Former Delta | Fontana Hotel 7304 E 21st St 118 Room Hotel Indianapolis, IN 46219 $10,086,490 CAD ($85,479 CAD/Room)

Mitchell Glasson and Luke Whittaker of Matthews Real Estate Investment Services are pleased to present a unique opportunity to acquire the Fontana Hotel, a 118-room interior-corridor property located on the east side of Indianapolis, Indiana. Positioned in a high-traffic corridor near I-70 and minutes from downtown, the asset offers strong value-add potential and exposure to one of the Midwest’s fastest-growing metropolitan markets.
Offered at a highly competitive Price Per Key basis, the property represents a compelling opportunity for investors seeking an Indianapolis hotel with operational upside. The hotel sits on a large parcel along East 21st Street, surrounded by national retailers, restaurants, industrial users, and residential density—creating consistent, diversified lodging demand. Its proximity to major transportation routes provides easy access to downtown Indianapolis, the Indiana Convention Center, Lucas Oil Stadium, the Indiana State Fairgrounds, and the expanding eastside logistics and distribution corridor.
The surrounding region is home to major employers such as Cummins, Roche Diagnostics, Anthem/Elevance Health, Community Hospital East, and numerous industrial parks that drive year-round corporate, medical, and contractor demand. Additionally, the property captures leisure and transient guests traveling along I-70 and those visiting Indianapolis for sporting events, conventions, and entertainment.
This offering presents a rare chance to acquire a well-located Indianapolis hotel with immediate operational improvements available and multiple embedded demand drivers. Investors have the opportunity to reposition the property, enhance performance, and capitalize on the continued growth of the Indianapolis metropolitan area.
Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203