7101 Highway 41 N
Evansville, IN 47725
Auction:11/13 - 11/15: Holiday Inn · Hospitality Property For Sale · 148,186 SF

NON-STRATEGIC HOTEL BEING SOLD BY MOTIVATED INSTITUTION Property Tour and Contact Detail Information: Property tours are available by appointment on the dates listed below. Please contact the listing broker to schedule a tour of the property. Tuesday October 31st and Wednesday November 1st Tuesday November 7th and Wednesday November 8th Investment Highlights: CONVENIENT LOCATION The Property is conveniently located 2 miles from the Evansville Regional Airport (4 minute drive). The Evansville Regional Airport offers access to hundreds of domestic and international destinations via Allegiant, American Airlines, Delta, and United Airlines. Additionally, frequent daily direct flights include destinations such as Atlanta, Dallas, Detroit, Charlotte, Orlando, and Chicago. The Property also benefits from excellent visibility as situated along the east side of US highway 41 driving traffic from major Midwestern cities, including: Louisville, Cincinnati, Indianapolis, and Chicago. The Port of Evansville on the Ohio River also makes the City of Evansville a stopping point for large scale shipping operations. The Hotel's Tri-State location and easy access to major thoroughfares an The Hotel's Tri-State location and easy access to major thoroughfares and three different regional expressways allow the Hotel to benefit from its close proximity to the business community and access to a large diverse labor pool. Aside from its attractive Midwest location, the City of Evansville itself is a major selling-point due to its low crime rate, affordable housing, excellent public and private school systems, and engaging cultural and outdoor activities. MATERIAL VALUE-ADD OPPORTUNITY The Seller is an established investment firm based in Los Angeles which acquired the Property as part of a portfolio of assets in 2011. The Property is the only hotel in the portfolio of over 10 million SF of office and retail properties. Because hotels are not part of the Seller's core strategy, this asset has higher than normal operating costs and resulting in lower NOI margins. An experienced hotel investor will have the rare opportunity to add value by capturing several high quality revenue streams with significant cost savings from improved operational efficiencies. Additionally, there is an opportunity to implement a lighting retrofit project which will create immediate cost savings in