Howard Johnson Evansville
Hospitality | 123 Keys
Marketing description
Charles Hart Hospitality Group is proud to present the 123-Room Howard Johnson Evansville East. The hotel is located five miles east of downtown Evansville near the major intersections of I-69, SR-66, and SR-62. The Howard Johnson benefits from being situated in the heart of the Tri-State Area with its strong and diverse manufacturing, healthcare, logistic, and financial demand generators.
The hotel is currently being remotely operated by an absentee owner with the help of local staff. The hotel has been recently renovated and there is minimal to no PIP expected upon transfer. This presents an excellent opportunity for an investor to walk into an in place attractive cash flow with minimal PIP and to increase revenues and bottom line returns with hands on operations.
WE PROUDLY COLLABORATE WITH OUR INDIANA BROKER OF RECORD PLURIS REALTY LLC ON ALL OF OUR INDIANA LISTINGS
Investment highlights
ABSENTEE OWNED HOTEL WITH REBRANDING INCENTIVES
- Attractive In Place Cashflow
- Absentee Owned and Operated
- Minimal to No PIP
- Central Location in Tri-State Area
- Extremely Attractive ROI- 11%+ Cap Rate
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