Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Loan Status Non-Performing
Property Type Hotels & Hospitality,Hospitality

Asset Description

Jones Lang LaSalle, Americas, Inc ("JLL"), in conjunction with Ten-X, is pleased to offer the receivership sale in the fee simple interest of the 112-room Hampton Inn Terre Haute (the “Hotel” or “Property”). Located at the intersection of I-70 and U.S. 41 South, the Hotel is within five miles of many of the city’s largest employers including Indiana State University, Union Hospital, Terre Haute Regional Hospital, GE Aviation, and the headquarters of First Financial Bank. Comprehensive PIP-required upgrades coupled with refocused sales and revenue management strategies will offer new ownership exceptional upside. The Property, which is in receivership, is offered unencumbered by management and debt.

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Broker of Record | Steven Schwegman | License #: RB14042704

Investment Highlights

Situated just east of the Illinois border in the heart of the Wabash Valley, Terre Haute, Indiana, is conveniently located within driving distance of seven major cities. Its economy has diversified from a reliance on iron, steel, glass, and mining to a global economy driven by advanced manufacturing, education, healthcare, and agriculture. It is home to the headquarters of First Financial Bank, the oldest national bank in Indiana and the fifth oldest in the U.S., which has been ranked among the top 100 efficient bank holding companies in the nation. The Hotel is within eight miles of all of the city’s largest employers. Terre Haute has been revitalized with new downtown development, growing tourism assets, and nationally recognized facilities, and is home to four institutions of higher education.

Last Updated Date: 18 Oct 2022

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Last Updated Date: 18 Oct 2022

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