951 Wernsing Rd - Hospitality FOR SALE


Jasper, IN 47546
$2,500,000 USD
818-357-5156
951 Wernsing Rd, Jasper, IN for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

951 Wernsing Rd
Jasper, IN 47546


HIGHLIGHTS

  • 64 Unit, 2 Story Interior Corridor Hotel in Excellent Condition
  • Room Revenue in 2023: $603,000
  • Strong $80.97 ADR
  • Recently Built New Lobby and Indoor Pool & Hot Tub
  • Perfect for Owner Operator - Strong Upside Potential
  • 1.25 Hours from Louisville, KY

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$78 USD /SF

# OF ROOMS

64

PRICE/ROOM

$39,063 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SureStay Plus by Best Western Jasper

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

112

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,505 SF

ZONING

B3

APN/PARCEL ID

19-11-03-100-008.000-002,19-11-03-100-008.001-002,19-11-03-100-009.000-002,19-11-03-100-009.002-002,19-11-03-100-014.000-002

ASK ABOUT THIS PROPERTY

Eric WoldAmber Hotel CompanyMore Info
818-357-5156

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Eric WoldAmber Hotel CompanyMore Info
818-357-5156

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.