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Holiday Inn Express & Suites Crawfordsville 2506 Lafayette Rd 74 Room Hotel Crawfordsville, IN 47933 $16,478,213 CAD ($222,679 CAD/Room)
INVESTMENT HIGHLIGHTS
- 11.1% Cap Rate | TTM Generated $3,145,959 in Room Revenue in July 2025
- Well-Performing Hotel with New 15-Year Franchise License
- 10 Miles to Nucor Steel, the Largest Steel Producer in the U.S. | Nucor in Process of $290M Plant Expansion & Modernization
- Well-Appointed, Three-Story Interior Corridor, IHG-Branded Hotel | Full PIP Renovation Completed in 2024
- Ideally Located off of Interstate 74, which Provides Transient Demand for the Hotel
- 9 Miles to the New Tempur Sealy Manufacturing Plant | Sealy Building an Adjacent Plant to Manufacture Pillows
EXECUTIVE SUMMARY
Josh Caruana // Broker of Record // License IN RB14034355
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Crawfordsville, a 3-story interior corridor hotel located in Crawfordsville, Indiana. Built in 2008, the hotel offers amenities including a heated indoor pool & spa, fitness center, complimentary breakfast buffet with large dining area, guest laundry facilities, and more. Business amenities include a business center and a meeting room that can accommodate 50 people. The property was renovated in 2024, bringing the hotel up to brand standards. Renovations completed include full exterior paint, complete overhaul of the TVs from 46" to 55" in all rooms, technology refresh, and implementing the hotel key PMS system.
The Holiday Inn Express & Suites Crawfordsville represents the opportunity to acquire a renovated, IHG-branded hotel in a growing market. This well-performing property benefits from an excellent location off of Interstate 74, near several attractions, businesses, and other demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Montgomery County region.
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Crawfordsville, a 3-story interior corridor hotel located in Crawfordsville, Indiana. Built in 2008, the hotel offers amenities including a heated indoor pool & spa, fitness center, complimentary breakfast buffet with large dining area, guest laundry facilities, and more. Business amenities include a business center and a meeting room that can accommodate 50 people. The property was renovated in 2024, bringing the hotel up to brand standards. Renovations completed include full exterior paint, complete overhaul of the TVs from 46" to 55" in all rooms, technology refresh, and implementing the hotel key PMS system.
The Holiday Inn Express & Suites Crawfordsville represents the opportunity to acquire a renovated, IHG-branded hotel in a growing market. This well-performing property benefits from an excellent location off of Interstate 74, near several attractions, businesses, and other demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Montgomery County region.
PROPERTY FACTS In Escrow
| Price | $16,478,213 CAD | Building Size | 46,724 SF |
| Price Per Room | $222,679 CAD | No. Rooms | 74 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2008 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.84 AC | ||
| Zoning | B-3 - General Business | ||
| Price | $16,478,213 CAD |
| Price Per Room | $222,679 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.84 AC |
| Building Size | 46,724 SF |
| No. Rooms | 74 |
| No. Stories | 3 |
| Year Built | 2008 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | B-3 - General Business |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 18 | $142.03 CAD | - |
| Guest Room | 56 | $132.38 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 54-07-19-400-026.000-028 | Improvements Assessment | $3,255,217 CAD |
| Land Assessment | $235,667 CAD | Total Assessment | $3,490,884 CAD |
PROPERTY TAXES
Parcel Number
54-07-19-400-026.000-028
Land Assessment
$235,667 CAD
Improvements Assessment
$3,255,217 CAD
Total Assessment
$3,490,884 CAD
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Holiday Inn Express & Suites Crawfordsville | 2506 Lafayette Rd
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