Holiday Inn & Candlewood Suites – Independence, OH

$29,000,000

About the Property

  • Units:
    351
  • Price ($):
    $29,000,000
  • Year built:
    1974
  • # Buildings:
    2 Buildings / 5 Stories
  • Year renovated:
    2020
  • Corridor:
    Interior
  • Building:
    Masonry
  • HVAC:
    Individual PTAC units
  • Parking:
    Surface
  • Roof:
    Flat rubber / flat asphalt
  • Parcel Number(s):
    #561-22-004
  • Land Size:
    4.79 acres

Financial Highlights

Total Room Revenue
$9,222,818
Total Other Revenue
$3,708,905
Total Combined Revenue
$12,931,723
NOI
$3,852,740
Capitalization Rate
13.3%

Amenities

  • Breakfast Area
  • Conference Center
  • Elevator
  • Exercise Room
  • Indoor Pool
  • Lounge (owned)
  • Restaurant (owned)