Sonesta Essential Indianapolis Airport 6109 Cambridge Way 67 Room Hotel Plainfield, IN 46168 $6,000,000 ($89,552/Room)
INVESTMENT HIGHLIGHTS
- Underperforming Hotel Owned by an Out-of-State Owner
- Ideally Located off I-70 with 66,162 (2023) Average Daily Traffic (ADT) and Quaker Blvd/IN-267 with 31,206 (2024) ADT | Near Several Business Distribu
- Nearby Attractions Include Echo Hollow Nature Park, Hendricks County Fairgrounds, Indianapolis Zoo, and More
- Sonesta Essential, With Operational Upside, Such as Adding an Airport Shuttle and Reopening the Lobby Bar (Liquor License Included in the Sale)
- Minutes to Indianapolis International Airport (IND), Serving 10M+ Passengers in 2024, and Consistently Ranked #1 Best Airport in North America
- 14 Miles to Indianapolis Motor Speedway, Home of the Indy 500, Contributing $566.4 Million to Indiana's Economy in 2023
EXECUTIVE SUMMARY
Josh Caruana // Broker of Record // License IN RB14034355
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Sonesta Essential Indianapolis Airport a four-story limited service hotel located in Plainfield, Indiana. The hotel consists of 67 guest rooms and offers amenities including a heated indoor pool, meeting room, business center, fitness center, spacious lobby/great room, guest laundry facilities and complimentary breakfast.
The Sonesta Essential Indianapolis Airport is strategically located just minutes from Indianapolis International Airport, off Interstate 70. With close proximity to the state capital, Indianapolis, the hotel provides seamless access to the city's key business and cultural landmarks. The hotel is also near prominent attractions such as Echo Hollow Nature Park, the Indianapolis Zoo, and the Hendricks County Fairgrounds.
The Sonesta Essential Indianapolis Airport represents the opportunity to acquire franchised hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Indianapolis region.
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Sonesta Essential Indianapolis Airport a four-story limited service hotel located in Plainfield, Indiana. The hotel consists of 67 guest rooms and offers amenities including a heated indoor pool, meeting room, business center, fitness center, spacious lobby/great room, guest laundry facilities and complimentary breakfast.
The Sonesta Essential Indianapolis Airport is strategically located just minutes from Indianapolis International Airport, off Interstate 70. With close proximity to the state capital, Indianapolis, the hotel provides seamless access to the city's key business and cultural landmarks. The hotel is also near prominent attractions such as Echo Hollow Nature Park, the Indianapolis Zoo, and the Hendricks County Fairgrounds.
The Sonesta Essential Indianapolis Airport represents the opportunity to acquire franchised hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Indianapolis region.
PROPERTY FACTS
| Price | $6,000,000 |
| Price Per Room | $89,552 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.22 AC |
| Building Size | 42,320 SF |
| No. Rooms | 67 |
| No. Stories | 4 |
| Year Built/Renovated | 2009/2023 |
| Tenancy | Single |
| Parking Ratio | 1.68/1,000 SF |
| Corridor | Interior |
| Zoning | GC - Hotel |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 18 | $194.00 | - |
| Guest Room | 49 | $152.00 | - |
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PROPERTY TAXES
| Parcel Number | 32-15-12-210-013.000-012 | Improvements Assessment | $3,941,300 |
| Land Assessment | $457,500 | Total Assessment | $4,398,800 |
