Red Roof Inn * 68 Units with Interior Corridors * 11% Cap. Rate
Ohio, United States
$4750000
Sale conditions: Market
Snapshot
Active| Ownership: | Fee Interest |
|---|---|
| Type: | Hotel |
| Chain / Market Scale: | Midscale |
| Brand: | Red Roof Inn |
|---|---|
| No. of Keys: | 68 |
| Site Size: | 5.264 AC |
INVESTMENT HIGHLIGHTS
• 3 story, interior corridor property with 68 units and elevator: perfect size for owner-operator.
• Strong positioning within competitive set: property is consistently ranked 2nd out of 7 properties for occupancy and RevPAR.
• Low-risk investment with consistent cash flow: FY 2023 P&L shows revenue of $1,288,882 and Net Operating Income of $523,804.
• Price: $4,750,000 (11.0% capitalization rate).
MARKET HIGHLIGHTS
• Located in Sandusky County, which is home to several major corporations including Whirlpool Corp., Revere Plastics, and Crown Battery.
• Centrally positioned near multiple diverse demand streams, including Norfolk & Southern Railroad, Whirlpool Corp., local sporting events, Cedar Point amusement park, and Ohio Turnpike.
Highlights:
Login to viewGeneral Property Information
| Property Name: | Login to view |
|---|
| Property Type: | Hotel |
|---|
| Chain / Market Scale: | Midscale |
|---|
| Brand: | Red Roof Inn |
|---|
| Keys: | 68 |
|---|
| Building Status: | Existing |
|---|
| No. of buildings: | 1 |
|---|
| Stories: | 3 |
|---|
| Site size: | 5.264 AC |
|---|
| Sprinklers: | Dry |
|---|
| Parking Type: | Surface |
|---|
| Construction Type: | Wood Frame |
|---|
| Year Build: | 2000 |
|---|
| Year Renovated: | 2021 |
|---|
Room Inventory Description:
Address: 1363 West McPherson Highway, Clyde, OH 43410
Room Count: 68
Year Built: 2000
Buildings: 1 building, 3 stories
Amenities: Indoor pool, fitness center, breakfast area, meeting room, elevator
Parcel Size: 5.264 acres
Construction: Wood frame
Roof: Pitched, Shingled
HVAC: Individual PTAC units
Elevators: 1
Fire Safety: Wet and dry sprinklers
Common area amenities:
Business Center
Breakfast Area
Exercise Room
Indoor Pool
Source of Business:
Government
Transient
Corporate
Leisure
Additional Links:
Login to viewLocation
| Country: | United States |
|---|
| City: | Login to view |
|---|
| State: | Ohio |
|---|
| Postal Code: | Login to view |
|---|
| APN/Parcel ID: | Login to view |
|---|
| Location Type: | Login to view |
|---|
Location Overview:
Brokers
Errol Anthony D'Souza, CHB
President, Principal Broker
Laurel Real Estate Company
Lauren D'Souza
Senior Associate
Laurel Real Estate Company
JOIN HOTEL BROKERS INTERNATIONAL
Brokers
Becoming a member of Hotel Brokers International will provide opportunities to further your brokerage career.
Learn More
Affiliate Membership
Hotel Brokers International’s affiliate program positions hospitality service providers in the center of the largest, most comprehensive brokerage network in the industry.
Learn More
CHB
The industry’s only certification in hotel brokerage, designed to distinguish those who have advanced their professionalism and competence in hotel brokerage.
Learn More