EVANSVILLE PLAZA HOTEL & SUITES at EVANSVILLE INDIANA AIRPORT
Family Illness of Florida Owner Requires Sale!
119-Room Hotel, Restaurant & Banquet Center
EVANSVILLE PLAZA HOTEL:
5701 Hwy. 41 North,Evansville, IN 47711.
Full-service Hotel on 4.65± Acres controlled by Evansville Airport District. Only minutes from University of Southern Indiana, Angel Mounds State Historic Site, Wesselman Wood Nature Preserve, Casino Aztar, across the highway from Hamilton Golf Course. 9.5 Miles South of I-64 on north end of Evansville.
PROPERTY DESCRIPTION:
A Three-story interior corridor hotel built in 1976 as a Sheraton. Approx. 83,000 SF; with 119 Rooms; 9 Suites and 1 owner’s unit. Extensively renovated in 2001 with Heated Indoor Swimming Pool, electronic room keys, free wireless internet, coffee makers, and continental breakfast in lobby. Meeting & Banquet Space for up to 250. Runway 41 Restaurant & Bar renovated and re-opened in April 2009, with full liquor license.
OPERATING REVENUES:
Revenues have increased since 2007. 12-Month Trailing Room Revenues thru August 2008: $575,316 12-Month Trailing Room Revenues thru August 2009: $621,244 Most recent 12-Month ADR at $40.25 with 35.42% Occupancy.
BUSINESS OPPORTUNITY:
Currently operated as a Private Brand. Opportunity to rename hotel or re-fl ag. Recently inspected by Days Inn or could be Howard Johnson, Travelodge, or Baymont. Title Company Escrow & Title Insurance Provided.
ON-SITE INSPECTIONS:
October 21, 28 & November 3 from 12 Noon to 2:00 P.M. and November 9 from 2:00 P.M. to 4:00 P.M.
In Cooperation with Baker Auction & Realty - Jonathan Baker INAU10400085
Auctioneer License Information: IN: AU10400085 KY: RP2788 IL: 441.001326
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