Holiday Inn Express * Columbus, OH Area * 61 Units * Fully Renovated in 2021 * $1.8M Revenue

Ohio, United States

$6950000

Sale conditions: Market

Snapshot

New Price

Type: Hotel
Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Holiday Inn Express
Corridor: Interior
No. of Keys: 61
Site Size: 2.53 AC

61 unit interior corridor property featuring indoor pool, fitness center, and 2.53 acres.
Fully renovated and Formula Blue PIP completed in 2021.
Located along busy I-70 corridor, only 20 minutes to downtown Columbus.
Area is a growing transportation hub with Amazon, Fedex, DHL, Target, Ace Hardware, Restoration Hardware, Kellog, and DSC Logistics recently opening warehouses nearby.
Fast-growing revenue, occupancy, ADR, and RevPAR due to increased demand for lodging in London area.

Price: $6,950,000
Price per Room: $113,934
Revenue: $1,777,741
Occupancy: 74.3%
ADR: $107.52
RevPAR: $79.84

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Holiday Inn Express
Corridor: Interior
Keys: 61
Room SF: 288
Building Status: Existing
No. of buildings: 1
Stories: 2
Site size: 2.53 AC
Parking Type: Surface
Construction Type: Reinforced Concrete
Year Build: 1997
Year Renovated: 2021
Room Inventory Description:

Address: 100 Holiday Trail NE London, OH 43140
Units: 61
Unit Size: approx. 288 square feet
Buildings & Stories: 1 Building, 2 Stories
Amenities: Indoor pool, fitness center, breakfast area
Corridors: Interior
Year Built: 1997
Land Area: 2.53 acres
Construction: Concrete
HVAC: Individual room PTAC units
Roof: Pitched, Shingled
Parcel Number: #05-00443.004 (Madison)

Common area amenities:

Breakfast Area

Exercise Room

Indoor Pool

Source of Business:

Group

Corporate

Leisure

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


Lauren D'Souza

Senior Associate
Laurel Real Estate Company


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