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Sold for $122,208 Sold

11410 US Hwy 250
Milan, OH 44846

Residential
Property Photo
1/8

Sold

Sold for $122,208 on Dec 22, 2008

Description

Days Inn - 67 units Days Inn - Interior Corridors The Days Inn in Milan is located at Exit 118 on I-80 (Ohio Turnpike)and is 10 miles from Cedar Point Amusement Park and near several other tourist attractions in norther Ohio. This 2-story, interior corridor hotel is only 16 years old and is in excellent condition. The hotel is owned and operated by a large management company that owns several other hotels, retail centers and office buildings in the area. This is an opportunity for the buyer who is an owner-operator to increase revenues and profitability by paying attention to details.

Features

  • Acreage: 2 acres
  • ADR: $57.06
  • Amenities: Indoor Pool, Meeting Room, Fitness Room, Game Room
  • Corridor / Floors: Interior / 2 Floors
  • Occupancy: 44.45%
  • Price Per Room: $27,611
  • RevPAR: $25.36
  • Rm Rev Multiplier: 2.9
  • Room Revenue: $621,964
  • Total Revenue: $632,179
  • Type: Limited Service
  • Year Built: 1992

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