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SureStay Plus by Best Western Jasper 951 Wernsing Rd

64 Room Hotel Jasper, IN 47546 £1,956,125 (£30,564/Room)

Investment Highlights

  • 64 Unit, 2 Story Interior Corridor Hotel in Excellent Condition
  • Strong $80.97 ADR
  • Perfect for Owner Operator - Strong Upside Potential
  • Room Revenue in 2023: $603,000
  • Recently Built New Lobby and Indoor Pool & Hot Tub
  • 1.25 Hours from Louisville, KY

Executive Summary

The SureStay Plus by Best Western in Jasper, IN is a 64-unit, interior corridor hotel located in Southern Indiana on Hwy 231. The hotel is located directly on US-231 and 12 miles from Interstate 64, between Indianapolis, Evansville, and Louisville, with numerous attractions and businesses located nearby.
The hotel underwent a full-scale renovation in 2017, building a brand-new lobby, breakfast room, and indoor pool and hot tub as part of the conversion to SureStay Plus. The hotel features a fitness room, indoor pool and hot tub, snack bar, and lounge. The Hotel's ten kitchenette rooms cater to extended stay guests and are a unique offering in the City of Jasper.
The City of Jasper was named one of America's best cities to live in by USA today. The area is home to a thriving furniture industry, a robust advanced manufacturing base, and a growing logistics sector. Jasper attracts visitors year-round to various cultural offerings.

Property Facts

Price £1,956,125
Price Per Room £30,564
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.86 AC
Building Size 32,000 SF
No. Rooms 64
Number of Floors 2
Year Built/Renovated 1975/2017
Parking Ratio 3.5/1,000 SF
Corridor Interior

Amenities

  • Business Centre
  • Fitness Centre
  • Pool
  • High Speed Internet Access
  • On-Site Bar
  • Public Access Wi-Fi
  • Smoke-Free
  • Hot Tub

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 64 £91.55 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 19-11-03-100-007.000-002
  • 19-11-03-100-008.001-002
  • 19-11-03-100-009.002-002
  • 19-11-03-100-008.002-002
  • 19-11-03-100-008.000-002
  • 19-11-03-100-009.000-002
  • 19-11-03-100-014.000-002
  • 19-11-03-100-006.000-002
Land Assessment
£449,987
Improvements Assessment
£813,826
Total Assessment
£1,263,813

zoning

Zoning Code B3
B3
  • Listing ID: 30889693

  • Date on Market: 06/02/2024

  • Last Updated:

  • Address: 951 Wernsing Rd, Jasper, IN 47546

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