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Sold for $52,616 Sold

78 Shafffer Park Drive
Tiffin, OH 44883

Residential
Property Photo
1/10

Sold

Sold for $52,616 on May 26, 2016

Description

Holiday Inn Express & Suites - 60 units 60 units * 78.5% Occupancy * Located in Northwest Ohio * Small, easy-to-manage hotel property * Excellent opportunity for individual or first-time buyer * Located in commercial corridor in Tiffin, Ohio * Demand generators include Tiffin University and many businesses in the area

Features

  • Acres: 2 acres
  • ADR: $79.80
  • Amenities: Meeting Room, Indoor Pool, Elevator
  • Corridors / Floors: Interior / 3 Floors
  • No. Rooms: 60
  • Occupancy: 78.5%
  • Price per Room: $65,833
  • RevPAR: $62.64
  • Rm Rev Multiplier: 2.8
  • Room Revenue: $1,371,796
  • Total Revenue: $1,382,053
  • Type: Limited Service
  • Year Built: 1999

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