Commercial Property for Sale in Evansville Indiana 47711

Off-Market Hospitality Acquisition: Value-Add Marriott Portfolio Opportunity

180 Keys | Strategic Indiana Market | Substantial Yield Upside Post-PIP

RAD Commercial Realty is pleased to present a high-potential, off-market investment opportunity in the Indiana hospitality sector. Offered at $15,000,000, this 180-key Marriott-branded asset represents a classic "Value-Add" play for sophisticated investors looking to capture market share in a region defined by resilient corporate and institutional demand. With a motivated seller and an attractive cost basis of approximately $83,000 per key, this property is perfectly positioned for a comprehensive capital improvement strategy that will drive significant RevPAR growth and long-term asset appreciation.

The Investment Thesis: Strategic Repositioning

This acquisition is designed for the "Opportunistic" or "Value-Add" investor who recognizes the power of a premier global flag like Marriott when combined with modernized physical infrastructure.

• The PIP Opportunity: The property requires a $4M–$5M Property Improvement Plan (PIP). By executing this modernization, the incoming owner can reset the hotel’s lifecycle, aligning it with Marriott’s latest brand standards and allowing for a substantial "mark-to-market" increase in Average Daily Rates (ADR).

• Motivated Seller Advantage: The off-market nature of this deal, combined with a motivated ownership group, provides a rare window for a discreet acquisition with favorable terms and a clear path to closing.

• Scale & Efficiency: At 180 keys, the property offers the operational scale necessary to support professional third-party management while maintaining lean operating margins common in the Indiana market.

Market Dynamics & Demand Drivers

Indiana remains a powerhouse for hospitality demand, driven by a stable mix of manufacturing, healthcare, and higher education. This Marriott asset is strategically situated to benefit from:

• Robust Corporate Hubs: Proximity to major industrial and logistics corridors ensures a consistent "Monday through Thursday" corporate traveler base.

• Institutional Stability: The Indiana market is anchored by major universities and medical centers, providing a secondary layer of "recession-proof" weekend demand for athletic events and graduations.

• Supply-Constrained Environment: Given the rising costs of new construction and high interest rates, acquiring a 180-key Marriott at this basis—even including the PIP—is significantly more cost-effective than developing a comparable new-build hotel.

Financial Outlook & Potential Yield

Post-renovation, this asset is expected to outperform its competitive set by capturing "flight-to-quality" travelers who prioritize the Marriott Bonvoy ecosystem.

Confidential Inquiry & Underwriting

Due to the off-market and confidential nature of this offering, specific location details, STR reports, and detailed P&L statements are available only to qualified parties upon registration.

To begin your due diligence, please register at www.radcre.com or contact Majid directly at majid@radcre.com or 818-334-2111.

Financing & Advisory: For investors seeking bridge-to-permanent financing or specialized PIP loans for this Indiana acquisition, RAD Capital Group offers bespoke debt solutions designed for hospitality repositioning projects. Visit www.radcapgroup.com to explore our lending platforms.