This Hospitality Property is no longer advertised on LoopNet.com.

1051 N Lexington Springmill Rd
Mansfield, OH 44906
 Hampton Inn Mansfield/Ontario · Hospitality Property For Sale · 29,586 SF

Hotels Ohio Mansfield 1051 N Lexington Springmill Rd, Mansfield, OH 44906

INVESTMENT HIGHLIGHTS

  • Three-story, 29,586 square-foot, 61-key Hampton Inn in Mansfield, Ohio.
  • Offers a 10-year relicense with Hilton upon completion of new buyer PIP.
  • Generated nearly $2.5 million of total gross revenue in 2022, translating to nearly $1 million in EBITDA.
  • Located south of I-30 and N Lexington-Springmill Road, the property is a 10-minute drive to the Mansfield Lahm Airport and Downtown Mansfield.
  • In 2021, visitors generated approximately $404.5 million in total sales, an increase of 15.4% over 2019.
  • Richland County offers investors local and state performance-based incentives to assist with business costs.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.10 AC
Building Size 29,586 SF
No. Stories 3
Year Built 1995
Parking Ratio 2.53/1,000 SF
Corridor Interior
Zoning Commercial

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Digital key

PROPERTY TAXES

Parcel Number 038-60-318-67-002 Improvements Assessment $1,255,090
Land Assessment $134,690 Total Assessment $1,389,780
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  • Listing ID: 27589548

  • Date on Market: 1/25/2023

  • Last Updated:

  • Address: 1051 N Lexington Springmill Rd, Mansfield, OH 44906

The Hospitality Property at 1051 N Lexington Springmill Rd, Mansfield, OH 44906 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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