for sale
Quality Inn (North Vernon)
150 Fdr Dr | North Vernon, IN 47265
Investment Highlights
- 58 units, two-story, interior corridor
- Year-over-year revenue growth
- 2024 room revenue: $617,082
- 2023 room revenue: $577,011
- 2022 room revenue: $526,548
- Priced under $40K/key
- Located near key demand generators such as Twin Cities Raceway Park and Hayden Historical Museum Inc.
Property Description
Devesh “Devo” Ragha of NewGen Advisory is proud to present the for sale of the Quality Inn located in North Vernon, IN. This well-established midscale hotel, open since February 1999 and renovated in 2018, offers 58 comfortable rooms across two stories in a small metro/town setting. Operated as a franchise under the reputable Choice Hotels International, Inc., the property includes 27,952 SF of gross building area with typical floor size of 13,976 SF. The property features interior corridors and essential amenities such as high-speed internet access, a business center, a fitness center, and a meeting space of 576 SF.
The Quality Inn (North Vernon) is positioned on 1.37 acres with a zoning of C-SS and includes a surface parking lot with 55 spaces, providing a parking ratio of 0.95 per room. The investment benefits from its location in a car-dependent area, a robust business model with a smoke-free environment, and public access WiFi, enhancing its appeal to both business and leisure travelers.
Location Description
North Vernon, Indiana, is a small city located in Jennings County, known for its charming rural atmosphere and rich history. Situated at the crossroads of U.S. Route 50 and State Road 7, it offers easy access to both urban and rural settings. The city is home to a close-knit community, with a variety of local parks, schools, and businesses. Its historic downtown area reflects the town’s long-standing heritage, while the surrounding landscape provides ample opportunities for outdoor activities, making it a pleasant place for both residents and visitors.
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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.
Devesh “Devo” Ragha
Associate
TX #758386
(806) 584-1454
dragha@newgenadv.com
BROKER OF RECORD
Andrew Post
NewGen Advisory IN LLC
IN #RB20000344