The Hoosier Inn 3527 W Coliseum Blvd 118 Room Hotel Fort Wayne, IN 46808 For Sale

The Hoosier Inn offers the opportunity to acquire a stabilized, independently operated extended-stay hotel in Fort Wayne, Indiana. The property consists of 118 guest rooms situated on a 6.37-acre site and was originally constructed in 1973. The hotel primarily operates on weekly and monthly stays, with an operating profile that closely resembles a multifamily property rather than a traditional nightly hotel. The asset is currently operating at approximately 80% occupancy, with seasonal demand driving occupancy levels into the 85%–95% range during peak summer months, reflecting consistent demand and durable performance.
The property is well positioned to serve long-term and workforce-oriented tenants seeking affordable, flexible housing solutions. Unit layouts and operating practices support extended lengths of stay, including eight rooms equipped with kitchenettes that further enhance livability and tenant retention. The hotel has benefited from recent interior renovations, including new flooring and updated case goods, improving overall unit quality while maintaining affordability. Additional on-site amenities include a banquet room and full commercial kitchen, providing flexibility for group use, contracted stays, or alternative income strategies depending on ownership objectives.
As an independent hotel, the Hoosier Inn provides incoming ownership with significant operational flexibility, free from franchise mandates, recurring brand fees, or required capital improvement programs. This independence allows ownership to continue operating the property in a multifamily-style model focused on longer-term occupancy, or selectively adjust pricing, tenant mix, and operational strategy to further enhance cash flow and stability.
Fort Wayne continues to experience steady population and economic growth supported by a diversified employment base that includes healthcare, manufacturing, logistics, and professional services. The local housing market remains constrained, with average apartment rents nearing $1,000 per month for one-bedroom units and exceeding $1,200 for two-bedroom units in many submarkets. These conditions reinforce demand for affordable housing alternatives, positioning extended-stay properties like the Hoosier Inn as an important supplement to the traditional rental housing supply.
The combination of stabilized occupancy, weekly and monthly tenancy, recent capital improvements, and a large underlying land parcel presents investors with a compelling opportunity to acquire a cash-flowing asset that bridges the gap between hospitality and multifamily. With continued alignment to workforce housing demand and affordable living needs, the Hoosier Inn offers near-term income stability and long-term value potential in a growing Midwest market.