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Sold for $50,516 Sold

9371 State Route 14
Streetsboro, OH 43021

Residential
Property Photo
1/11

Sold

Sold for $50,516 on May 5, 2016

Description

Microtel Inn & Suites - 98 units * Absentee, Out-of-State Owner * Underperforming hotel in excellent condition and in a strong lodging market. The RevPAR index is only 38% of the competitive set indicating that there is tremendous upside potential for the right owner/operator who can be fully involved in the operations of the hotel and pay attention to service and marketing details. * Interior Corridors, Elevator, Indoor Pool, Meeting Rooms, Fitness Center, Guest Laundry

Features

  • Acres: 2 acres
  • ADR: $59.65
  • Amenities: Meeting Room, Indoor Pool, Elevator, Fitness Center
  • Corridors / Floors: Interior / 3 Floors
  • No. Rooms: 95
  • Occupancy: 31%
  • Price per Room: $20,789
  • RevPAR: $18.23
  • Rm Rev Multiplier: 3.0
  • Room Revenue: $632,204
  • Total Revenue: $636,852
  • Type: Limited Service
  • Year Built: 1998

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