- Prime Branded Location: Hawthorn Extended Stay Offers Top Visibility Near I-69/Highway 27, Close to Spiece Fieldhouse, Glenbrook Mall, and the Allen County Coliseum.
- Expanding Local Economy: Fort Wayne MSA is growing with $2.6B in 2024 Private Investment and Low Unemployment Across Manufacturing, Healthcare, Defense, and Logistics.
- University Lodging Demand: Nearby Purdue FW, Indiana Tech, USF, and Ivy Tech Drive Consistent Hotel Demand from Students, Faculty, Events, and Visiting Families.
- Major Employers Nearby: Close to GM, Amazon, Google, Raytheon, BAE Systems, L3Harris, Regal Rexnord, and Sweetwater Sound—Key Drivers of Corporate Lodging.
- Tourism & Events Hub: 9M+ yearly visitors drawn to the Zoo, Coliseum, Embassy Theatre, Parkview Field, and Grand Wayne Convention Center.
- Active Development Market: $3.6B in 2024 Permits and $500M+ Downtown Investment Since 2005 Signal Strong Development Momentum and Hotel Demand.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Hawthorn Extended Stay by Wyndham Fort Wayne (“Hotel” or “Property”) located in Fort Wayne, Indiana. The Wyndham Hotels & Resorts-branded extended stay hotel is offered at $4,995,000 or $62,438 per key.
The Hawthorn Extended Stay by Wyndham Fort Wayne is a two-story, 80-room hotel located at 4919 Lima Road in Fort Wayne, Indiana. The Hotel is situated just off Highway 27 and close to I-69. Guest accommodation features spacious all-suite layouts, including studio and one-bedroom setups averaging approximately 620 square feet, with separate living, sleeping, and kitchen areas. Each suite includes a fully equipped kitchen with dishwasher, oven, stove and kitchen supplies, sitting area with sofa bed, fireplace, and refrigerator with ice maker. Common area amenities at the Property include a sundry shop, seasonal outdoor pool, tennis court, barbeque grills, business center, on-site guest laundry, breakfast area, and bus/truck/RV parking.
The hotel boasts a strong RevPAR penetration index of 126 percent for the twelve months ending in May 2025, signaling robust competitive performance and attractive long-term value for potential buyers. As of June, the 12-month average RevPAR in the Fort Wayne Hotel Submarket increased by over 1.6 percent, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market.
Fort Wayne, Indiana, presents a compelling opportunity for hotel investment, backed by a dynamic and growing metropolitan statistical area (MSA) with a diversified economy, strong institutional presence, and a flourishing tourism and convention industry. The Fort Wayne MSA, encompassing Allen, Wells, and Whitley counties, supports a population of approximately 458,000 and anchors a broader regional population of over 645,000. The region experienced historic economic growth in 2024, with over $2.6 billion in private investment, the creation of more than 1,000 new jobs, and nearly $75 million in new payroll. Unemployment remains low, with projections holding around 4 percent, signaling a stable labor market and business-friendly climate.
The area’s higher education institutions, including Purdue University Fort Wayne (3.1 miles), Indiana Tech (4.5 miles), the University of Saint Francis (3.8 miles), and Ivy Tech Community College (3.2 miles), collectively attract a steady influx of students, faculty, and visiting families. These institutions drive lodging demand year-round, particularly during academic conferences, graduations, and recruitment events. In parallel, the region is anchored by major employers such as Parkview Health, General Motors Fort Wayne Assembly Plant (17.5 miles), Amazon (4.9 miles), Sweetwater Sound (3.8 miles), Lincoln Financial Group (4.3 miles), and BAE Systems (11.0 miles). Google also broke ground on a $2 billion data center campus in Fort Wayne in April 2024, with construction continuing through 2025.Fort Wayne is also home to active operations from Raytheon (RTX – 0.6 miles), L3Harris Technologies (1.8 miles), and Regal Rexnord (2.0 miles). Raytheon and L3Harris maintain advanced defense manufacturing facilities supporting major federal contracts, while Regal Rexnord continues manufacturing operations at its long-standing Cook Road location. These high-tech and defense-related employers further strengthen year-round lodging demand from engineers, contractors, and government affiliates.
Fort Wayne is also home to multiple specialty hospitals, including Parkview Health’s Regional Medical Center (6.6 miles) and Lutheran Health Network’s specialty facilities, which attract out-of-town patients and their families, further fueling demand for extended-stay and transient accommodation. In addition to its economic and healthcare infrastructure, Fort Wayne boasts a robust tourism sector. The city attracts over 9 million annual visitors, generating more than $1.1 billion in visitor spending and supporting over 14,000 hospitality-related jobs. Popular attractions include the historic Embassy Theatre (4.1 miles), Fort Wayne Zoo (2.0 miles), Parkview Field (4.0 miles), Science Central (2.7 miles), the Foellinger-Freimann Botanical Conservatory (3.7 miles), and Glenbrook Square Mall (1.3 miles), along with a calendar of festivals, sports events, and performing arts programming that boosts weekend and seasonal lodging demand.
From a meeting and events perspective, Fort Wayne is exceptionally well positioned. The Grand Wayne Convention Center (4.1 miles) and the Allen County War Memorial Coliseum (2.1 miles) host a wide range of conventions, trade shows, and sporting events. Spiece Fieldhouse further enhances the city’s ability to attract regional sports tournaments and recreational events. Together, these facilities offer more than 175,000 square feet of flexible event space and are key contributors to weekday and weekend occupancy levels. Hotels within proximity to these venues benefit from strong group and transient demand, especially when paired with modern meeting space or group accommodation.
The city’s downtown corridor continues to experience transformative redevelopment. Since 2005, more than $500 million has been invested in downtown Fort Wayne, including new hotels, residential towers, riverfront improvements, and mixed-use spaces. In 2024 alone, over $3.6 billion in building permits were issued across Allen County, highlighting sustained developer and investor confidence. This activity supports the need for additional lodging, particularly full-service or upscale select-service hotels that can accommodate growing demand from both business and leisure travelers.
BROKER OF RECORD
Josh Caruana
Indiana
P: (317) 218-5300
License #: IN: RB14034355
