Alexander's Landing Resort 5088 E Indiana Beach Rd

Introducing ALEXANDER’S LANDING, a charming lakefront resort hotel located at 5088 E INDIANA BEACH RD, MONTICELLO, INDIANA. Nestled on the shores of Lake Shafer, this picturesque property is just steps away from the renowned Indiana Beach Amusement Park. Boasting nine cozy units that can accommodate up to 56 guests, this turnkey hotel has a stellar reputation, solid financials, and a high ROI. The current NOI stands at $160,304, offering an attractive Cap Rate of 11.66%. Guests at ALEXANDER’S LANDING can bask in a year-round experience with stunning lake views, two-story deck access, and convenient docking for boats. The resort's well-appointed rooms feature kitchen facilities and spacious living areas, providing a comfortable retreat for families, groups, and corporate events. With multiple awards and a 4.5-star Google rating, this top-rated hotel is a sought-after destination for those seeking relaxation and adventure in Monticello, Indiana. Embrace the opportunity to own a thriving hospitality business in a prime waterfront location - ALEXANDER’S LANDING awaits!
PROPERTY OVERVIEW
Wisely Commercial Realty is pleased to offer for sale Alexander’s Landing located in Monticello, Indiana. Alexander’s Landing is located right on Lake Shafer and only 200 yards from the entrance to Indiana Beach. A great opportunity for a new buyer to purchase a 9-unit resort hotel that can accommodate up to 56 guests. The property has solid financials and a great reputation with many repeat guests. This is a turnkey opportunity for a buyer to step in and continue running the hotel. Rated the area’s top hotel in 2023.