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Holiday Inn Express & Suites Elkhart-South 3610 S Nappanee St 70 Room Hotel Elkhart, IN 46517 $6,700,000 ($95,714/Room)
Executive Summary
McKinnies Realty is pleased to present the Holiday Inn Express & Suites Elkhart-South, an IHG Hotel, a 70-room, three-story upper-midscale asset located at 3610 S Nappanee Street in Elkhart, Indiana. The property is offered at $6,700,000.
This IHG-branded hotel has demonstrated consistent market leadership. The property’s sustained outperformance reflects strong management, stable corporate demand, and competitive positioning within the submarket.
Property Highlights
70 guestrooms | Three stories
Indoor heated pool
Fitness center
Business center
Complimentary breakfast area
All PTAC units recently replaced
Strong IHG brand affiliation
Strategic Location – “RV Capital of the World”
Elkhart anchors the Elkhart-Goshen MSA and is nationally recognized as the “RV Capital of the World.” The area supports a diverse manufacturing economy including recreational vehicles, musical instruments, pharmaceuticals, electronic components, and manufactured housing.
Major nearby employers include:
Forest River (4.8 miles)
Thor Motor Coach (7.8 miles)
Bennington Pontoon Boats (9.5 miles)
Keystone RV (17.5 miles)
NIBCO Incorporated (5.6 miles)
Elkhart Brass Manufacturing (3.6 miles)
The Hotel also benefits from proximity to University of Notre Dame (16.4 miles; 12,000+ enrollment) and five additional colleges, driving year-round visitation and event-based compression demand.
Diverse Leisure Demand Generators
Leisure attractions supporting occupancy include:
RV/MH Hall of Fame & Museum
Elkhart County 4-H Fair (200,000+ annual attendees)
Ruthmere Campus & Midwest Museum of American Art
Amish tourism destinations including The Barns in Nappanee
Blue Gate Theatre (1,500-seat venue)
Economic Growth & Development
Elkhart continues to experience meaningful investment and expansion, including:
$7.3 million Indiana Toll Road entrance revitalization
Voyant Beauty 20,000 SF manufacturing expansion
South Main mixed-use development
Amazon’s new 800,000 SF fulfillment center
Additionally, upper-midscale RevPAR in the South Bend/Elkhart submarket increased 4.1% in 2024, reinforcing positive market fundamentals.
The Holiday Inn Express & Suites Elkhart-South presents investors with an opportunity to acquire a well-maintained, nationally branded hotel demonstrating sustained RevPAR outperformance in a diversified and growing Midwestern market.
For additional information, financials, or to schedule a tour, please contact the listing team.
This IHG-branded hotel has demonstrated consistent market leadership. The property’s sustained outperformance reflects strong management, stable corporate demand, and competitive positioning within the submarket.
Property Highlights
70 guestrooms | Three stories
Indoor heated pool
Fitness center
Business center
Complimentary breakfast area
All PTAC units recently replaced
Strong IHG brand affiliation
Strategic Location – “RV Capital of the World”
Elkhart anchors the Elkhart-Goshen MSA and is nationally recognized as the “RV Capital of the World.” The area supports a diverse manufacturing economy including recreational vehicles, musical instruments, pharmaceuticals, electronic components, and manufactured housing.
Major nearby employers include:
Forest River (4.8 miles)
Thor Motor Coach (7.8 miles)
Bennington Pontoon Boats (9.5 miles)
Keystone RV (17.5 miles)
NIBCO Incorporated (5.6 miles)
Elkhart Brass Manufacturing (3.6 miles)
The Hotel also benefits from proximity to University of Notre Dame (16.4 miles; 12,000+ enrollment) and five additional colleges, driving year-round visitation and event-based compression demand.
Diverse Leisure Demand Generators
Leisure attractions supporting occupancy include:
RV/MH Hall of Fame & Museum
Elkhart County 4-H Fair (200,000+ annual attendees)
Ruthmere Campus & Midwest Museum of American Art
Amish tourism destinations including The Barns in Nappanee
Blue Gate Theatre (1,500-seat venue)
Economic Growth & Development
Elkhart continues to experience meaningful investment and expansion, including:
$7.3 million Indiana Toll Road entrance revitalization
Voyant Beauty 20,000 SF manufacturing expansion
South Main mixed-use development
Amazon’s new 800,000 SF fulfillment center
Additionally, upper-midscale RevPAR in the South Bend/Elkhart submarket increased 4.1% in 2024, reinforcing positive market fundamentals.
The Holiday Inn Express & Suites Elkhart-South presents investors with an opportunity to acquire a well-maintained, nationally branded hotel demonstrating sustained RevPAR outperformance in a diversified and growing Midwestern market.
For additional information, financials, or to schedule a tour, please contact the listing team.
Property Facts
| Price | $6,700,000 | Building Size | 62,494 SF |
| Price Per Room | $95,714 | No. Rooms | 70 |
| Sale Type | Investment | No. Stories | 3 |
| Sale Condition | Business Value Included | Year Built/Renovated | 2004/2017 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.97/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 6.40 AC | ||
| Zoning | ZO01 | ||
| Price | $6,700,000 |
| Price Per Room | $95,714 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 6.40 AC |
| Building Size | 62,494 SF |
| No. Rooms | 70 |
| No. Stories | 3 |
| Year Built/Renovated | 2004/2017 |
| Tenancy | Single |
| Parking Ratio | 1.97/1,000 SF |
| Corridor | Interior |
| Zoning | ZO01 |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 28 | $142.00 | - |
| Guest Room | 42 | $135.00 | - |
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Property Taxes
| Parcel Number | 20-06-19-151-011.000-011 | Improvements Assessment | $3,689,700 |
| Land Assessment | $447,000 | Total Assessment | $4,136,700 |
Property Taxes
Parcel Number
20-06-19-151-011.000-011
Land Assessment
$447,000
Improvements Assessment
$3,689,700
Total Assessment
$4,136,700
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Holiday Inn Express & Suites Elkhart-South | 3610 S Nappanee St
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