935 W State Road 42

• 69 Units with a mix of Short-term and long-term stay with 2 Manager's Apartments
• 3 Rodeway rooms currently used as storage could be brought back in easily
• Well Located on Interstate 70
• Offered at $21,666/ Unit
• 2023 Room Revenue: $572,690
• March 2024 Trailing Twelve Month Revenue: $666,887
• Well priced at 2.2x Trailing Twelve Month Revenue
• 14.37% 2023 Cap Rate

Property Description

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Rodeway Inn and Suburban Studios dual branded hotel located in Brazil, Indiana, just an hour outside of Indianapolis. Brazil is easily accessible and neighbors the town of Terre Haute, with a population of 60,774 and home to Indiana State University. The Rodeway and Suburban Studios operate out of one lobby with a lot size of about 7 acres. This is an ideal property for an owner-operator.