Historical Hotel & Motel Sale Listing - Ramada Inn

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Ramada Inn

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

N/A

152 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
152
Building Size:
52,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Additional Sub-types:
Economy/ Limited Service
Property Use Type:
Investment
Cap Rate:
12%
No. Stories:
2
Lot Size:
5.50 AC
Listing ID
13949170
Last Updated
over 1 year ago

Highlights

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

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.

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

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