Institutional Seller | Hampton Inn Kokomo

For Sale

2920 S Reed Rd, Kokomo, IN 46902

This Kokomo property for sale is located at 2920 S Reed Rd. Contact the listing broker for details on the current sale price for Institutional Seller | Hampton Inn Kokomo. Institutional Seller | Hampton Inn Kokomo is situated on a lot that is 3.73 acre in size.

Contacts

RI Marketplace Marketing

RealINSIGHT Marketplace

Property Details

  • Property Type Hotel / Motel - Economy/Limited Service
  • Property Size 63,336 SF
  • Lot Size 3.73 Acre
  • # of Floors 5
  • Year Built 1996
  • Year Renovated 2013
  • Date Updated Jun 26, 2026

 Investment Highlights

  • 105-Room Limited-Service Asset: Five-story, institutionally owned Hampton Inn & Suites that can be acquired at pricing well below replacement cost
  • Strategic Kokomo Location: Less than ten minutes from downtown Kokomo, in close proximity to Samsung SDI, Championship Park, Stellantis, and Grissom Air Reserve Base. Moreover, Kokomo is just one hour north of Indianapolis
  • Nearly $2.7M in TTM Room Revenue: For the TTM period ending April 2026, the property achieved nearly $2.7M in room revenue with a RevPAR of $70.
  • Significant NOI Margin Expansion Potential: A hands-on local or regional owner operator should be able to trim expenses and significantly increase NOI above the hotel’s current margin of 13.5 percent.  
  • Post-PIP Upside: Completion of the required change of ownership PIP will better position the Hampton Inn & Suites to compete more effectively with the other assets in its competitive set and the newer properties in Kokomo   
  • Unencumbered of Management, 10-Year Franchise: Offered unencumbered of management new ownership is expected to receive a new ten-year franchise agreement upon completion of the change of ownership PIP. 
  • Property tours are available by appointment only on the dates below. Please reach out to Nicholas Endre, | (224) 688-4399, to schedule. June 16th & 17th June 23rd & 24th June 30th & July 1st July 7th & 8th.
  • Bryan P. Jackson c/o Fisher Auction Company Inc. License: AU09100175. Starting Bid $2,000,000. 
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Getting around

  • 9/100

    Walk Score ®

  • 28/100

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Location

  • City Kokomo, IN
  • Neighborhood Kokomo
  • Zip Code 46902

Points of Interest

  • Speedway

    1.08 miles

  • Casey's General Store

    1.18 miles

  • BP

    1.49 miles

  • Sam's Club

    1.73 miles

  • Circle K

    1.77 miles

  • Meijer

    1.78 miles

  • Marathon

    1.97 miles

  • Brad Howell Ford Kokomo

    1.05 miles

  • Autum Terrace

    4.13 miles

  • Nickel Plate Trail Head

    5.70 miles

  • Hampton Inn & Suites Kokomo

    0.01 miles

  • Motel 6

    0.15 miles

  • Baymont

    0.23 miles

  • Comfort Inn & Suites

    0.29 miles

  • Days Inn & Suites by Wyndham Kokomo

    1.11 miles

  • Comfort Inn

    2.13 miles

  • Maplecrest Mall

    0.81 miles

  • Kroger

    0.92 miles

  • JCPenney

    0.93 miles

  • Kohl's

    0.99 miles

  • ALDI

    1.34 miles

  • Webster Plaza

    1.45 miles

  • Markland Mall

    1.55 miles

  • Target

    1.62 miles

  • Meijer

    1.69 miles

  • Walmart Supercenter

    1.95 miles

Contact Listing Broker
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