Hampton Inn & Suites Valparaiso, IN

1451 Silhavy Road, Valparaiso, IN

Market Price

Price

2.14 acres

Lot Area

77

Keys

Gallery
Street
Map
Overview
Lot Area
2.14 acres
Keys
77
Year Built
2001
Management
Unencumbered
Floors
3
Parking Spots
80
Year Last Renovated
2023
Description

RI Marketplace Online Auction April 29 – May 1, 2024
Register to Bid on Marketplace:

https://rimarketplace.com/auction/1915/hampton-inn-suites-valparaiso-in?utm_source=brevitas&utm_medium=listing&utm_campaign=hospitality_1915

Hodges Ward Elliott, in conjunction with RI Marketplace, is pleased to offer the strategically located, 77-room Hampton Inn & Suites. With direct links to I-65, I-80, I-90, and I-94, as well as the Canadian National railroad, the city facilitates easy access across the U.S. and into Canada. The property has a competitive edge with no new hotel supply within a 15-mile radius, and it is enriched by the city's flourishing leisure scene and robust submarket trends. Positioned to leverage Valparaiso's economic growth, vibrant academic atmosphere, and lively leisure activities, the Hampton Inn & Suites seamlessly integrates into the region's storied transportation history, contributing to its continued connectivity and prosperity.

Dennis Jackson, Auctioneer
IN License: AU01014422

Highlights
  • Major transportation hub
  • Offered unencumbered of debt and management
  • The city is anchored by Valparaiso University, a distinguished private institution
  • Fully renovated product, with a new owner responsible for minimal PIP requirements
  • Dominant brand and distribution system
  • There are currently no hotels under construction in a 15-mile radius from the Hampton Inn & Suites Valparaiso
  • Year End 2023 ADR in the Indiana North Gary hotel submarket was up sharply, climbing 15.2% over 2019 levels. Additionally, RevPAR increased 11.5% over the same timeframe
Documents
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