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8018 Delaware Pl
Merrillville, IN 46410
 Residence Inn Merrillville · Hospitality Property For Sale · 54,350 SF

Hotels Indiana Merrillville 8018 Delaware Pl, Merrillville, IN 46410

Investment Highlights

  • Fee-simple interest in the 78-room Residence Inn Merrillville, IN offered at a fraction of replacement cost.
  • Upscale, premium branded extended stay asset in a top-three MSA with T12 +$100 RevPAR and strong in-place yield for prospective investors.
  • Ability to retain the Marriott flag upon completion of the PIP.
  • Property Tours February 6th & 7th by appointment only. Property offered for sale in the February 22nd Ten-X auction event.
  • Offered unencumbered by debt and management with the upside potential in buyer taking over management.
  • Situated along Interstate-65 and US 30 in Greater Chicagoland with upwards of 170,000 vehicles passing the location daily.

Property Facts

Sale Condition Auction Sale No. Stories 3
Type of Ownership Fee Simple Year Built/Renovated 1996/2012
Property Type Hospitality Tenancy Single
Property Subtype Hotel Parking Ratio 2.19/1,000 SF
Building Class B Corridor Interior
Lot Size 2.67 AC Parcel Numbers
45-12-22-153-004.000-030
  • 45-12-22-177-001.000-030
Building Size 54,350 SF
Zoning C3
Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.67 AC
Building Size 54,350 SF
No. Stories 3
Year Built/Renovated 1996/2012
Tenancy Single
Parking Ratio 2.19/1,000 SF
Corridor Interior
Zoning C3
Parcel Numbers
45-12-22-153-004.000-030
  • 45-12-22-177-001.000-030

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Convention Hotel
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites
 

  • Listing ID: 30431486

  • Date on Market: 12/22/2023

  • Last Updated:

  • Address: 8018 Delaware Pl, Merrillville, IN 46410

The Hospitality Property at 8018 Delaware Pl, Merrillville, IN 46410 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

HOSPITALITY PROPERTIES IN NEARBY NEIGHBORHOODS

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8018 Delaware Pl, Merrillville, IN for sale Building Photo- Image 1 of 1
Ample Parking Surrounds the Parking
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