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Quality Inn Huntingburg 406 E 22nd St

87 Room Hotel Huntingburg, IN 47542 $2,300,000 ($26,437/Room) 10.06% Cap Rate

Investment Highlights

  • The most appealing features of the property is a resort style lay out and remote, hill location
  • On site restaurant and bar
  • The proximity to area attractions

Executive Summary

The hotel is situated on 4.85 Acres land with ample parking for trucks, boats, and vehicles. The hotel has 88 guest rooms, outdoor pool, hot tub Splash Pad and a wading pool. The on site lease restaurant is the steady rental income for the hotel. The current restaurant owner is not using the bar/lounge at its highest potential. The Restaurant and Bar can be a good revenue stream for the owner, should they run it themselves.The restaurant is the most popular lunch and dinner place in town. This hotel is the perfect property for an owner operator. The pre covid average total revenue was $835,723. The current yearly revenue estimated $650,000. There is a tremendous upside potential for an owner operator. The current owner is an absentee, and focused on new development. The CAP rate is per pro forma budget.

Property Facts

Price $2,300,000
Price Per Room $26,437
Sale Type Investment
Cap Rate 10.06%
Sale Conditions
Business Value Included
  • Short Sale
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 4.85 AC
Building Size 70,000 SF
No. Rooms 87
No. Stories 2
Year Built/Renovated 1976/2022
Corridor Exterior

Amenities

  • Business Center
  • Restaurant
  • High Speed Internet Access
  • On-Site Bar
  • Outdoor Pool
  • Public Access Wifi
  • Hot Tub
  • Multi-Room Suites
  • Digital key
  • Fiber Optic Internet

About 406 E 22nd St , Huntingburg, IN 47542

The property is located on HWY 231, 8 miles of North of I-64, 5 miles South of Jasper between Louisville KY and St. louis. • 50 Minutes from Evansville regional airport, and hour & half from Louisville airport. two & half hours from Indianapolis, St louis MO, Nashville TN, Cincinnati OH • While you are here, you can visit to League Stadium, where “A League of Their Own” was filmed. Or hop in the car, drive to The Lincoln Boyhood Memorial, and get a glimpse of 1820s life on Abraham Lincoln’s family farm. Lincoln State Park and the Ohio River Scenic Byway are beautiful nearby sightseeing options. • Saint Meinard Archabbey Monastery and Sisters of Saint Benedict offer relaxation within driving distance. • If you’re looking for family fun, you can find that close by, too, at The Holiday World and Splashin’ Safari Water & Theme Park 16 miles away attract 1.3M visitors every summer. • Exciting destinations, scenic locations, and relaxation—you can find it all near Huntingburg. • 88 Rooms – King, Two Queen, Two Rooms Family Suite & Anniversary King Suite • Outdoor Seasonal Swimming and Wading Pool • Outdoor Hot Tub & Splash Pad • Leased authentic Mexican Restaurant & Bar on the premises • Ample Truck and Boat Parking • Only Hotel in City of Huntingburg • Farbest foods, OFS, Master Brand and Dubois woods manufacturing industries • Touch of Class and other furniture warehouses, OFS Trucking • Huntingburg Event Center hosts wedding, conferences & meetings • Franchise with Choice Hotels International till 2028. • The Hotel serve the cliental from the nearby attraction o Patoka Lake o Paoli Peak o French Lick o Santa Clause

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 13 $120.00 -
Guest Room 74 $80.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-11-27-200-004.000-020
Land Assessment
$245,100
Improvements Assessment
$849,400
Total Assessment
$1,094,500

zoning

Zoning Code B1 (Business)
B1 (Business)
  • Listing ID: 33506718

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 406 E 22nd St, Huntingburg, IN 47542

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