Mumford Company | Trusted Hotel Advisors Since 1978

Radisson Hotel Louisville North

[Currently Under Contract]

Address :
505 Marriott Dr
Clarksville, IN 47129

Pre-Covid, both revenues and profitability were improving
Excellent physical condition with just under $1,700,000 in renovations over the past three years as part of conversion to Radisson
Seller willing to consider providing short term (24 to 36 months) first mortgage financing for a qualified purchaser after a down payment of 25% to 30%
Approximately $28,000 per room renovated
2.9 multiple of trailing 12-month room revenues
Well located in metro Louisville market, near downtown and major interstates

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
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, 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	2018	2019	T-12Mos 7/20
Occupancy	50.97%	42.84%	44.03%	48.05%	33.59%
Average Daily Rate	$82.26	$84.37	$91.16	$89.08	$78.97
RevPar	$41.93	$36.15	$40.14	$42.80	$26.53
Room Revenue	$5,417,293	$4,657,499	$5,160,608	$5,515,018	$3,427,012
Total Revenue	$6,497,629	$5,567,691	$6,158,669	$6,567,167	$4,059,079
Net Operating Income	$880,095	$(112,458)	$591,054	$804,480	($476,257)

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!

Address :
505 Marriott Dr
Clarksville, IN 47129

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Address : 505 Marriott Dr Clarksville, IN 47129

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Our Regional Offices

Address :
505 Marriott Dr
Clarksville, IN 47129