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7811 West Jefferson Blvd Fort Wayne, IN 46804

For Sale
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Two hotels with value-add potential in growing Fort Wayne.

Source: Brent Clemens Agent Brent Clemens

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Fort Wayne Hotel Portfolio Opportunity

Offered is the fee simple interest in a portfolio comprising the 109-room Residence Inn and the 118-room Hampton Inn Southwest, both situated in Fort Wayne, Indiana. These institutionally owned properties are available for purchase either as a portfolio or individually through a traditional marketing process. A significant value-add potential exists through improved performance following the transition from passive institutional ownership and third-party management. The properties are offered unencumbered of debt and management at a discount to replacement cost. The portfolio demonstrates countercyclical growth, with year-to-date blended RevPAR gains of nearly 8%, outpacing the U.S. national average. The hotels are within walking distance of each other, offering operating efficiencies and the opportunity to complex operations and bolster operating margins. Fort Wayne Airport has experienced growth with year-to-date 18% year-over-year passenger gains, prompting airport officials to expand parking. Fort Wayne is experiencing economic growth for Allen County in 2024, with $2.6 billion in private investment across 21 business expansions and relocations, resulting in over 1,000 new local jobs.
Insight Report Location Intelligence

Current Use by Public Records

Encore Residential Hotels Indoor Lodging Residence Inn Fort ... Hotel

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fort Wayne
County
Allen
State
Indiana
Longitude
-85.242943
Latitude
41.0385646

FAQs

What type of property is this?
Hotel - Two hotels with value-add potential in growing Fort Wayne.
Where is this hotel located?
The property is located at 7811 West Jefferson Blvd Fort Wayne, IN.
What are key features of this property?
This property features: - Significant discount to replacement cost.; - Strong value-add potential through improved performance post-transition.; - Unencumbered of debt and management.
More about this property
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