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Property profile & analytics
FOR SALE
Hotels

2902 E Dupont Rd Fort Wayne, IN 46825

44,407 SF 1.55 ac lot Built 2000
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-3324404
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2000
Construction WOOD
Total area 44,407 SF
Lot 1.55 ac (67,649 SF)
APN 02-08-06-200-010.000-072
UPID US31-3324404
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Best Western Fort Wayne I-69 North Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$930k
Owner & transaction history
Bhagyalaxmi Hospitality INC · 18 yrs held
Bhagyalaxmi Hospitality INC
since 2007
2 recorded transactions
2019
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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