Matthews Logo

Navigation Menu

59 E Rampart St, Shelbyville, IN, 46176

Hampton Inn
$6,400,000

Key Information

$ per SF
$196
Tot. SF
32,516
Lot Size
1.99 Acres
Units
57
Year Built
1999
Term Remaining
± 15 YRS
Type
Hospitality

Highlights

  • Well-located hotel in Shelbyville, IN just southeast of Indianapolis with convenient access to Interstate 74.
  • Strong combination of in-place cash flow and long-term stability, supported by a diverse demand base including nearby manufacturing employers such as Knauf Insulation and Ryobi Die Casting, as well as leisure demand from Indiana Grand Racing & Casino.
  • Proximity to major Indianapolis demand drivers including the Indiana Convention Center, Lucas Oil Stadium, and leading employers such as Eli Lilly and Company and Salesforce.
  • 57 total keys with a 15-year license extension.
  • Building size of ± 32,516 SF on ± 1.99 acres.
  • Year built 1999, with renovation scheduled for 2025.
  • Upper midscale class with interior corridor and three stories.
  • Amenities include fitness center, event space, pool, free hot breakfast, free Wi-Fi, meeting rooms, pet friendly rooms, and digital key.
  • 2024 projected occupancy of 69.70% with ADR of $136.16 and RevPAR of $94.84.
  • Pricing guidance at $6,400,000 (3.47x T12 RRM).

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RC52200195, RB17001213 (IN)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203