Paramount Lodging Advisors sells Fairfield Inn & Suites development site in Gas City

Paramount Lodging Advisors completed the sale of a 1.5-acre hotel development site at I-69 and SR 22 in Gas City, Indiana, where a 110-key Fairfield Inn & Suites by Marriott is planned. The deal adds another hospitality project site along a Midwest interstate corridor with access to east-central Indiana demand.

Why it matters: - The sale advances a planned 110-key upper-midscale Fairfield Inn & Suites by Marriott in Gas City, Indiana. - The site’s interstate access and visibility make it attractive for hotel development tied to business and leisure travel in east-central Indiana. - The transaction reflects continued buyer interest in hospitality development sites along established Midwest highway corridors.

What happened: - Paramount Lodging Advisors completed the sale of an approximately 1.5-acre development site in Gas City. - The commercially approved parcel was sold fee simple. - The parcel is planned for a proposed 110-key Fairfield Inn & Suites by Marriott. - The transaction was led by Carter Benedict, senior associate at Paramount Lodging Advisors.

The details: - The site sits at Interstate 69, Exit 259, and State Road 22 / US-35. - The location offers direct north-south interstate access. - The property is in Grant County, about 70 miles northeast of Indianapolis. - Marriott says Fairfield is one of its leading select-service brands, with more than 1,200 hotels worldwide. - Paramount Lodging Advisors described the site as a fit for hotel developers seeking interstate access, visibility and a proven Marriott brand. - Carter Benedict said the firm guided the client from marketing through closing. - Paramount Lodging Advisors said the sale delivered a strong result for the client. - More information about the firm is available here.

Between the lines: - The deal suggests developers still see value in smaller, well-located hotel sites that can support branded select-service flags. - Gas City’s position near a major interstate interchange gives the project a built-in traffic base beyond local demand. - Marriott’s scale can help reduce branding risk for a buyer pursuing new hotel development.

What's next: - The buyer can move forward with plans for the Fairfield Inn & Suites project, subject to development and financing steps. - Paramount Lodging Advisors said the closing reinforces its work across hospitality development opportunities. - The firm said it expects to build on the momentum with clients, partners and colleagues.

The bottom line: - The sale clears the way for a new Marriott-branded hotel site at a high-visibility Indiana interstate location.