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Red Roof Inn Indianapolis North - College 9520 Valparaiso Ct 99 Room Hotel Indianapolis, IN 46268 $5,400,000 ($54,545/Room)
INVESTMENT HIGHLIGHTS
- 108-key, 100% smoke-free economy hotel
- Located off I-465 (Exit 27) bordering Carmel & Zionsville
- Guest room renovations completed in 2024
EXECUTIVE SUMMARY
Red Roof Inn Indianapolis North – College Park is a 108-key, 100% smoke-free economy hotel at I-465 Exit 27, serving the fast-growing Carmel/Zionsville corridor and greater
Indianapolis. The property features in-room microwaves and mini-refrigerators, free Wi-Fi, guest laundry, and pet-friendly rooms. Guestroom renovations completed in 2024 with no near-term brand PIP reported, offering a turnkey, interstate-visible asset with operational upside.
Situated just off I-465 at Exit 27 near the U.S-421/Michigan Road corridor, Red Roof Inn Indy North offers quick, loop-belt access to downtown and the North Side. The site sits on the borders of burgeoning Carmel and Zionsville, putting guests within easy reach of award-winning cities, amenities, major employers, shopping, dining, and attractions while maintaining convenient interstate visibility and access.
Indianapolis. The property features in-room microwaves and mini-refrigerators, free Wi-Fi, guest laundry, and pet-friendly rooms. Guestroom renovations completed in 2024 with no near-term brand PIP reported, offering a turnkey, interstate-visible asset with operational upside.
Situated just off I-465 at Exit 27 near the U.S-421/Michigan Road corridor, Red Roof Inn Indy North offers quick, loop-belt access to downtown and the North Side. The site sits on the borders of burgeoning Carmel and Zionsville, putting guests within easy reach of award-winning cities, amenities, major employers, shopping, dining, and attractions while maintaining convenient interstate visibility and access.
PROPERTY FACTS
| Price | $5,400,000 | Building Size | 32,640 SF |
| Price Per Room | $54,545 | No. Rooms | 99 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1979/2024 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 3.25/1,000 SF |
| Lot Size | 2.74 AC | Corridor | Exterior |
| Zoning | C4 | ||
| Price | $5,400,000 |
| Price Per Room | $54,545 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.74 AC |
| Building Size | 32,640 SF |
| No. Rooms | 99 |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2024 |
| Tenancy | Single |
| Parking Ratio | 3.25/1,000 SF |
| Corridor | Exterior |
| Zoning | C4 |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 99 | $79.00 | - |
PROPERTY TAXES
| Parcel Number | 49-03-18-105-006.000-600 | Improvements Assessment | $644,000 |
| Land Assessment | $937,700 | Total Assessment | $1,581,700 |
PROPERTY TAXES
Parcel Number
49-03-18-105-006.000-600
Land Assessment
$937,700
Improvements Assessment
$644,000
Total Assessment
$1,581,700
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