Indiana Lake Resort 4983 E Indiana Beach Rd 90 Room Hotel Monticello, IN 47960 $6,500,000 ($72,222/Room)

Chiafos Resorts is a newly renovated, waterfront lodging asset located immediately outside the entrance to Indiana Beach Amusement & Water Park in Monticello, Indiana. The property consists of 55 total units across a diversified mix, including two-story and single-story two-bedroom units as well as hotel-style rooms with kitchens, allowing for flexible operating strategies across extended stay, nightly lodging, or a true resort model. The asset has undergone a comprehensive renovation program, with capital improvements including new siding, roofs, porches, kitchens, bathrooms, flooring, doors, and exterior finishes, positioning the property with minimal near-term capital requirements.
The resort sits directly on the water and includes 12 completed boat docks, with approvals in place for up to 36 total docks, creating a strong value driver tied to lake access and seasonal demand. Ancillary improvements include a 40’ x 60’ maintenance pole barn with bathroom facilities, providing on-site storage, operations support, or additional income potential. The property is currently operated as an extended-stay lodging asset, benefiting from consistent workforce and seasonal demand, while retaining the ability to transition seamlessly into a higher-rate resort or short-term rental operation given its unit mix, waterfront setting, and proximity to Indiana Beach.
From an investment perspective, Indiana Lake Resort benefits from an irreplaceable location at the front gate of one of the Midwest’s most visited regional amusement destinations, combined with immediate access to Lake Shafer and surrounding recreational amenities. White County’s diversified employment base, driven by tourism, manufacturing, utilities, healthcare, and public services, supports year-round demand, while limited competing waterfront inventory reinforces long-term value. The combination of brand-new construction quality, operational flexibility, waterfront infrastructure, and proximity to Indiana Beach positions the asset as a durable, cash-producing hospitality investment with multiple paths for revenue expansion and value enhancement.