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Sleep Inn Elkhart 220 Caravan Dr 67 Room Hotel Elkhart, IN 46514 $2,900,000 ($43,284/Room)
Investment Highlights
- Occupancy grew from 37.75% to 52.59% over the trailing two years, a nearly 15-point improvement
- Total revenue reached $785,180 in 2025, up 19.5% over 2024
- Positioned along the Elkhart/RV Capital of the World corridor with strong drive-to demand generators
- RevPAR climbed to $31.71 in 2025, surpassing 2023 levels despite softer ADR
- Established Choice Hotels franchise with national reservation and loyalty distribution
- Offered at $2,900,000 — approximately $43,284 per key
Executive Summary
Ellsbury Group is pleased to present the exclusive opportunity to acquire the Sleep Inn & Suites in
Elkhart, Indiana — a 67-room, 3-story limited-service hotel operating under the Choice Hotels Sleep
Inn brand.
Elkhart, Indiana — a 67-room, 3-story limited-service hotel operating under the Choice Hotels Sleep
Inn brand.
Property Facts
| Price | $2,900,000 | Building Size | 34,818 SF |
| Price Per Room | $43,284 | No. Rooms | 67 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1999/2004 |
| Property Subtype | Hotel | Parking Ratio | 1.75/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.14 AC | ||
| Zoning | ZO01 - Commercial | ||
| Price | $2,900,000 |
| Price Per Room | $43,284 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.14 AC |
| Building Size | 34,818 SF |
| No. Rooms | 67 |
| No. Stories | 3 |
| Year Built/Renovated | 1999/2004 |
| Parking Ratio | 1.75/1,000 SF |
| Corridor | Interior |
| Zoning | ZO01 - Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 14 | $162.00 | - |
| Guest Room | 53 | $144.00 | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 20-02-20-126-007.000-027 | Improvements Assessment | $1,887,100 |
| Land Assessment | $507,600 | Total Assessment | $2,394,700 |
Property Taxes
Parcel Number
20-02-20-126-007.000-027
Land Assessment
$507,600
Improvements Assessment
$1,887,100
Total Assessment
$2,394,700
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