Listing Summary
RAD Commercial Realty is pleased to present a high-potential, off-market investment opportunity in the Indiana hospitality sector.
Full Description
Off-Market Hospitality Acquisition: Value-Add Marriott Portfolio Opportunity
180 Keys | Strategic Indiana Market | Substantial Yield Upside Post-PIP
RAD Commercial Realty is pleased to present a high-potential, off-market investment opportunity in the Indiana hospitality sector. Offered at $15,000,000, this 180-key Marriott-branded asset represents a classic "Value-Add" play for sophisticated investors looking to capture market share in a region defined by resilient corporate and institutional demand. With a motivated seller and an attractive cost basis of approximately $83,000 per key, this property is perfectly positioned for a comprehensive capital improvement strategy that will drive significant RevPAR growth and long-term asset appreciation.
The Investment Thesis: Strategic Repositioning
This acquisition is designed for the "Opportunistic" or "Value-Add" investor who recognizes the power of a premier global flag like Marriott when combined with modernized physical infrastructure.
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The PIP Opportunity: The property requires a $4M–$5M Property Improvement Plan (PIP). By executing this modernization, the incoming owner can reset the hotel’s lifecycle, aligning it with Marriott’s latest brand standards and allowing for a substantial "mark-to-market" increase in Average Daily Rates (ADR).
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Motivated Seller Advantage: The off-market nature of this deal, combined with a motivated ownership group, provides a rare window for a discreet acquisition with favorable terms and a clear path to closing.
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Scale & Efficiency: At 180 keys, the property offers the operational scale necessary to support professional third-party management while maintaining lean operating margins common in the Indiana market.
Market Dynamics & Demand Drivers
Indiana remains a powerhouse for hospitality demand, driven by a stable mix of manufacturing, healthcare, and higher education. This Marriott asset is strategically situated to benefit from:
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Robust Corporate Hubs: Proximity to major industrial and logistics corridors ensures a consistent "Monday through Thursday" corporate traveler base.
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Institutional Stability: The Indiana market is anchored by major universities and medical centers, providing a secondary layer of "recession-proof" weekend demand for athletic events and graduations.
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Supply-Constrained Environment: Given the rising costs of new construction and high interest rates, acquiring a 180-key Marriott at this basis—even including the PIP—is significantly more cost-effective than developing a comparable new-build hotel.
Financial Outlook & Potential Yield
Post-renovation, this asset is expected to outperform its competitive set by capturing "flight-to-quality" travelers who prioritize the Marriott Bonvoy ecosystem.
| Metric |
Property Detail |
| Asset Type |
Hospitality (Hotel) |
| Brand Affiliation |
Marriott |
| Total Keys |
180 |
| Listing Price |
$15,000,000 |
| Estimated PIP |
$4M – $5M |
| Year Built |
2004 |
| Market |
Indiana (Strategic Demand Node) |
Confidential Inquiry & Underwriting
Due to the off-market and confidential nature of this offering, specific location details, STR reports, and detailed P&L statements are available only to qualified parties upon registration.
To begin your due diligence, please register at www.radcre.com or contact Majid directly at majid@radcre.com or 818-334-2111.
Financing & Advisory: For investors seeking bridge-to-permanent financing or specialized PIP loans for this Indiana acquisition, RAD Capital Group offers bespoke debt solutions designed for hospitality repositioning projects. Visit www.radcapgroup.com to explore our lending platforms.
Quick Glance
- Listing ID:
CL-Indiana-27515
- Status:
Active
- Year Build:
N/A
- Building Size:
N/A
- Lot Size:
N/A