Norwood Inn * Columbus OH * Seller Financing * 135 Units * Previous Comfort Inn doing $2.1M * Approved for Best Western

Ohio, United States

$5450000

Sale conditions: Market

Snapshot

Active

Type: Hotel
Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Best Western
Corridor: Interior
No. of Keys: 135
Site Size: 4.275 AC

Price: $5,450,000
Price per Room: $40,370
Revenue 2021: $1,252,663
Revenue 2017: $2,106,693
(As Comfort Inn)
Revenue Multiplier: 4.35
Occupancy: 44.0%
ADR: $57.71
RevPAR: $25.42

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Limited Service
Chain / Market Scale: Midscale
Additional Property Type: Hotel
Brand: Best Western
Corridor: Interior
Keys: 135
Room SF: 288
Building Status: Existing
No. of buildings: 1
Stories: 2
Building size(SF): 76172
Site size: 4.275 AC
Sprinklers: None
Parking Type: Surface
Parking Spaces: 180
Construction Type: Reinforced Concrete
Year Build: 1972
Year Renovated: 2017
Room Inventory Description:

# Rooms: 135
# Stories: 2
# Buildings: 1
Corridors: Interior
Year Built: 1972
Land Area: 4.275 acres
Construction: Concrete
HVAC: Individual room HVAC units
Roof: Pitched-Shingled
Amenities: Indoor Pool, Elevator, Meeting Rooms
Franchise: Approved for Conversion to Best Western
Parcel ID: Franklin County Parcels #010-121652-00

Common area amenities:

Business Center

High Speed Internet

Breakfast Area

Exercise Room

Indoor Pool

Source of Business:

Group

Transient

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


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