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Errol D'Souza
Laurel Real Estate Co. 

P.O. Box 284 
Galena, OH 43021-0284
Office: 740-965-1966
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Back to Sold Hotels
05/31/12

1021 Cleveland Road
Sandusky, OH 44870



Residential:
Property Photo
1/4

Sold

Sold on May 31, 2012

Description

Rodeway Inn - Cedar Point Seller Financing with $250,000 cash down SELLER FINANCING AVAILABLE WITH $250,000 CASH DOWN. The Rodeway Inn is located near Cedar Point Amusement Park (#1 rated roller coaster amusement park in America) and is near several other tourist attractions and demand generators. The hotel is just 2 miles from the Sandusky Mall and the Sandusky Speedway. Kelleys Island and Put-in-Bay island are 5 miles away. The African Safari Wildlife Park, NASA Glenn Research Center, the Sawmill Industrial Park, the Edison Birthplace Museum and the city of Port Clinton are also nearby. The Griffing Sandusky Airport is 3 miles from the hotel. There are a variety of restaurants and shops nearby. Visitors will enjoy the many outdoor activities close to the hotel, including fishing, water skiing and boating. The Rodeway Inn is of concrete block construction with exterior corridors and an indoor pool, and is in very good condition. The hotel is presently owned and operated by a large management company that owns and operates several other hotels and other real estate in the area. The Rodeway Inn is only operated for 6 months per year and would benefit from an owner-operator who can operate the hotel year-round and improve profits by controlling expenses and paying attention to details.

Features

  • Acreage: 0.97 acres
  • ADR: $64.17
  • Amenities: Indoor Pool
  • Corridor / Floors: Exterior, 2 Floors
  • Occupancy: 55.13%
  • Price Per Room: $15,469
  • RevPAR: $35.38
  • Rm Rev Multiplier: 2.8
  • Room Revenue: $343,702
  • Total Revenue: $350,543
  • Type: Limited Service

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