Building Details

Year Built 2002

Stories 2

Units 42

Listing Agency: RE/MAX Victory + Affiliates

Listed By: Eric Ginder · License #Indiana and RB14022326 Show Phone

Source: Crexi

Added: May 28 Changed: Sep 8 Last Checked: Sep 12 at 6:08AM

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Investment Insights

Based on property information with market context.

The property is a 41-room hospitality operation with an additional 1-bedroom manager apartment that includes a kitchen and living area. Fairway Inn Florence offers an established lodging layout supporting guest accommodations and on-site management. Recent improvements include a new metal roof installed in 2024, and the sale includes substantially all furniture, fixtures, equipment, and operational inventory currently used in the business.

The hotel is positioned directly across from Belterra Casino Resort along State Road 156 in Florence, Indiana. The setting supports both casino-related lodging demand and regional travelers/workforce traffic moving through the area.

This offering is well suited for an owner-operator, regional investor, or hospitality group seeking a hospitality asset with existing operational infrastructure and staffing already in place. With FF&E included and the property maintained by long-term ownership for approximately 22 years, it presents a turnkey pathway for a continued or refreshed lodging operation in a destination-driven market.

Key Highlights

• 41‑room hospitality property located directly across from Belterra Casino Resort on State Road 156 in Florence, IN
• Approx. 19,542 sqft with 41 guest rooms plus a 1‑bedroom manager apartment with kitchen and living area
• New metal roof installed in 2024

Property Analytics

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Current Use

Hotels

Suggested Use

Top Pick Building Supply Garden Center Big Box & Wholesale Store Auto Repair Shop Real Estate Agency Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

25

Businesses Nearby

Explore this area Business Placement

Demographics for 47020, IN

1,004

Population

444

Households

2.3

Avg Household Size

39

Median Age

7%

College-Educated

93%

High-School Grad

18.8 sq mi

ZIP Area

53

Density / Sq Mi

$66,047

Median Household Income

$34,870

Median Earnings

$118,100

Median Home Value

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What type of property is this? Where is this hotels located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Hotel - 41-room hotel across from Belterra Casino Resort, with 2024 metal roof and FF&E included for an operator-ready setup.

Where is this hotel located?

The property is located at 14845 STATE RD 156 Florence, IN.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: 41‑room hospitality property located directly across from Belterra Casino Resort on State Road 156 in Florence, IN; Approx. 19,542 sqft with 41 guest rooms plus a 1‑bedroom manager apartment with kitchen and living area; New metal roof installed in 2024