- Midscale Brand Affiliation: A Best Western Hotels & Resorts–branded, select-service Hotel featuring 50 guest rooms across four stories on 1.35 acres.
- Strong Academic Demand: Located near Valparaiso University, Purdue University Northwest, Ivy Tech Community College, Indiana University Northwest, and the University of Notre Dame.
- Cultural and Leisure Attractions: Proximity to Memorial Opera House, Brauer Museum of Art, Central Park Plaza, Indiana Aviation Museum, Star Plaza Theatre, and Indiana Dunes State Park.
- Regional Event and Tourism Drivers: Close to Porter County Expo Center, Zao Island Mini Golf and Arcade, and seasonal tourism throughout Northwest Indiana.
- Excellent Regional Connectivity: Approximately 53 miles from Chicago with access to Midway and O’Hare International Airports and nearby Northwest Indiana communities.
- Efficient Select-Service Model: Value oriented amenities such as a 24-hour fitness center, business center, and on-site laundry.
- Heightened Room Revenue: Between year-end 2023 and year-end 2024, the hotel experienced a notable increase in room revenue, driven by occupancy growth and steady ADR performance. This trend presents several advantages for potential buyers, including improved revenue stability and enhanced cash flow potential.
- Room Revenue Upside Potential: With a RevPAR Index of 75.6 percent for the twelve months ending November 2025, the hotel presents meaningful untapped potential. Leveraging strategic revenue management and targeted marketing initiatives could materially improve market penetration and unlock significant upside, delivering stronger returns for investors.
- Heightened Net Operating Income: Calculated year-end 2025 NOI totaled $176,502, with pro forma projections increasing to $242,052 by Year 3, reflecting meaningful earnings growth potential. This projected improvement presents several advantages for potential buyers, including enhanced cash flow and long-term value creation.
- Attractive Room Revenue Multiplier: The hotel offering investors a compelling opportunity to acquire the asset at a conservative valuation with significant upside potential.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Best Western University Inn at Valparaiso (‘Hotel’ or ‘Property’) located at 760 Morthland Drive in Valparaiso, Indiana. The midscale, Best Western Hotels & Resorts-branded Hotel is offered on a “Request for Offers” basis. Please reach out to the listing agent for more information.
Situated on approximately 1.35 acres, this select-service Hotel features 50 guest rooms across four stories and encompasses 58,806 square feet of gross building area. The Hotel offers common area amenities that cater to a wide variety of guests, including free high-speed Wi-Fi, a 24-hour fitness center, business center, on-site laundry facilities, elevator access, ice and vending machines, and a sundry shop. Guest rooms are equipped with blackout curtains, cable television, and in-room coffee makers.
With a RevPAR Index of 75.6 percent for the twelve months ending November 2025, the hotel presents meaningful untapped potential relative to its competitive set. Leveraging strategic revenue management and targeted marketing initiatives, a new owner could materially improve market penetration and unlock incremental room revenue upside, delivering stronger returns for investors. Additionally, the property generated calculated year-end 2025 NOI of $176,502, with pro forma projections increasing to $242,052 by Year 3, highlighting a clear path to earnings growth and long-term value creation. Complementing these fundamentals, the hotel is attractively priced at approximately $80,000 per key, offering investors a compelling opportunity to acquire the asset at a conservative valuation with significant upside potential.
Centrally positioned near Valparaiso’s primary cultural, educational, and recreational attractions, the Property benefits from a diverse mix of demand generators. Several nearby attractions are less than five miles away, including Memorial Opera House, Brauer Museum of Art, Central Park Plaza, Zao Island’s Mini Golf and Arcade, Indiana Aviation Museum, and the Porter County Fairgrounds & Expo Center, which hosts regional events and exhibitions. Additional leisure demand is driven by Star Plaza Theatre in Merrillville (13.8 miles) and Indiana Dunes State Park (14 miles), a major regional destination for outdoor recreation. Moreover, the Hotel is located less than five miles from educational institutions, including Valparaiso University and Ivy Tech Community College, with additional access to Purdue University Northwest – Westville Campus (15.3 mi), Indiana University Northwest (18.3 mi) and the University of Notre Dame (55.5 mi). These institutions generate consistent visitation from students’ families, faculty, academic conferences, and athletic events. The Property also benefits from convenient regional connectivity, located less than 20 miles from Portage, Merrillville, Chesterton, and Crown Point, approximately 53 miles from Chicago, 55 miles from Midway International Airport, and 74 miles from O’Hare International Airport. Additional access to South Bend (61.5 miles) and Indianapolis (154 miles) enhances the Hotel’s appeal for regional travelers, touring groups, and transient demand.
With a population of approximately 35,000 residents, Valparaiso is the county seat of Porter County and a key community within the Chicago metropolitan area. Anchored by Valparaiso University, the city’s diverse and stable economic base is led by healthcare, education, manufacturing, and social services. Major employers include Northwest Health, Franciscan Alliance, and Opportunity Enterprises, with additional regional employment support from Porter County’s industrial presence, including U.S. Steel and Cleveland-Cliffs. In addition to its economic strength, Valparaiso also features an award-winning downtown, strong school systems, and active civic programming that contributes to a high quality of life. Central Park Plaza serves as the heart of downtown, hosting farmers markets, concerts, seasonal events, and the city’s signature Popcorn Festival, which celebrates local icon Orville Redenbacher. The city is known for its extensive parks and recreation system, offering more than 750 acres of parkland and miles of trails, in addition to several athletic facilities, golf courses, and community amenities. With strong transportation connectivity, proximity to Chicago, and a vibrant downtown designed for walkability and placemaking, Valparaiso continues to position itself as one of Northwest Indiana’s most desirable communities.
BROKER OF RECORD
Julia Evinger
Indiana
P: (317) 218-5300
Lic #: RB14040143
