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2229 East 59th Street

Marcus & Millichap Brokers Sale Of 98-Room Hotel In Anderson Indiana For Private Investor Groups
SOLDHotel

Marcus & Millichap Brokers Sale Of 98-Room Hotel In Anderson Indiana For Private Investor Groups

2229 East 59th Street

Building Size

Asset Type

Hotel

Closing

Jul 16, 2026

AI

The property involved in this transaction is a 98-room Comfort Inn hotel located at 2229 East 59th Street in Anderson, Indiana. It encompasses an area of 2.2 acres and was built in 1999. The hotel features amenities such as an indoor pool, fitness center, meeting space, and a complimentary breakfast area, making it suitable for both leisure and business travelers.

Summary of transaction details:

Marcus & Millichap brokered the sale, representing both private investor groups as the seller and buyer in this transaction. The brokers involved in the deal provided expertise in facilitating this transaction along the busy Interstate 69 corridor.

Players

Allan Miller

Marcus & Millichap

Broker

$162.9M

vol

52 deals

Broker

Warren Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93