Matthews Brokers $8.8 Million Sale Of Renovated Hotel In Evansville Indiana
5400 Weston Road
$8,800,000
Building Size
—
Asset Type
Hotel
Closing
Feb 17, 2026
About this deal
AI
The sale involved a hotel asset located at 5400 Weston Road, Evansville, IN. The property is a renovated Fairfield Inn with a total of 110 keys and a price per key of $80,000. The transaction was completed on February 17, 2026, with a total sale price of $8,800,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $8,800,000
- Address: 5400 Weston Road
- Market: Evansville, IN
- Keys: 110
- PPK: $80,000
The transaction was brokered by Mitchell Glasson and Luke Whittaker from Matthews. This sale represents the largest hospitality transaction in Evansville over the past year, following the property's full renovation in 2022 when it transitioned from a PathMark supermarket.
On the Map
$8,800,000
Hotel
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Evansville 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93