Avison Young Lists Fairfield Inn - Evansville West, IN

Fairfield Inn & Suites INAvison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Fairfield Inn Evensville West (hereinafter "Property," or "Hotel"), a select service hotel located in Evansville, Indiana. 

The Hotel is located just off West Loyd Expressway on Weston Road. Local attractions within six miles include the Tropicana Evansville Casino, the Ohio riverfront, Amazonia-Mesker Park Zoo & Botanical Gardens, University of Southern Indiana, Burdette Park Aquatic Center, LST 325 (WWII ship), and the Ford Center. Other attractions include New Harmony Historic Site, Angel Mounds State Historic Site, University of Evansville, Eastland Mall, Wesselman Woods Park & Nature Preserve, Ellis Park Race Track, Fendrich Golf Course, and Cambridge Golf Club. There is a wide variety of dining and shopping options around the Hotel.

The Property is a four-story, interor corridor hotel which opened in 1995. The Hotel has a lobby, reception and breakfast area, convenience store, safe deposit boxes, and indoor pool, fitness center, 1,867 square feet of meeting space, and hotel-wide WiFi, microwave, mini-refrigerator, coffee maker, and a pull-out sofa. Select rooms include a whirlpool. Fairfield Inn by Marriott standard amentities are provided in all guestrooms. 

Property Highlights

  • Four-story, interior corridor building, built in 1995 with 110 guestrooms
  • 1,867 square feet of meeting space and an indoor pool
  • Near many local area attractions and businesses

Upside Potential

  • Excellent brand
  • Excellent market
  • Recently renovated property in excellent condition
  • Priced well below replacement cost
  • Desirable cap rate
  • Easily accessible location off 169
  • Excellent visibility
  • Major highway access
  • Strong and growing corporate base
  • Growing corporate market
  • Proven performer with long term stability

Financial Highlights

  • Price- $10,000,000
  • Price per Key- $90,909
  • Number of Rooms- 110

 

For more information on this listing contact Mike George at mike.george@avisonyoung.com or 312-371-6550

published: 04-04-2017

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