Investment Highlights:
- Fee Simple interest in the bank-owned 97-key, 2016-build Motel 6 South Bend, IN
- Value-add opportunity through inclusion of the adjacent parcel for potential expansion, parking reconfiguration, or brand repositioning
- Unencumbered by management and debt, providing full flexibility for new ownership
- Offered at a significant discount to replacement cost, particularly compelling given the property’s recent vintage
- Operational upside by transitioning from lender ownership and third-party management
- Seller financing available, creating an accessible entry point for investors
- Approximately 2 miles from the University of Notre Dame, a nationally ranked private research university with approximately 13,000 total students, Division I athletics anchored by Notre Dame Football, and an estimated $3.3 billion annual economic impact supporting consistent year-round lodging demand
- High-visibility location directly off U.S. 31 with immediate proximity to I-80/90 Toll Road and South Bend International Airport, providing easy access to Chicago, Detroit, and Indianapolis
- Proximate to all major area corporate demand, including AM General Holdings, 1st Source Corporation, Schurz Communications, South Bend Chocolate Company, Honeywell, ZF Group, Royal Holdings, and the South Bend Industrial Park
- Near all area healthcare demand, including Memorial Hospital of South Bend, Saint Joseph Mishawaka Medical Center, and Beacon Granger Hospital
- Easily accessible to broader area education demand, including Indiana University South Bend, Saint Mary’s College, Holy Cross College, and Bethel University
- Proximate to all area leisure demand, including Four Winds Casino, Ribbon Town Conference & Event Center, Century Center, Potawatomi Zoo, Studebaker National Museum, Indiana Dinosaur Museum, and The History Museum South
- South Bend is experiencing unprecedented development with more than $500 million in ongoing regional investments across education, healthcare, light industrial, and downtown redevelopment, supporting long-term hospitality demand
The Offering:
Paramount Lodging Advisors, in conjunction with
RealINSIGHT Marketplace, has been retained to offer for sale the fee simple interest in the bank-owned 97-key Motel 6 South Bend, IN, and adjacent parcel for potential expansion, parking reconfiguration, or branding repositioning. The property benefits from its location in South Bend, IN home of Notre Dame University, the largest private university in Indiana.
The Motel 6 South Bend, IN provides a value-add opportunity, transitioning the property from lender ownership and third-party management. Currently, ranking 4 of 5 in its competitive set, the Property presents upside potential for new ownership to capture market share and top-line growth. The Hotel benefits from its ideal location in the South Bend market, strategically located directly off U.S. 31 with easy access to I-89/90 Toll Road and South Bend International Airport, providing easy access to Chicago, Detroit, and Indianapolis. The city’s economy has diversified beyond its manufacturing roots into a balanced mix of higher education, healthcare, advanced manufacturing, technology, and tourism. The University of Notre Dame and its affiliated institutions create a steady base of year-round demand. Academic, athletic, and alumni events support consistent lodging performance, while major healthcare and industrial market expansions are driving new job creation and market growth.
Property Tours
Property tours are available by appointment only on
Tuesday, February 3rd and
Wednesday, February 4th. Please reach out to Mike Schlictman,
mikes@paramountlodging.com |
(803) 920-4173 and Andrew Makhlouf, amakhlouf@paramountlodging.com | (312) 610-9067 to schedule.
