2902 Dupont Rd Fort Wayne, IN 46825
- Hotels
- 44,407 SF
- 1.55 lot acres
Current Use by Public Records
- Best Western Fort Wayne I-69 North / Hotel
Property Details for 2902 Dupont Rd
- Year built
- 2000
- Construction
- WOOD
- Lot size
- 1.55 lot acres
- Property size
- 44,407 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 02-08-06-200-010.000-072
- APU
- 20806200010000072
Description
This exceptional 76-key Best Western hotel presents a lucrative investment opportunity in Fort Wayne, Indiana. Built in 2000, this three-story, interior corridor property boasts 44,407 square feet on a 68,922 square foot lot (APN: 020806200010000072). Conveniently located off Interstate 69, the hotel benefits from high visibility and easy access to major roadways. The property features an indoor pool, fitness center, and breakfast area, catering to a wide range of guests. Recent capital expenditures totaling $1,200,000 have been completed by the seller to convert the hotel to a Best Western brand, minimizing anticipated future improvements for the buyer. The hotel's strong financial performance is evident in its 2023 room revenue of $1,467,628 and trailing twelve-month (TTM) room revenue (September 2024) of $1,417,260. Situated in Allen County, Fort Wayne is Indiana's second-largest city, with a population of 267,927, offering a robust and growing market for hospitality businesses. The property's strategic location near Glenbrook Square, the largest shopping destination in Northeast Indiana, further enhances its appeal to both business and leisure travelers. This well-maintained hotel is poised for continued success and represents a compelling investment prospect in a thriving market. The asking price is $6,500,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.1054
- Latitude
- 41.1777
- CBSA code
- 23060
- CBSA name
- FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
