Radisson Hotel Louisville North


Price:
$11,500,000

Address :
505 Marriott Dr
Clarksville, IN 47129


  •  Improving performance in both revenues and profitability
  •  Excellent physical condition with just under $1,700,000 in renovations over the past three years as part of conversion to Radisson
  •  Approximately $32,500 per room renovated
  •  2.25 multiple of trailing 12 month room revenues
  •  Well located in metro Louisville market, near downtown and major interstates
    View Map    View Aerial
  •  Located north of the Ohio River, Clarksville is part of the Louisville Metropolitan Statistical Area, which is home to 1,293,873 people
  •  Well-Developed Sub-Market with Numerous Restaurants, Retail & Travel-Related Services
  •  Great Visibility & Market Presence With Easy Access to Interstate 65
  •  Only Minutes from Downtown Louisville
  •  Adjacent to Atlantis Water Park
  •  Close to Regional Demand Generators:
    •  2 Miles to Belle of Louisville Steamboat
    •  2 Miles to the Louisville Slugger Park & Museum
    •  8 Miles to Churchill Downs & the Kentucky Derby Museum
    •  9 Miles to River Ridge Commerce Center
    •  9 Miles to Louisville Zoo
    •  13 Miles to Horseshoe Southern Indiana
  •  Two 3-Story Buildings
  •  One 9-Story Building
  •  Interior Corridors
  •  Concrete and Steel Structure
  •  Brick Veneer Exterior Walls
  •  Flat, Built-Up Roof
  •  Asphalt Parking Lot (±835 Spaces)
  •  Champions Grille & Quarter Pole Lounge
  •  Meeting Space (15,694 Sq. Ft.)
  •  Guest Laundry, Business Center, Wireless Internet, Fitness Center
  •  Indoor Pool, Outdoor Pool with Sundeck, Miniature Golf Course, Outdoor Tennis Court
  •  Beauty Salon, Atlantis Water Park (Seasonal), Helicopter Pad
  •  ±19.962 Acres
  •  Built 1969, Tower Added 1973
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2016
2017
T-12Mos 9/18
Occupancy
50.97%
42.84%
43.89%
Average Daily Rate
$82.26
$84.37
$89.79
Room Revenue
$5,417,293
$4,657,499
$5,077,603
Net Operating Income
$880,095
$(112,458)
$597,791
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!