Red Roof Inn Elkhart — Sale in Elkhart, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Elkhart, IN 46514
  • Year built: 1975

Photos

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Description

Marcus & Millichap is pleased to present for sale to qualified investors the Red Roof Inn Elkhart (‘Hotel’ or ‘Property’) located in Elkhart, Indiana. This Hotel is offered on a Request For Offers basis. Please contact listing agent for more information. The Red Roof Inn Elkhart is a two-story hotel with 80 rooms, located at 2902 Cassopolis Street in Elkhart, Indiana. The property has undergone recent updates to enhance guest experience and operational efficiency. Approximately 40 percent of the guest rooms feature PTAC units less than four years old. Additional improvements include a new hot water boiler, updated room locks, new vanities in all rooms, and upgraded parking lot lighting, reflecting ongoing investment in both functionality and aesthetics. The property achieved a RevPAR penetration index of 124.4 percent for year-end 2025, signaling robust competitive performance and attractive long-term value for potential buyers. The Elkhart–Goshen Metropolitan Statistical Area (MSA) is home to approximately 207,000 residents and serves as a major economic hub in Northern Indiana. The city of Elkhart itself boasts a population of more than 53,000 residents, supported by a strong manufacturing base, access to major transportation corridors, and a diverse economy. Median household income in Elkhart County is approximately $65,600, and the region maintains a relatively young median age of 35.5 years, ensuring a stable and skilled workforce. Elkhart is widely recognized as the “RV Capital of the World,” reflecting its dominant role in the recreational vehicle industry. Major employers such as Thor Industries (5.0 miles), Forest River (6.0 miles), Lippert Components (6.3 miles), and Patrick Industries (7.0 miles) drive consistent business travel to the area. Beyond manufacturing, the market benefits from a growing healthcare sector anchored by Elkhart General Hospital (4.2 miles), a 245-bed facility providing comprehensive care, and specialty providers such as the Goshen

Market Context

This hospitality in Elkhart, IN is listed for sale. The building dates to 1975. Compare it against other hospitality listings for sale in Elkhart, IN — view the full market.

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