Red Carpet Inn Clarksville IN — Sale in Clarksville, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Clarksville, IN 47129
  • Year built: 1984

Photos

Red Carpet Inn Clarksville IN — Sale in Clarksville, IN, photo 1 of 3
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Investment Figures

Cap rate
5.99%

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

The Red Carpet Inn in Clarksville, Indiana offers a compelling value-add or repositioning opportunity at ~$17,347/unit — well below replacement cost — on a 2.25-acre lot in one of Southern Indiana's most active development corridors. With River Ridge Commerce Center supporting 13,300-plus jobs nearby, a $226 Million mixed-use redevelopment underway in South Clarksville, and comparable hotels like the Hampton Inn on Broadway recently trading and undergoing full renovation, this 98-unit, 1984-built asset sits at the intersection of strong corporate demand and a market primed for hospitality upgrades. Investment Highlights: • Clarksville, Indiana has become One of the Stronger Redevelopment and Hospitality Growth Stories in the Louisville MSA • Southern Indiana Tourism's Feasibility Study for a Southern Indiana Conference Center Points to Future Group Demand and Hotel Development Opportunity • River Ridge Commerce Center Hit Nearly $3.6 Billion in Economic Impact in 2025, with Onsite Employment Surpassing 13,300 Jobs a Steady Source of Business Travel Demand for Area Hotels

Market Context

This hospitality in Clarksville, IN is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1984. Compare it against other hospitality listings for sale in Clarksville, IN — view the full market.

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