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Sold for $51,908 Sold

Fully Remodeled - No PIP
Oakwood Village, OH 00000

Residential
Property Photo
1/6

Sold

Sold for $51,908 on May 19, 2008

Description

Holiday Inn Express - 60 units Just Remodeled This hotel is a 2 story interior corridor property with a pitched roof located along Interstate I-480 at Broadway Avenue (Exit 23) on the southeast side of Cleveland, Ohio and is 11 miles from the Ohio Turnpike (Interstate I-80). The area surrounding the hotel is a busy commercial area with numerous offices, retail and service businesses. Demand generators include several corporate clients, highway travelers, tourists, amusement park attendees. The property is 10 years old and in good physical condition.

Features

  • ADR: $77.92
  • Amenities: Indoor Pool
  • Corridor/Floors: Interior/2 Floors
  • Occupancy: 63.6%
  • Price Per Room: $59,090
  • RevPAR: $41.68
  • Rm Rev Multiplier: 3.88
  • Room Revenue: $1,085,184
  • Type: Mid-Market

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