SureStay Plus by Best Western Jasper 951 Wernsing Rd 64 Room Hotel Jasper, IN 47546 $2,500,000 ($39,063/Room)
INVESTMENT HIGHLIGHTS
- 64 Unit, 2 Story Interior Corridor Hotel in Excellent Condition
- Strong $80.97 ADR
- Perfect for Owner Operator - Strong Upside Potential
- Room Revenue in 2023: $603,000
- Recently Built New Lobby and Indoor Pool & Hot Tub
- 1.25 Hours from Louisville, KY
EXECUTIVE SUMMARY
The SureStay Plus by Best Western in Jasper, IN is a 64-unit, interior corridor hotel located in Southern Indiana on Hwy 231. The hotel is located directly on US-231 and 12 miles from Interstate 64, between Indianapolis, Evansville, and Louisville, with numerous attractions and businesses located nearby.
The hotel underwent a full-scale renovation in 2017, building a brand-new lobby, breakfast room, and indoor pool and hot tub as part of the conversion to SureStay Plus. The hotel features a fitness room, indoor pool and hot tub, snack bar, and lounge. The Hotel's ten kitchenette rooms cater to extended stay guests and are a unique offering in the City of Jasper.
The City of Jasper was named one of America's best cities to live in by USA today. The area is home to a thriving furniture industry, a robust advanced manufacturing base, and a growing logistics sector. Jasper attracts visitors year-round to various cultural offerings.
The hotel underwent a full-scale renovation in 2017, building a brand-new lobby, breakfast room, and indoor pool and hot tub as part of the conversion to SureStay Plus. The hotel features a fitness room, indoor pool and hot tub, snack bar, and lounge. The Hotel's ten kitchenette rooms cater to extended stay guests and are a unique offering in the City of Jasper.
The City of Jasper was named one of America's best cities to live in by USA today. The area is home to a thriving furniture industry, a robust advanced manufacturing base, and a growing logistics sector. Jasper attracts visitors year-round to various cultural offerings.
PROPERTY FACTS
| Price | $2,500,000 |
| Price Per Room | $39,063 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 32,000 SF |
| No. Rooms | 64 |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2017 |
| Parking Ratio | 3.5/1,000 SF |
| Corridor | Interior |
| Zoning | B3 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- On-Site Bar
- Public Access Wifi
- Smoke-Free
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 64 | $117.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,063,400 | |
| Land Assessment | $574,100 | Total Assessment | $1,637,500 |
