This property is Off-Market
1201 East Mall Drive
Holland, OH 43528 ·
120 Rooms · Hotel & Motel For Sale
Econo Lodge Toledo Express Airport
|Price||N/A||Property Sub-type||Economy/Limited Service|
|No. Rooms||120||Property Use Type||Investment|
|Building Size||39,168 SF||Commission Split||1.5%|
|Property Type||Hotel & Motel||Lot Size||3.13 SF|
|Listing ID: 17345495||Date Created: 09/23/2011||Last Updated: 05/08/2012|
The Econo-Lodge Hotel is an excellent investment opportunity. The property is viable for obtaining EB5 Visas. The current note of $1.65 million is also assumable, so with only a small down payment you can own this well run hotel with an NOI over $250,000. This is an urgent sale because the owner/operator is moving from Toledo.
This is an ideal Hotel location because of its access to Interstate 475, proximity to the Toledo Express Airport, the Toledo Zoo, COSI Toledo, and multiple shopping malls. The hotel provides business travelers, working at the nearby Wolf Creek Executive Park, with conveniences like computer access, spacious work desks, and copy/fax services. All of the guest rooms have coffee makers, hair dryers, irons, and ironing boards. Not only does this location already represent a strong investment opportunity, but Springfield Township is currently pursuing a joint Economic Development Initiative to further improve the area and draw in more development and economic activities.
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