Large Profitable Motel

$2,900,000

Illiana Properties is bringing to market the Indianapolis Travelodge. This large property has approximately 135 rooms and sits on approximately three acres. The property has undergone renovation and improvements in the last three years but still needs updating.

 

Roughly two thirds of the rooms are rented on a weekly basis and roughly one third are rented on a nightly basis. This property has an excellent location due to its access to 465 and Indiana Route 31. Currently this motel has a security guard six days a week. The revenues and margin are terrific and this property can benefit greatly from on-site ownership.

For further details, please execute our Confidentiality Agreement. You can email the Agreement back to john@illianaproperties.com or fax to 618-563-9310.
 

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