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Quality Inn Franklin I-65 150 Lovers Ln 45 Room Hotel Franklin, IN 46131 $2,399,000 ($53,311/Room) 7.50% Cap Rate
Investment Highlights
- Hwy 65 Exit Location
- Restaurants near by
Executive Summary
high-visibility, prime location Quality Inn for sale, ideally situated at a busy Hwy 65 exit in a prominent college town, offering exceptional investment potential for an owner-operator. This well-maintained property features modern, brand-consistent guest rooms, strong revenue potential from tourism/university traffic, and includes owner’s quarters, making it an excellent opportunity for hands-on management.
Property Facts
| Price | $2,399,000 | Lot Size | 1.30 AC |
| Price Per Room | $53,311 | Building Size | 20,844 SF |
| Sale Type | Investment | No. Rooms | 45 |
| Cap Rate | 7.50% | No. Stories | 2 |
| Sale Condition | Bulk/Portfolio Sale | Year Built/Renovated | 1997/2001 |
| Property Type | Hospitality | Parking Ratio | 2.83/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | ||
| Zoning | Hotel - Hotel(411) | ||
| Price | $2,399,000 |
| Price Per Room | $53,311 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.30 AC |
| Building Size | 20,844 SF |
| No. Rooms | 45 |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2001 |
| Parking Ratio | 2.83/1,000 SF |
| Corridor | Interior |
| Zoning | Hotel - Hotel(411) |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $153.00 | - |
| Guest Room | 41 | $91.00 | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 41-07-18-034-003.000-018 | Improvements Assessment | $660,200 |
| Land Assessment | $782,800 | Total Assessment | $1,443,000 |
Property Taxes
Parcel Number
41-07-18-034-003.000-018
Land Assessment
$782,800
Improvements Assessment
$660,200
Total Assessment
$1,443,000
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Lumina Pebble
Quality Inn Franklin I-65 | 150 Lovers Ln
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