Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 86-room Courtyard Indianapolis South (“Hotel” or “Property”), situated at 4650 Southport Crossing Drive, Indianapolis, IN 46237.
The Courtyard Indianapolis South presents a compelling opportunity to acquire a recently renovated, well-located Marriott select-service asset with a stabilized, high-margin operating profile. Ownership has just completed a substantial renovation, leaving the Property in near turn-key condition and largely free of near-term capital requirements for a new owner. Additionally, the Hotel has generated consistent room revenue in excess of $2.5 million annually since 2023, supported by very strong bottom-line flow-throughs, underscoring the efficiency of the Property's operating model and the durability of its demand base.
Positioned directly off Interstate 65 at Exit 103, the Hotel offers convenient access for both business, medical, and leisure travelers just 15 minutes from downtown Indianapolis. The Property benefits from a broad and diverse mix of demand generators, including Camp Atterbury, the Franciscan Health hospital system, University of Indianapolis, Greenwood Park Mall, Indianapolis Motor Speedway, Lucas Oil Stadium, the Indiana Convention Center, and Gainbridge Fieldhouse, in addition to a strong base of nearby corporate, industrial, retail, and dining destinations along the south-side I-65 corridor.
Indianapolis remains one of the Midwest's most resilient lodging markets, anchored by a diverse economic base spanning healthcare, logistics, manufacturing, and government, along with a deep calendar of citywide events and collegiate and professional sports that support year-round hotel demand.
Investment Highlights
Recently Renovated
The Property completed a significant renovation, refreshing guestrooms, corridors and public space. The scope of work positions the Hotel to compete effectively within its competitive set and should minimize any change-of-ownership PIP exposure for a new buyer, reducing execution risk and near-term capital outlay.
Consistent Top-Line Performance with Strong Bottom-Line Flow-Through
The Hotel has demonstrated a consistent ability to generate more than $2.5 million in annual room revenue, paired with consistently strong flowthroughs (+30% in the latest T-12 period). This combination of stable top-line production and operating efficiency reflects a well-run asset and a durable, repeatable earnings profile for a new owner.
Positive Momentum in the Business-Friendly Indianapolis Market
A number of new developments in the area have further enhanced Indianapolis’ allure as a corporate, group, and leisure destination, including the expansion of the Indiana Convention Center, the redevelopment of the former Market Square Arena, and the extension of the Cultural Trail.
Proximity to Diverse and Durable Demand Drivers
The Property benefits from a wide range of nearby demand generators, including Camp Atterbury, the Franciscan Health hospital system, University of Indianapolis, Greenwood Park Mall, and downtown Indianapolis demand drivers, supporting a healthy mix of corporate, sports, event, and leisure-related room night demand throughout the year.
Established, Recognized Select-Service Brand
Operating under Marriott's Courtyard brand, the Hotel benefits from strong national brand recognition, a robust loyalty program, and access to Marriott's global distribution and reservation systems, all of which support consistent demand capture and rate integrity.
Offered Unencumbered by Management
The Hotel is offered unencumbered by management, allowing a new owner to self-operate or engage a third-party manager. This flexibility presents upside through enhanced operations, cost controls, and more aggressive yield management.
Fee Simple Interest
The Property will be offered as fee simple.
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