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Clarion Inn & Suites Evansville – SOLD

This Property Has Been SOLD!!!

Price:    $3,290,000.00
Number of Rooms:    71
Room Configuration:    40 Queen Queens, 20 Kings, 2 King Jacuzzi Suites, 9 2-Room Suites
Number of Stories:    2
Building Area:    42,083 s.f.
Corridors:    Interior
Lot Size:    3.12 ± acres
Year Built:    1989 originally as a Suburban Lodge. Opened as a Clarion on June 1st, 2017.
Renovations:    The hotel was completely redone from A to Z. Nothing was left undone at a cost of over $1,900,000.00 when the property was converted to a Clarion Inn & Suites.
List of Renovations:
Exterior – New towers, new roof line, new canopy, new vestibule, new automatic doors, new lighting on the building and the parking lot, new landscape, new pool.
Interior – Rooms – New bathroom tile, new vanities, new plumbing, new lighting, new wall surface. New carpets, new case-goods, new lighting package, new TV’s, new bedding, new window treatments, new soft seating, new refrigerators, new micros, new a/c’s, new wall texture, new phones, new RF-id locks.
Public Areas – Professionally decorated, new flooring, new wall coverings, new window treatments, new furniture throughout, new front desk, new bar, new kitchen equipment, new public bathrooms. New air conditioner units for the hallways and lobby.
Meeting Rooms – New carpet, new wallpaper and new a/c’s.
Amenities:    Bistro open Monday thru Friday from 5:00 p.m. to 9:00 p.m. in lieu of a full service restaurant. A free breakfast is offered every day just like a Comfort Inn.  The hotel also offers an outdoor pool, breakfast area, exercise room,
meeting room, guest laundry, business center, elevator.
Tremendous Upside:    Opportunity to buy a hotel that was completely renovated about one year ago.  Hotel revenue is still ramping up.
2018 Revenue: Seller expects to do around $900,000.

Financial Information: Download PDF (Registered Users Only)

  • Address: 5538 E Indiana St, Evansville, IN 47715, USA 
  • Price: $3,290,000 
  • Phone Number: 937.438.6700 ext. 1