HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the 121-room Hyatt Place South Bend/Mishawaka (“Hotel” or “Property”), situated at 215 W Day Road, Mishawaka, Indiana. The Hyatt Place South Bend/Mishawaka offers a compelling investment opportunity in one of the nation’s most robust college town markets. Strategically located in the South Bend Region, the Hotel enjoys proximity to esteemed educational institutions, notably the University of Notre Dame, alongside Saint Mary’s College, Holy Cross College at Notre Dame, Indiana University South Bend, and Bethel University.

The Property’s top line metrics are strong but offer room for growth as well. The Hotel was ranked 4 of 7 among its competitive set as of the March 2024 TTM period, according to STR. Although ADR is currently lagging the market, there is significant room for ADR growth upon completion of a PIP. As the exclusive Hyatt-branded property in South Bend, the Hotel leverages its affiliation with the World of Hyatt rewards program, providing access to a vast network of over 40 million members and expanding demand channels for bookings.

Beyond its academic prestige, South Bend boasts a diverse array of demand generators, including major corporations like AM General, Mullen Automotive, Techniplas, Siemens Healthineers, and Lippert Components, alongside renowned hospitals, driving both corporate and leisure travel. The region’s growing automotive and data center industries, coupled with its strategic position between Chicago and Detroit, make South Bend a regional hub for technology and manufacturing. Additionally, South Bend’s accessibility via Interstate 80/90 attracts interstate travelers, while its premier tourist attractions, such as the Four Winds Casino and Basilica of the Sacred Heart, draw leisure travelers. With the upcoming opening of the Mishawaka Fieldhouse, the area also anticipates further growth in youth sports tournaments.