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HOLIDAY INN EXPRESS & SUITES with OWNER FINANCING
50 NE Catawba Road, Port Clinton, OH 43452
N/A
102
100,000 SF
Hotel & Motel
Economy/ Limited Service
Investment
12.90%
3
2000
-
Last Verified 8/25/2009
Listing ID 16029651
Highlights
INCREASING REVENUE- STRONG NOI
- GREAT LOCATION
- OWNER FINANCING
- QUICK CLOSING
- CONSISTENT PERFORMER
Description
Built in 2000 the 102 Room Holiday Inn Express & Suites is strategically located to take advantage of local tourism and business demand associated with Lake Erie. Local attractions include Cedar Point, Put-in-Bay, Kelly' s Island, Catawba Island and numerous local, regional and national parks. Business demand generators include Fenner Dunlop, Silgan Plastics, US Gypsum and Magruder Hospital.
Offered at 3.5 times T12 November 2008 Gross Revenue.
Revenue has increased every year since opening in 2000.
NOI exceeds $900,000
12.9% CAP RATE
Owner Financing is available for qualified buyers with acceptable credit and operating history.
The 102 Room Holiday Inn Express Hotel & Suites Port Clinton-Catawba Island is nestled in the heart of Port Clinton Ohio, overlooking one of Ohio' s northern lagoons. Easily accessed off of I-90 the hotel is 60 miles from Toledo and 60 miles from Cleveland
Map of 50 NE Catawba Road, Port Clinton, OH 43452 (Ottawa County)
Created 12/17/2008
Additional Information for 50 Ne Catawba Road, Port Clinton, OH 43452
- Active For Sale - 0 Listing
- Active For Lease - 0 Listing
- Previously Listed - 2 Historic Listings
- Sales Comparables Available - 0 RecentSales Record
View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.