This Hospitality Property is no longer advertised on LoopNet.com.

251 Pennsylvania Pky
Indianapolis, IN 46280
Holiday Inn Indianapolis Carmel · Hospitality Property For Sale · 98,383 SF

Investment Highlights

  • Strategic Location
  • Attractive Basis: All-in project cost of ~$125k/key to 145K/key is below replacement cost
  • Strong Operating Base:

Property Facts

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 3.75 AC
Building Size 98,383 SF
No. Stories 6
Year Built/Renovated 1990/2022
Tenancy Single
Parking Ratio 1.36/1,000 SF
Corridor Interior
Zoning Commercial

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

Property Taxes

Property Taxes

Parcel Number
29-13-11-418-001.003-018
Land Assessment
$1,700,000
Improvements Assessment
$5,239,500
Total Assessment
$6,939,500
  • Listing ID: 35918952

  • Date on Market: 5/19/2025

  • Last Updated:

  • Address: 251 Pennsylvania Pky, Indianapolis, IN 46280

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