Property profile

9530 In-56 French Lick, IN 47432

OFF-MARKET
Hospitality properties
2.91 ac lot Built 2008
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Property summary

AI-generated overview

This exceptional 80-room Comfort Suites hotel in French Lick, Indiana, presents a lucrative investment opportunity. Built in 2008 and recently renovated, the property boasts a new roof and gutters, along with brand new furniture and televisions throughout all 80 guest rooms. Amenities include an indoor swimming pool, business center, dining area, and a meeting room. Situated on a 2.91-acre lot at 9530 IN-56, this three-story building enjoys a prime location just minutes from the French Lick Resort Casino, West Baden Springs Hotel, Big Splash Water Park, Paoli Peaks Ski Resort, and Patoka Lake. Guests can easily access a wide array of recreational activities, including golf, casino gaming, boating, fishing, skiing (water and winter), bowling, and extensive hiking trails in the Hoosier National Forest. The property's recent Major Property Improvement Program (PIP) has significantly enhanced its appeal, leading to increased business. The asking price for this turnkey operation is $5,100,000. The property's APN is 59-12-09-600-053.002-002.

Property profile

Verified
Property type Hospitality properties
Year built 2008
Lot 2.91 ac (126,760 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9530 In-56 French Lick, IN 47432
French Lick metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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