for sale
Days Inn & Suites by Wyndham
3980 S Reed Rd | Kokomo, IN 46902
Investment Highlights
- 80 units, two-story, exterior corridor
- 25 additional rooms available for expansion
- Property sits on a generous 3.6 acre lot
- Upside potential with vacant onsite restaurant space
- ~28% YOY revenue increase
- 2024 room revenue: $1,698,636
- Minimal new owner PIP expected
Property Description
The Bowman Post Group of NewGen Advisory is pleased to present for sale the Days Inn & Suites by Wyndham – Kokomo, IN. The property is located in a business district north of Indianapolis by about one hour. This hotel features 80 renovated guest rooms and suites with two buildings, two stories, and exterior corridors. Additionally, the Days Inn & Suites by Wyndham – Kokomo, IN features an outdoor pool in the courtyard, a fitness facility, and a breakfast room, as well as an on-site restaurant, prime to be leased out for additional revenue.
Location Description
Kokomo, Indiana, the county seat of Howard County, is a city steeped in industrial history and known as the “City of Firsts” for its numerous automotive and technological innovations. Located in north-central Indiana, it’s a key player in the region’s economy, with the automotive industry remaining a significant employer, alongside ongoing efforts to diversify.
Beyond its industrial roots, Kokomo offers cultural attractions like the Seiberling Mansion and Kokomo Opalescent Glass, and a revitalized downtown area that provides dining, arts, and entertainment. With its blend of historical significance and modern development, Kokomo strives to balance its rich past with a forward-looking approach to community and economic growth.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Jayesh “Jay” Bhima
Associate
IN #RB23000299
(805) 866-0486
jbhima@newgenadv.com
BROKER OF RECORD
Andrew Post
NewGen Advisory IN, LLC
IN #RB20000344