Best Western * 52 Units * Interior Corridors * Fully Renovated * No PIP * Excellent for Owner-Operator

Ohio, United States

$2500000

Sale conditions: Market

Snapshot

Active

Ownership: Fee Interest
Type: Hotel
Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Best Western
Corridor: Interior
No. of Keys: 52
Site Size: 1.81 AC

• Price: $2,500,000
• 52 Units
• Price per Room: $48,077
• Revenue: $678,392
• Revenue per Room: $13,046
• Revenue Multiplier: 3.6
• Occupancy: 38.1%
• ADR: $93.91
• RevPAR: $35.74
• Interior Corridors
• Fully Renovated and PIP Completed in 2020
• Small, Easy to Operate Hotel - No PIP - Excellent for Owner-Operator

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Best Western
Corridor: Interior
Keys: 52
Building Status: Existing
No. of buildings: 1
Stories: 2
Site size: 1.81 AC
Parking Type: Surface
Construction Type: Wood Frame
Year Build: 1998
Year Renovated: 2018
Room Inventory Description:

DO NOT CONTACT HOTEL DIRECTLY

Address:                1690 N Countyline Street, Fostoria, Ohio 44830
# Rooms:               52
# Stories:               2
# Buildings:           1
Corridors:              Interior
Year Built:              1998
Land Area:             1.81 acres
Construction:        Wood Frame
Roof:                      Pitched, Shingled
HVAC:  Individual room HVAC units
Fire Protection:     Wet Sprinkler System, Hard-Wired Smoke Detectors
Amenities:             Indoor Pool
Franchise:             Best Western - Qualifies for Auto Transfer - No Buyer PIP
Parcel #:                Seneca County Parcel # P51010851640300

Common area amenities:

Business Center

High Speed Internet

Whirlpool

Indoor Pool

Source of Business:

Transient

Commercial

Additional Links:

Location


Country: United States
State: Ohio
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

Brokers

Errol Anthony D'Souza, CHB

President, Principal Broker
Laurel Real Estate Company

FL #BK3479090
OH #BRK.2002016764

740 965 1966
edsouza@laurelsales.com


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