Connect Midwest: Multifamily Adaptive & Reuse Trends – Chicago June 13

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Marcus & Millichap closed the sale of a Best Western Plus hotel property in French Lick, Indiana

Southern Indiana Hotel Sells at Contract Price 

Marcus & Millichap has closed the sale of Best Western Plus French Lick, a 68-key hospitality property located in the southern Indiana city of French Lick. The hotel sold for $7,500,000. 

“We had a competitive sales process with multiple strong offers,” said Scott Havericak, first VP investments. “Even though the capital markets were difficult to navigate, we closed the transaction at the contract price, and both buyer and seller were happy with the process and deal.” 

Havericak and Robert S. Hunter, investment specialists in Marcus & Millichap’s Fort Lauderdale office, marketed the property for the undisclosed seller. The buyer, an Indiana-based limited liability company, was procured by Havericak and Hunter. Josh Caruana, Marcus & Millichap’s Broker of Record in Indiana, assisted in closing this transaction. 

Built in 2015, Best Western Plus French Lick offers a range of amenities including a business center, indoor pool, fitness center, and complimentary breakfast. 


Inside The Story

Marcus & Millichap's Havericak

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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