Hotel/Lodging Space For Sale @ 444 Pine Lake Rd

Property Tour and Contact Detail Information: Property tours are available on June 2nd and June 12th. Please contact the listing broker to schedule a tour of the property. Investment Highlights: * Best hotel in market with recent upgrades and any improvements should increase revenues * Diverse market for occupancy generators: industry, agriculture, health, entertainment and colleges * Excellent amenities in Timber’s Restaurant and Rother’s Pub and meeting facilities * Four story, 142 rooms on nearly 5+/- acres * Best Western Plus last QA score: 963 * Parking lot capital expenditures scheduled for end of June * Comprehensive Wi-Fi upgrade package scheduled for end of June * Increasing revenues – May 2017 numbers have increased 6% year-over-year * YTD room revenue of $681,000 is ahead of 2016 by around $51,000 (an increase of 8.2%) Investment Overview: The Best Western Plus La Porte Hotel and Conference Center, a 142 room, full-service hotel designed with a four-story atrium, interior corridor property. Guest rooms are situated in the two-story wing and the four-story section. All located within an hour of Chicago. Enjoy easy access to Pine Lake, Lake Michigan, downtown Chicago and Notre Dame while staying at this La Porte, Indiana hotel. Pine Lake is a 650 acre spring fed “all sports” lake and popular as a summer resort town. Only ten miles from Lake Michigan, this hotel is the only full-service hotel in the area, offering an onsite restaurant and lounge. A stay at this hotel provides a great location for visiting Notre Dame University, four nearby casinos, Lighthouse Premium Outlet Mall, Lake Michigan sport fishing and boat races, three local golf courses, the Indiana Dunes, La Porte County Fairgrounds, and the popular season Michiana wine country draw. Classic rooms and suites offer 40” flat-screen TVs and PTAC’s replaced in 2015, free WiFi, plus coffeemakers, mini-fridges and microwaves. Some feature pull-out sofas and/or whirlpool tubs; suites have separate living rooms and one with wet bar. There is also an indoor pool, seasonal outdoor pool, hot tub and 24/7 fitness center. Other amenities include meeting spaces, business center, playground and game room. The Best Western Plus La Porte Hotel Conference Center provides a great opportunity to own the leading hotel and only full service hotel in the market. The market is diverse with Industry, agriculture, entertainment, and health businesses driving occupancies. More than 11,000 industry workers are employed in La Porte County. Agriculture is a $100,000,000 contributor to the local economy. Within 10 to 45 minutes of La Porte are 11 universities including Notre Dame (22 miles). All provide great opportunity for revenues at the Best Western Plus from sports activities to parents’ weekends. The four story, 142 room hotel makes available an excellent building for pride of ownership and maximum opportunities to maintain or increase its value. The building includes a nice mix of spacious room types from king rooms to suites, with or without Jacuzzi’s. The meeting rooms and atrium facilities provide great meeting options to satisfy all types of customers, corporate or weddings or reunions. The grand reputation of Best Western Plus has been long standing in the La Porte community and long been the go to hotel for any events in the area.