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:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 2229 East 59th Street
- Market: Anderson, IN
- Acres: 2.2
- Keys: 98
- Brokers: Ebrahim Valliani, Michael Klar, Julia Evinger, Allan Miller & Christopher Gomes - Marcus & Millichap
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
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