The Residence Inn Evansville East represents a compelling value-add opportunity directly across the street from the 200-bed Deaconess Gateway Hospital in a city with an abundance of diverse demand generators including Toyota’s Motor Manufacturing facility (with +7,500 employees), Ford Event Center, Bally's Evansville Casino, and the University of Evansville.

The Residence Inn boasts both revenue and operational upside. The Property’s current ranking in comparison to its competitive set indicates that there is substantial room for RevPAR growth in this particular market. Additionally, new Ownership has the flexibility to boost revenue and/or improve margins through a variety of methods including a change-of-ownership PIP (if the current flag is retained) or a flag conversion. Regardless of the chosen scenario, further operational upside is available as there is significant potential to improve the September T-12 NOI flowthrough of 4.6%. As the Property is offered unencumbered by a management agreement, new Ownership has the opportunity to revamp operations to improve margins.

The presence of major corporations such as Toyota, Berry Global, and TJ Maxx along with educational institutions and healthcare facilities, further strengthens the market potential. On top of this, the area's diverse attractions contribute to the local tourism appeal. Venues such as Aiken Theatre, Victory Theatre, Old National Plaza, and Ford Center host several notable events throughout the year. All of these factors make this region a thriving and vibrant hub for both residents and visitors alike.

The Residence Inn Evansville East offers both revenue and operational upside potential in conjunction with an excellent location proximate to diverse and stable demand generators. With branding flexibility and the area's booming developments, it's a prime candidate for future growth.