Candlewood Suites Indianapolis South — Sale in Greenwood, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Greenwood, IN 46143
  • Year built: 2008

Photos

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Investment Figures

Cap rate
6.31%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 83-room Candlewood Suites located in Greenwood, Indiana, a suburb of Indianapolis. The hotel is a three-story property built in 2008 and located just off I-65. Candlewood Suites Indianapolis-South provides the opportunity for a new owner to acquire an extended stay, select-service IHG hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the IHG name, reservation system, and loyal base of guests. Investment Highlights: • June '26 Candlewood T-3 RevPAR Increased 12.5% YOY and 10.8% for the Comp. Set • Located in a Top-35 MSA • Property is Located Just off I-65 • Adjacent to OrthoIndy Greenwood Hospital (0.6 Miles) • Also Proximate to Downtown Indianapolis, Indianapolis International Airport, ULTA Distribution Center, University of Indianapolis, and More

Market Context

This hospitality in Greenwood, IN is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 2008. Compare it against other hospitality listings for sale in Greenwood, IN — view the full market.

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