Close

Cart

Total $0.00

Checkout

Paramount Lodging Advisors (PLA) is pleased to announce the successful sale of the property at 3553 Founders Road, formerly known as the “Residence Inn” located in Indianapolis. Scott Griemsmann, Senior Managing Director and Adam Montufar, Managing Director, exclusively represented the owners in the transaction.

“We continue to experience significant demand for lodging investment opportunities in the greater Indianapolis metro. This is our fourth successful sale in the market in the last year with an existing listing currently available in Castleton,” commented Montufar. 

The two-story, 88-room, hotel opened in 1984 and was converted to alternative housing in 2012. The property will be shut down for an extensive renovation near term and is expected to reopen as a fully renovated Hawthorn Suites by Wyndham in early 2017.

For more information on this property, please contact: Scott Griemsmann directly at 415-419-5765 or scott@paramountlodging.com or Adam Montufar at 515-446-4181 or amontufar@paramountlodging.com

About Paramount Lodging Advisors

Paramount Lodging Advisors (PLA) is a hotel brokerage and advisory firm specializing in the sales of hospitality assets, debt and equity placement, as well as value enhancement services across the United States. For more information about PLA, please visit www.paramountlodging.com.

Contact: Jacki Bubis

jbubis@paramountlodging.com / 3122390166

Related News

Times Square Hotel Goes to Auction on RealINSIGHT Marketplace on April 8th

Paramount Lodging Advisors Sells Ocean Front Gold Beach Inn, Ireland’s Rustic Lodges & RV Park and Ireland’s Commercial Income Property in OR

Paramount Lodging Advisors Sells Bakersfield, CA Four Points by Sheraton Hotel

Paramount Lodging Advisors Successfully Completes another Iowa Transaction with the Sale of the Holiday Inn Express (Collins Rd.) in Cedar Rapids, IA

Paramount Lodging Advisors (PLA) Sells the Hampton Inn & Suites Federal Way/Seattle Washington

Paramount Lodging Advisors Successfully Completes Another Texas Transaction with the Sale of the Courtyard by Marriott in Beaumont, TX

Paramount Lodging Advisors Sells Washington Red Lion Hotel

Paramount Lodging Advisors Launches Subsidiary, Paramount Capital Advisors

Paramount Lodging Advisors (PLA) Sells the Four Points by Sheraton & Banquet Center Sacramento International Airport

Paramount Lodging Advisors (PLA) Sells Texas Fairfield Inn & Suites

Paramount Lodging Advisors (PLA) Leads the Successful Sale of the Downtown Milwaukee Hyatt Regency

Paramount Lodging Advisors Team Sells Hampton Inn in Victoria, TX

CBRE Hotels Arranges Sale of the West Inn & Suites Carlsbad

Paramount Lodging Advisors Team Arranges Sale of the Holiday Inn Express St. Louis – Central West End St. Louis, MO

Authenticity Confronts Branding: Non-Branded Hotel Properties Offer Great Opportunity to Those Who Understand the Market

Paramount Lodging Advisors West Coast Office Sells California Courtyard by Marriott Land

2018 Commercial Real Estate Lending Predictions

Paramount Lodging Advisors Breaks Ground On New Chicago Office

Paramount Lodging Advisors Brings on New Senior Associate Sean Banilivy For Capital Markets

Paramount Lodging Advisors Sells 12th Consecutive Property in the Indiana Market

All News »

Please login or register to post a comment.