Magnuson Hotel - Fort Wayne, IN

  • Property Name Magnuson Hotel
  • Asking Price $2,400,000
  • Units 42
  • Location Fort Wayne, IN

About This Property

  • 42 Units
  • 3 Story, Interior Corridor Hotel
  • Trailing Twelve Month Revenue through November 2022: $666,603
  • Located in Fort Wayne, the 2nd Most Populous City in Indiana
  • Perfect for Owner-Operator, with RevPAR of $43
  • Multiple Demand Generators including the Grand Wayne Convention Center, War Memorial Coliseum & Conference Center, and Fort Wayne Children's Zoo

The Magnuson Hotel in Fort Wayne, IN is a 42 unit, 3 story, interior corridor hotel with an additional 1 unit employee apartment, and guest laundry (1 of the 42 units is an apartment for night auditor). The hotel is located just South of Interstate 69, near to local attractions including the Allen County War Memorial Coliseum & Conference Center, Purdue University Fort Wayne, the Fort Wayne Zoo, the Northcrest Shopping Center and Glenbrook Square Shopping Mall.

The hotel has an excellent location in the Northern part of Fort Wayne, the 2nd most populous city in Indiana. It is profitable and has increasing revenue following Covid's impact, and is the perfect hotel opportunity for an owner-operator.

The Seller installed a new metal roof in 2015. The property is in excellent condition, with recent renovations including vinyl plank flooring, a newly painted exterior and interior, and in the last 4 years the Seller replaced most items excluding furniture (which was replaced in 2017). Super 8 and Econo Lodge are available among other economy brands.

This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.

The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.

By checking the below box and viewing this property, you agree that:

  1. The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
  2. The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
  3. All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.

This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.