7811 West Jefferson Blvd Fort Wayne, IN 46804

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.