This property is Off-Market

state route 43 and I-76 , at the ramp
Kent, OH 44240 ·

152 Rooms · Hotel & Motel For Sale

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Ramada Inn

Price N/A Property Use Type Investment
No. Rooms 152 Cap Rate 12%
Building Size 52,000 SF No. Stories 2
Property Type Hotel & Motel Lot Size 5.50 AC
Property Sub-type
Full Service
More...
  • Economy/ Limited Service
Listing ID: 13949170 Date Created: 06/22/2004 Last Updated: 06/09/2005

Description

150 room Ramada Inn situated on almost 6 acres of land.Banquet hall can accomodate 275-350 people.meeting rooms. Restaurant. Lounge. Outdoor pool. Exterior corridors.Preferred choice for Kent state activities.Annual room revenue 1.2M. Total revenue 1.65M. Spent over 1.0M in renovations in1998-2003. Potential to make restaurant highway franchise. Host hotel for Kent State University. within 4 miles. ( second largest in state)

Address 4363 State route 43. At the ramp of 43 for I-76.Best lopcation on exit. no full service hotel within 20 miles.

Highlights

  • excellent condition
  • Only full service hotel within 20 miles
  • Great location

Research

state route 43 and I-76 , at the ramp, Kent, OH 44240 (Portage County)

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