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7101 Highway 41 N
Evansville, IN 47725
Holiday Inn Evansville · Hospitality Property For Sale
·
148,186 SF
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 148,186 SF |
| Property Subtype | Hotel | No. Stories | 5 |
| Building Class | B | Year Built | 1987 |
| Lot Size | 6.67 AC | Parking Ratio | 2.25/1,000 SF |
| Construction Status | Converted | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 6.67 AC |
| Construction Status | Converted |
| Building Size | 148,186 SF |
| No. Stories | 5 |
| Year Built | 1987 |
| Parking Ratio | 2.25/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- On-Site Bar
- Meeting Event Space
ABOUT 7101 HIGHWAY 41 N , EVANSVILLE, IN 47725
Cushman & Wakefield Global Hospitality Group has been retained by Omninet Hotel LP (the "Seller") to offer for sale the fee simple interest in the 199-room Holiday Inn Evansville (the "Hotel") located at 7101 U.S. Highway 41 North in Evansville, IN. The Hotel is situated in the Evansville, IN-KY metropolitan statistical area ("MSA"), the regional hub for the Illinois-Indiana-Kentucky Tri-State area and the third largest city in Indiana behind Indianapolis and Fort Worth. The Hotel is 1.5 miles from Evansville Regional Airport (4-minute shuttle ride) and is proximate to Evansville’s central business district with a variety of corporate, medical, manufacturing, and leisure demand generators. Omninet Hotel LP acquired the Hotel in early 2011 and converted from a Marriott to a Holiday Inn in February 2011. The Seller completed an extensive PIP of more than $2.7 million, which included upgrades to the restaurant, bar and atrium, new carpets and paint, updated bathrooms, and FF&E replacement, among other areas. The Property received the 2012 Renovation Award from InterContinental Hotel Group ("IHG") given the quality and extensive nature of the improvements. The Hotel is located on 6.7 acres of land, is approximately 160,000 SF, 5-story, built in 1988 with approximately 11,000 SF of meeting/event space (which can accommodate over 500 people), full service restaurant, lounge, large atrium, lobby area, indoor pool and Jacuzzi, fitness center, laundry room, public restrooms, maintenance shop, and 350 parking spaces. Unencumbered by management, with a market-leading brand, this offering provides exceptional upside opportunity at a very compelling basis for a conveniently located, well branded asset. **For all property related questions, please contact Daniel MacDonnell at (310) 228-1420 or George Qiao at (310) 228-1430.** Property listed by: Chris Yeakey - RB14040649 - Chris.Yeakey@cushwake.com
PROPERTY TAXES
| Parcel Number | 82-04-33-002-140.005-019 | Improvements Assessment | $10,324,300 |
| Land Assessment | $870,300 | Total Assessment | $11,194,600 |
PROPERTY TAXES
