For immediate release
[Monticello, Indiana – 01/12/2023]
Huff, Niehaus & Associates Arranges the Sale of the Best Western Plus in Monticello, Indiana
Huff, Niehaus & Associates, Inc. is pleased to announce the successful sale of the Best Western Plus Brandywine Inn & Suites in Monticello, Indiana. The Seller, Brandywine Complex, Inc., built the hotel in 2002. Located equal distances from Chicago and Indianapolis which draws on those major markets for visitors and businesses. Situated on 5.56+/- acres, the complex contains the 59-room hotel, the Brandywine Reception & Meeting Center, and the Sculptures Sports & Fitness Center. Amenities include a fitness center, tennis/pickleball courts, indoor basketball/volleyball court, ballroom and a large meeting and reception center with seating up to 400+. Brandt Niehaus, President of Huff, Niehaus & Associates, Inc., represented the Seller and assisted the Purchaser in the transaction. The property sold for $5,750,000 with an automatic transfer of the Best Western Plus brand to an investment group with other franchise hotels.
Brandt Niehaus, President of Huff, Niehaus & Associates, Inc. based in Louisville, Kentucky, is a licensed broker in Alabama, Indiana, Kentucky, Massachusetts, Ohio, and Tennessee. He earned the coveted Broker of the Year award in 2018, 2017 and 2014 and is a thirteen-time recipient of Top Regional Broker recognition. Since 1975, Huff, Niehaus & Associates has evolved into a full-service real estate firm providing many services exclusively to the hospitality industry and lenders, including brokerage services, Broker’s Opinions of Value, expert witness testimony and development consultation. Huff, Niehaus can be found online at www.huffniehaus.com.
Founded in 1959, Hotel Brokers International is the industry’s oldest network of hospitality broker professionals. HBI Brokers lead the industry in hotel real estate sales and have successfully negotiated more than 11,000 hotel real estate transactions. The organization’s website features a large inventory of hotel property listings and attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker Program, the real estate industry’s only professional designation program for hotel brokers. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals, and investment services. For more information about HBI’s hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
Brandt Niehaus CHB, CCIM
Huff, Niehaus & Associates, Inc.
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri