JAMESON INN – INDIANAPOLIS AIRPORT

Rockwood Real Estate Advisors, in association with Auction.com, has been
retained on an exclusive basis by the Owner to offer for sale the Fee Simple
interest in the Jameson Inn – Indianapolis Airport, a 236-key hotel located in
Indianapolis, Indiana (the “Hotel” or “Property”).
The Jameson Inn – Indianapolis Airport is strategically located along I-74/465,
just north of the Indianapolis International Airport and the internationally
acclaimed Indianapolis Motor Speedway is less than six miles north. The southern
area of Indianapolis is well developed with business parks including AmeriPlex
and Airwest and the emerging Purdue Research Park. Major companies within
15 minutes of the Hotel include Rolls Royce, Hirata USA, Biostorage Tech,
Caterpillar, Brightpoint, and many more. Downtown Indianapolis is only 8.0
miles northeast including the largest concentration of office space in the region
and the State Capitol with its related government complex as well as the Indiana
Convention Center, Lucas Oil Stadium (home of the NFL’s Indianapolis Colts),
Bankers Life Fieldhouse (home of the NBA’s Indianapolis Pacers), Indianapolis
Zoo, and the City Circle Mall.
This investment represents an opportunity for a new owner to re-develop and
re-position a solid asset in an “A” market on a “billboard” site.
JAMESON INN – INDIANAPOLIS AIRPORT
INDIANAPOLIS, INDIANA
KEY PROPERTY INFORMATION
Property Being Sold Through Auction.com
Jameson Inn Indianapolis Airport
Event ID #B114-150
Auction Date: September 24-26
Rockwood
Real Estate Advisors
ADDRESS
5860 Fortune Circle West
Indianapolis, IN 46241
WHEN BUILT
1972
OWNERSHIP INTEREST
Fee Simple
NUMBER OF ROOMS
236
CORRIDORS
Interior
LAND AREA
7.0 +/- Acres
BUILDING HEIGHT
7 Floors
FOOD & BEVERAGE
Restaurant – 100 seats
Lounge – 75 seats
MEETING SPACE
4,754 SF
INTERNET ACCESS
Complimentary wireless access
PARKING
310 +/- surface spaces
HOTEL AMENITIES
AND FEATURES
Outdoor pool (seasonal), guest laundry, and outdoor patio
67
INVESTMENT HIGHLIGHTS
Crows Nest
52
Eagle Creek
Reservoir
Lawrence
431
65
74
37
2
Clermont
465
136
4
134
70
1
Speedway
5
Avon
9
40
Indianapolis
Intl Airport
8
7
100
Sam Jones
Expressway
Indianapolis
Marian University
3
Butler University
4
Children’s Museum
of Indianapolis
5
Indianapolis Zoo
6
Center & Lucas Oil
Stadium
7
Circle Center Mall
8
Bankers Life
Fieldhouse
9
Rolls Royce Training
Center
465
65
10
Brightpoint
11
Airwest Business
Park
12
Purdue Research
Park/AmeriPlex
13
Hirata USA
14
AmeriPlex Business
Park
15
Rolls Royce
16
Indiana State
Capitol
465
12
70
2
Indiana Convention
52
Jameson Inn
Beech Grove
10
11
16
6
70
52
Indianapolis Motor
Speedway
Warren Park
70
74
36
1
36
3
Brownsburg
74
13
15
Jameson Inn
Indianapolis Airport
Demand Generators
Spring Hill
465
*
37
135
431
14
65
Homecroft
67
31
Southport
SIGNIFICANT UPSIDE POTENTIAL THROUGH RE-DEVELOPMENT
AND RE-POSITIONING
>> This is a rare opportunity to re-invent an existing Hotel with dramatic, “billboard”
visibility from I-74/465. The Hotel will be sold unencumbered by the Jameson Inn
franchise.
>> This full-service property could be easily re-positioned to be an upscale hotel flying
a prominent flag such as DoubleTree by Hilton, Four Points by Sheraton, or other
comparable brands.
OPPORTUNITY FOR AGGRESSIVE, CREATIVE MANAGEMENT
>> The Hotel will be sold unencumbered by management allowing the new owner to
install innovative entrepreneurial practices.
>> New management along with an exciting, new flag will dramatically re-energize this
Property to maximize revenues and NOI.
ACQUISITION WELL BELOW REPLACEMENT COST
>> With new construction of an upscale full-serve Hotel estimated to be
approximately $125,000 per key, this Hotel is available at a price significantly
below Replacement Cost.
PROXIMATE TO MAJOR DEMAND GENERATORS
>> The Hotel is within 1.5 miles of the Indianapolis International Airport, which served
approximately 7.3 million passengers in 2012, offering flights to 32 non-stop
destinations on 137 daily departures.
>> Indianapolis Motor Speedway, located less than 6.0 miles north of the Hotel,
is home of the world famous Indianapolis 500 and Brickyard 400 races held
annually. This incredible racetrack has a capacity for over 257,000 fans!
>> Prominent business parks are near-by including AmeriPlex, with the new Purdue
Research Park. Major corporations in the area include Rolls Royce, Biostorage
Tech, Acorn Distribution, Caterpillar, and many, many more.
>> Downtown Indianapolis, located 8.0 miles northeast, is the exciting regional
center for business, conventions, shopping and entertainment. It is also the home
of the NFL’s Indianapolis Colts (Lucas Oil Stadium) and the NBA’s Indianapolis
Pacers (Bankers Life Fieldhouse).
Rockwood
Real Estate Advisors
For More Information, Please Contact:
TERRY O’BRIEN
Managing Director
513-942-0815 (Office)
513-505-6910 (Cell)
[email protected]
BRANDT NIEHAUS (CO-BROKER)
Huff Niehaus & Associates
[email protected]
IN License No. IB20101239
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to omissions, change of price, rental or other
condition, without notice, and to any listing conditions, imposed by the Owner.
DO NOT CONTACT THE MANAGEMENT STAFF OF THE PROPERTY.
LICENSING DISCLOSURE
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