Best Western Batesville — Sale in Batesville, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Batesville, IN 47006
  • Year built: 1993

Photos

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Investment Figures

Cap rate
9.27%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Best Western Batesville (‘Hotel’ or ‘Property’) located at 1030 State Road 229 North in Batesville, Indiana. The midscale, Best Western-branded Hotel is offered at $5,495,000 or $55,505 per key. Situated on approximately 3.73 acres, the Property features 99 guest rooms across two stories. Originally constructed in 1993, the Hotel offers a comprehensive amenity package designed to accommodate both business and leisure travelers, including complimentary full hot breakfast, high speed internet access, indoor pool, fitness center, business center, EV charging stations, guest laundry facilities, ample parking, and pet-friendly accommodations. Ownership completed a comprehensive renovation of the Property in 2021, significantly enhancing both guest accommodations and common areas. Improvements included the conversion of bathtubs to walk-in showers in all king guest rooms, along with the installation of new furniture, carpeting, mattresses, televisions, and window coverings throughout the Hotel. Public areas were extensively remodeled and upgraded with new furnishings, creating a refreshed guest experience. Additional capital investments included exterior repainting, upgraded parking lot lighting, and numerous other property enhancements. These improvements have helped maintain the Hotel’s competitive positioning within the Batesville market while reducing near term capital expenditure requirements for a new owner. The Hotel benefits from proximity to several major employers and regional demand generators that support year-round occupancy. Corporate and industrial demand is generated by nearby employers including Hillenbrand/Batesville Casket Company and Batesville Tool & Die, while healthcare related lodging demand is supported by Margaret Mary Health Main Campus, one of the region’s leading healthcare providers. Additional demand is generated by loc

Market Context

This hospitality in Batesville, IN is listed for sale. It is offered at an approximate 9.3% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1993. Compare it against other hospitality listings for sale in Batesville, IN — view the full market.

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