscale Trend Report Average RevPAR of $83 for the Last Two Years
-96 Keys Listed at $59,895 Per Key
-Severely Mismanaged by Court Appointed Receivership since 2020
-2-Story Grand Entrance & Lobby
-Largest Meeting Room Space in Greenfield; 730 SQFT & can accommodate 50 People.
-An Approval for a $500,000,000, 200-acre Development is to Be Built a Few Miles Away from the Property, including a 26,000 square feet conference center to accommodate 600 people
-Includes 3 Highly Sought After Billboard Leases Reaching 1,800,000 Adults Per Month
-First Visible Property off Interstate 70
-Located in USDA Zone
-Only Best Western within 21 Miles
-96 Keys Listed at $59,895 Per Key
-Severely Mismanaged by Court Appointed Receivership since 2020
-2-Story Grand Entrance & Lobby
-Largest Meeting Room Space in Greenfield; 730 SQFT & can accommodate 50 People.
-An Approval for a $500,000,000, 200-acre Development is to Be Built a Few Miles Away from the Property, including a 26,000 square feet conference center to accommodate 600 people
-Includes 3 Highly Sought After Billboard Leases Reaching 1,800,000 Adults Per Month
-First Visible Property off Interstate 70
-Located in USDA Zone
-Only Best Western within 21 Miles
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Price | $5,750,000 |
Price Per Room | $59,896 |
Sale Type | Investment |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 3.29 AC |
Building Size | 52,704 SF |
No. Rooms | 96 |
No. Stories | 2 |
Year Built/Renovated | 1986/2009 |
Parking Ratio | 1.92/1,000 SF |
Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Suite | 16 | $139.00 | - |
Guest Room | 80 | $105.00 | - |
1 of 1
PROPERTY TAXES
Parcel Number | 30-07-20-400-002.001-009 | Improvements Assessment | $417,000 |
Land Assessment | $884,300 | Total Assessment | $1,301,300 |
zoning
Zoning Code | Hounit (Hotel/Motel Unit) |