INVESTMENT HIGHLIGHTS
• 71 unit interior corridor property offered fee simple and unencumbered by management. Property is a small, manageable size for a first-time buyer or owner-operator.
• Recently renovated: current owners completed a $750,000 renovation in 2020 which included all furniture, interior & exterior paint, guest room locks, and signage.
• Significant upside potential: June 2024 STAR Report shows that the property ranks 5 of 6 for occupancy, 6 of 6 for ADR, and 5 of 6 for RevPAR. Room revenue, adjusted per competitive set, reflects unrealized gains of over $990,000.

MARKET HIGHLIGHTS
• Diversified revenue generators: Property enjoys proximity to multiple corporations across several diverse industries, including healthcare, mining, manufacturing, and energy. Property also benefits from tourism to Lake
Erie and surrounding attractions, including Cedar Point Amusement Park, Put-In Bay, Kelleys Island, and Kalahari Resorts.
• Growing demand: visits to the Lake Erie Islands & Shores region increased 17% between 2021 and 2023. In 2023, an estimated 13 million visitors generated over $3.1 billion in tourism sales.

Highlights:

Room Inventory Description:

Address: 947 OH-53, Port Clinton, OH 43452
Room Count: 71
Year Built: 1999
Buildings: 1
Stories: 3
Amenities: Indoor pool
Parcel Size: 1.9470 acres
Construction: Wood frame
Roof: Pitched, Shingled
HVAC: Individual PTAC units
Elevators: 1

Common area amenities:

Source of Business:

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