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

Data Room Click Here to Access

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 -

PROPERTY TAXES

zoning

Zoning Code Hounit (Hotel/Motel Unit)
  • Listing ID: 33451087

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 2270 N State St, Greenfield, IN 46140