10650 Diebold Rd, Fort Wayne, Indiana
Offered by Hodges Ward Elliott
Hodges Ward Elliott (“HWE”) is pleased to present the opportunity to acquire the dual-branded 172-room Home2 Suites/Hilton Garden Inn Fort Wayne North (“Property” or “Hotel”). Built in 2021, the Property sits directly adjacent to Parkview Regional Medical Center, Fort Wayne’s largest hospital campus by bed count and Parkview Health’s flagship medical campus.
Located off I-69 on Diebold Road, the Hotel also offers convenient access to the Allen County War Memorial Coliseum (~12 minutes), Downtown Fort Wayne (~15 minutes), and Fort Wayne International Airport (~30 minutes). Offered free and clear of existing management and financing, the Property combines recent construction, Hilton brand strength, dual-brand synergies, and growing cash flow in a market benefiting from significant healthcare, corporate, and sports investment.
The Home2 Suites and Hilton Garden Inn ranked #1 in their respective competitive sets for annual RevPAR in each year from 2023 through 2025, with RevPAR penetration indices exceeding 135%. Momentum remains strong, with year-to-date NOI increasing 34.7% year on year through September 2026.
Google’s $2 billion data center campus in southeastern Fort Wayne is now partially operational, with construction continuing. The project is creating thousands of construction jobs and hundreds of permanent operational roles.
Just north of downtown, the planned 29-acre North River mixed-use district includes a 160,000-square-foot fieldhouse projected to generate approximately 54,000 hotel room nights and $36 million in annual economic impact, according to a city-cited feasibility study.
Healthcare investment includes IU Health’s $421 million, 140-bed hospital, scheduled to open in May 2027, Parkview’s partnership with Cincinnati Children’s to expand pediatric services, and maternity care expansions at Dupont Hospital and Parkview Randallia.
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The Property is strategically located a short walk away from Parkview Regional Medical Center, Fort Wayne’s largest hospital campus by bed count and Parkview Health’s flagship hospital. The 115-acre campus includes the region’s first dedicated orthopedic hospital and only dedicated heart hospital, along with specialized cancer, women’s, and children’s care facilities. Parkview Health alone serves a regional population of more than 1.3 million and employs more than 17,500 people across its system.
Fort Wayne serves as the regional healthcare hub for northeast Indiana, northwest Ohio, and southern Michigan. Additionally, the Property benefits from nearby Dupont Hospital (~7 minutes) and the broader presence of Parkview Hospital Randallia (~17 minutes), Lutheran Hospital (~18 minutes), and Lutheran Downtown Hospital (~18 minutes).
Fort Wayne’s hotel market is experiencing substantial growth driven by rising occupancy and room rates. As of September 2026, year-to-date occupancy has reached 67.0% and ADR increased by 7.4%, generating 23.9% RevPAR growth. Room demand also increased 12.1% against a 2.9% decline in available supply.
Fort Wayne’s exceptional long-term lodging outlook is bolstered by expanding healthcare infrastructure, major corporate investment, and a strengthening convention and sports calendar. Visit Fort Wayne booked 42,000 future hotel room nights tied to various meetings, conventions, and sporting events during 2025, nearly double the prior year’s booking production.
Built in 2021, the Property is the newest hotel within a five-mile radius, offering a contemporary Hilton product with limited anticipated near-term capital requirements. Its 88 upscale guestrooms and 84 extended-stay suites accommodate a wide range of stay lengths, while its recent construction provides a competitive advantage over older surrounding hotels. The dual-brand configuration creates opportunities to share staffing, sales efforts, and back-of-house resources within a single asset.
Hilton Garden Inn and Home2 Suites are arguably two of the strongest brands within Hilton’s portfolio. Both benefit from Hilton’s global network of more than 9,400 properties across 144 countries and territories and more than 260 million Hilton Honors members.
The non-union, fee-simple interest in the Home2 Suites/Hilton Garden Inn is being offered free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel.
To receive the full Offering Memorandum and access data room materials, please execute the Confidentiality Agreement below.