Hospitality Business for Sale in Fort Wayne, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Fort Wayne, IN 46825
  • Year built: 2005

Description

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Candlewood Suites Fort Wayne - NW (‘Hotel’ or ‘Property’) located in Fort Wayne, Indiana. The Candlewood Suites Fort Wayne – NW is a three-story, 83-room hotel located at 5251 Distribution Drive in Fort Wayne, Indiana. The property offers direct access from I-69 at Exit 311A and is also accessible via Lima Road and Ley Road. It features recently renovated suites with updated kitchens, new flooring, and modern furnishings. Amenities include a sundry shop, brand new guest lounge with a shuffleboard and TV, meeting room, fitness center, laundry facility, and business center. As of July, the 12-month average RevPAR in the Fort Wayne Hotel Submarket increased by over 3.9 percent, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market. The hotel boasts a strong RevPAR penetration index of 143 percent for the twelve months ending in July 2025, signaling robust competitive performance and attractive long-term value for potential buyers. Fort Wayne serves as the economic and cultural hub of the Fort Wayne–New Haven MSA, home to approximately 458,000 residents and a steadily expanding commercial base. The city offers strategic accessibility via Interstate 69, I-469, and U.S. Highways 30 and 24, complemented by growing air service through Fort Wayne International Airport (FWA – 12.4 miles). The airport recently completed its West Terminal Expansion and Rehabilitation (2023) as part of the multi-phase Project Gateway, which introduced modernized ticketing, improved passenger flow, and upgraded amenities. The East Terminal Expansion, currently underway and scheduled for completion in mid-2025, will add new gates, enhanced circulation, and additional concessions—significantly improving capacity and the traveler experience for both business and leisure segments. The local eco

Market Context

This hospitality in Fort Wayne, IN is listed for sale. The building dates to 2005. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Fort Wayne, IN — <a href="/search/sale/hospitality/indiana/fort-wayne">view the full market</a>.

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