Magnuson Hotel
$2,100,000
522 East Coliseum Boulevard, Fort Wayne, IN 46805
15,921 sqft
Building Size
0.78 acres
Lot Area
Details:
Highlights:
- 43 Units: 3 story Interior Corridor
- Offered at $48,837 / Key, 3.5x RRM
- Trailing Twelve Month Revenue: $603,700; 69% YOY Improvement
- Strategic Location: Close Proximity to Memorial Coliseum Event Center and Purdue University- Fort Wayne. Easy access to Interstate 69
- Upside Potential: Group Contracts & Extended Stay
- Fort Wayne Market has increased 9.8% in RevPAR Year over Year
Description:
Jayesh Bhima is delighted to present an exceptional investment opportunity: the Magnuson Hotel in Fort Wayne, strategically positioned near the renowned Allen County War Memorial Coliseum. This well-established, 43-guestroom midscale property, spread over three stories with convenient interior corridors, offers both comfort and accessibility. Its prime location provides effortless access to Interstate 69, a major thoroughfare, and is just 11 miles from Fort Wayne Airport, ensuring ease of travel for guests.
Beyond its immediate proximity to the Allen County War Memorial Coliseum – a major draw for concerts, sporting events, and trade shows – the hotel benefits from being within walking distance of this bustling venue.
Further enhancing its appeal, the Magnuson Hotel is surrounded by popular family-friendly attractions including the engaging Science Central and the highly-rated Fort Wayne Children's Zoo, consistently voted a top summer attraction in Indiana. The hotel also offers complimentary breakfast and free Wi-Fi, enhancing the guest experience.
Location
Gallery
