Best Western Plus Warsaw
Hospitality | 76 Keys
Marketing description
Charles Hart Hospitality Group is proud to present the 76-room Best Western Plus in Warsaw, Indiana. The hotel is located in the renowned Lakes Region of Northern Indiana near downtown Warsaw off of US Route 30. The Best Western Plus benefits from its location on a well traversed coast to coast US Highway, along with local demand generators including Winona Lake and the historic Downtown District with its popular yearly festivals.
The hotel is currently being operated by an out of state management company which will allow a new owner to increase value with a hands-on approach. There is expected to be little to no PIP and can potentially be eligible for Best Western Auto Transfer for certain qualified owners. This is an excellent opportunity to acquire a well-maintained management company operated 76-room hotel that can be improved with hands on ownership.
WE PROUDLY COLLABORATE WITH OUR INDIANA BROKER OF RECORD PLURIS REALTY ON ALL INDIANA LISTINGS.
Investment highlights
MANAGEMENT COMPANY OPERATED UPPER MIDSCALE HOTEL WITH MINIMAL PIP
Attractive Box
Minimal to No PIP
Possible Conversion Opportunities- Garner, Spark, City Express, Etc.
Minimal Liquidated Damages from BW
Huge Upside Through Hands on Ownership
Extremely High Expenses with Current Management Company
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