BridgePointe Inn & Suites * 82 Units * Seller Financing Available * No Franchise Fees

Ohio, United States

$3200000

Sale conditions: Market

Snapshot

Active

Ownership: Fee Interest
Type: Hotel
Chain / Market Scale: Midscale
Corridor: Interior
No. of Keys: 82
Site Size: 1.79 AC

82-unit interior corridor property with proximity to several interstate highways.

Seller financing available with 25% down.

Property is 2.1 miles from Hollywood Casino and 4.0 miles from Downtown Toledo, two large demand generators. Also centrally located to the University of Toledo and Bowling Green State University (approximately 35,000 students total).

Shut-down property presents an opportunity to upbrand under new management.

Price: $3,200,000
Price per Room: $39,024
Revenue (2019): $864,848
Revenue (2020): $890,167

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Chain / Market Scale: Midscale
Corridor: Interior
Keys: 82
Building Status: Existing
No. of buildings: 1
Stories: 3
Site size: 1.79 AC
Parking Type: Surface
Construction Type: Wood Frame
Year Build: 2001
Room Inventory Description:

Address: 2600 Lauren Lane, Northwood, OH 43619
Units: 82
Buildings & Stories: Building, 3 Stories
Amenities: Meeting Rooms, Fitness Center, Indoor Pool, Hot Tub, Elevator
Corridors: Interior
Year Built: 2001
Land Area: 1.79 acres
Construction: Wood Frame
Heating & Cooling: Individual PTAC units
Roof: Pitched, Shingled
Parcel Number(s): #M50-300-240004007000 (Wood)

Common area amenities:

Business Center

Breakfast Area

Whirlpool

Exercise Room

Indoor Pool

Source of Business:

Group

Transient

Leisure

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


Lauren D'Souza

Senior Associate
Laurel Real Estate Company


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