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Candlewood Suites Mishawaka 1220 E Douglas Rd 70 Room Hotel Granger, IN 46530 $5,200,000 ($74,286/Room)
Investment Highlights
- 2017 construction with modern standards and reduced near-term capital expenditure needs.
- Near University of Notre Dame (±13,000 students) and Saint Mary's College (±1,600 students).
- 5-mile population of 145,000 with average household income of $90,000.
- Absentee ownership — opportunity for hands-on management and operational efficiencies.
- Part of IHG Hotels & Resorts portfolio — well-recognized extended-stay brand.
- Located near Interstate 90/Indiana Toll Road with ±17,000 vehicles per day on E Douglas Rd.
Executive Summary
Luke Whittaker and Mitchell Glasson are pleased to present the opportunity to acquire the Candlewood Suites Mishawaka, a well-located extended-stay hotel positioned in one of Northern Indiana’s strongest lodging markets. Situated near Interstate 90/Indiana Toll Road and major commercial corridors, the property benefits from excellent accessibility throughout the Mishawaka–South Bend market. The hotel is supported by a diverse mix of demand generators, including the University of Notre Dame, Saint Mary’s College, Indiana University South Bend, and numerous corporate, healthcare, and manufacturing employers. Mishawaka’s strong economic base provides consistent year-round lodging demand, while proximity to University Park Mall, Eddy Street Commons, and Downtown South Bend supports additional leisure and weekend demand. The Candlewood Suites brand, part of the IHG Hotels & Resorts portfolio, offers investors the opportunity to acquire a well-recognized extended-stay asset with strong market fundamentals and multiple avenues for future revenue growth.
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
RB17001213, RC52200195 (IN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
RB17001213, RC52200195 (IN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $5,200,000 | Building Size | 38,316 SF |
| Price Per Room | $74,286 | No. Rooms | 70 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2017 |
| Property Subtype | Hotel | Parking Ratio | 0.33/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 3.20 AC | ||
| Zoning | C-1 - General Commercial | ||
| Price | $5,200,000 |
| Price Per Room | $74,286 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.20 AC |
| Building Size | 38,316 SF |
| No. Rooms | 70 |
| No. Stories | 4 |
| Year Built | 2017 |
| Parking Ratio | 0.33/1,000 SF |
| Corridor | Interior |
| Zoning | C-1 - General Commercial |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 70 | $89.00 | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 71-04-27-400-057.000-036 | Improvements Assessment | $3,636,400 |
| Land Assessment | $794,000 | Total Assessment | $4,430,400 |
Property Taxes
Parcel Number
71-04-27-400-057.000-036
Land Assessment
$794,000
Improvements Assessment
$3,636,400
Total Assessment
$4,430,400
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