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Hotel / Motel For Sale: Holiday Inn Express (Columbus, OH)

Property Information

  • Price (IN USD $):
  • Address: 4041 Hamilton Square Boulevard, Columbus, OH 43125
  • For Sale/Auction?: Sale
  • Rooms: 81
  • State: Ohio
  • Buildings: 1
  • Country: USA
  • City: Columbus
  • Area ( Sq.Ft. ): 118,396 Sq. Ft.
  • Zip Code: 43125
  • Property ID : 3348

Property Description

Marcus & Millichap has been retained to exclusively represent the owner in the sale of this 81 room Holiday Inn Express built in 2001. The property is located in Columbus, the state capital of Ohio, home to Ohio State University, six Fortune 500 companies, and much more. The property is minutes from the Motts Military Museum, AMA Motorcycle hall of fame, K-mart Distribution Center, Defense Supply Center Columbus and TS Trim Industries Inc.

The property is three stories, interior corridor and has common area amenities such as: indoor pool, fitness center, business center, ice machine, dry clean valet service, free breakfast, free WiFi, safety deposit box, and free newspaper. The hotel has the following room amenities: Flat screen TV, clock radio, table and chair, hair dryer, iron/ironing board, direct dial phone, coffee maker, microwave, refrigerator, and connecting rooms. The property has a trailing 12 month room revenue over $1,695,805 and is priced under $70,000 per key. The property upon transfer will have a PIP estimated around $300K which will enable the property to maintain its rate and raise occupancy.

Additional Features

Three Story Interior Corridor
81 Rooms
Outperforming Comp Set by $16.40
RevPar
Upward Trending Revenue
10.12 Percent Cap Rate
$20,936 Per Key in Room Revenues
22.03. Percent Cash-on-Cash Return
Below Replacement at $69,136 Per Key

For Sale by Agent

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Alexandre Duong

Listing Details :
Listed on : 1:33 pm
Property Id : #3348

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