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Economy Inn 3521 Lake City Hwy 70 Room Hotel Warsaw, IN 46580 $4,407,392 CAD ($62,963 CAD/Room)
INVESTMENT HIGHLIGHTS
- Prime Location: Situated along the high-traffic Lake City Highway (US-30) corridor, ensuring excellent visibility and accessibility for both transient
- Fully Equipped Kitchen Suites: 20 kitchen suites featuring stovetop, refrigerator, microwave, and sink
- Brand Conversion Opportunity: Potential for Key Money from well-established hotel brands such as Choice Hotels, Wyndham, and Red Roof Inn
- Recent Capital Improvements: Extensive renovations and updates including a new roof, upgraded plumbing, electrical systems, new drywall, New Furniture
EXECUTIVE SUMMARY
The property offers a unique opportunity for brand conversion, with potential Key Money available from leading hotel chains such as Choice Hotels, Wyndham, and Red Roof Inn, providing a clear pathway to enhance revenue through affiliation with these reputable and established brands.
Strategically located just minutes from Zimmer Biomet’s global headquarters, the hotel is surrounded by a strong base of major medical device manufacturers and industrial employers that anchor the region’s economy. Warsaw is widely recognized as the “Orthopedic Capital of the World,” providing a steady stream of business travelers, contractors, and visiting professionals.
Nearby Major Employers & Business Centers:
Zimmer Biomet – Global HQ of the Fortune 500 medical device leader
DePuy Synthes (a Johnson & Johnson company) – Orthopedic and surgical solutions manufacturer
Medtronic – Major operations facility for spinal and biologics technologies
Paragon Medical – Precision manufacturer for medical implants and surgical tools
CTB, Inc. (a Berkshire Hathaway company) – Leading agricultural equipment manufacturer
Warsaw Industrial Park – Hub for logistics, fabrication, and warehousing businesses
Winona Lake – Scenic lakeside community offering cultural, recreational, and tourism-driven growth
The hotel benefits from a stable demand base, professional operations, and recent updates that enhance its competitive positioning. With the area's strong employment landscape, growing population, and consistent business travel, this is a prime investment in one of Indiana’s most economically robust small cities.
Investment Highlights:
70 Guest Rooms, including 20 Kitchen Suites
High-traffic location on US-30 with excellent visibility
Minutes from major employers including Zimmer Biomet, DePuy Synthes, and Medtronic
Strong extended-stay demand from contractors and medical professionals
Ample on-site parking and convenient highway access
This is a turnkey acquisition perfect for an owner-operator or investor looking for a stable, income-generating hospitality asset in a dynamic and growing market.
PROPERTY FACTS
| Price | $4,407,392 CAD | Lot Size | 1.69 AC |
| Price Per Room | $62,963 CAD | Building Size | 22,756 SF |
| Sale Type | Investment | No. Rooms | 70 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1973/2025 |
| Property Subtype | Hotel | Parking Ratio | 1.13/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C-3 A - General Overview of C-3 Zoning (Commonly) C-3 (General Commercial) zones usually allow:Hotels/motels, Retail stores, Restaurants and cafes and Offices | ||
| Price | $4,407,392 CAD |
| Price Per Room | $62,963 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.69 AC |
| Building Size | 22,756 SF |
| No. Rooms | 70 |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2025 |
| Parking Ratio | 1.13/1,000 SF |
| Corridor | Exterior |
| Zoning | C-3 A - General Overview of C-3 Zoning (Commonly) C-3 (General Commercial) zones usually allow:Hotels/motels, Retail stores, Restaurants and cafes and Offices |
AMENITIES
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 3521 LAKE CITY HWY , WARSAW, IN 46580
This well-maintained, 2-story exterior corridor hotel comprises a total of 70 guest rooms, including 20 fully equipped kitchen suites tailored for extended stays. Each kitchen suite is thoughtfully designed with a stovetop, refrigerator, microwave, and sink, making it an ideal choice for medical professionals, contractors, and relocating families seeking comfort and convenience during their stay. Additionally, all rooms feature brand new air conditioners, as well as a refrigerator and microwave. The property has undergone substantial capital improvements across all areas, ensuring its competitive position in the market. Recent upgrades include: Brand new roof Completely updated plumbing Upgraded electrical systems, including new smoke detectors and new televisions in all rooms Installation of new RFID locks, providing enhanced security for guests New drywall throughout the property, contributing to both aesthetic appeal and functionality Newly paved parking lot, offering ample and well-maintained parking for guests New windows and doors, improving energy efficiency and the property's overall curb appeal Complete bathroom renovations, including modern standing showers and new toilets New furniture in all rooms, including bed frames and mattresses, ensuring a fresh and comfortable guest experience Manager's office-2 room with kitchen for convenient on-site management These comprehensive upgrades not only enhance the property's overall appearance and functionality but also significantly reduce future maintenance requirements. As a result, the hotel is positioned for long-term operational efficiency while providing an elevated guest experience. These enhancements ensure the property remains competitive in the market, supporting sustained profitability and a solid return on investment.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 20 | $151.50 CAD | - |
| Guest Room | 50 | $90.90 CAD | - |
PROPERTY TAXES
| Parcel Number | 43-11-14-400-874.000-032 | Improvements Assessment | $231,094 CAD |
| Land Assessment | $431,469 CAD | Total Assessment | $662,563 CAD |
PROPERTY TAXES
Presented by
Shivpal LLC
Economy Inn | 3521 Lake City Hwy
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