1615 E Liberty St
Girard, OH 44420
Days Inn & Suites by Wyndham Youngstown · Hospitality Property For Sale · 53 Rooms

Marcus & Millichap is pleased to present an opportunity to acquire a newly renovated Days Inn & Suites less than 4 miles from Youngstown State University and less than 5 miles from Covelli Center & Downtown Youngstown. The subject property is one hour from Cleveland, Ohio and Pittsburgh, Pennsylvania. The Days Inn & Suites Youngstown/Girard Ohio has an occupancy of 56.13 percent, ADR of $60.29, and a RevPAR of $33.84 The hotel currently operates at 42.94 percent margins which is a net operating income $391,225.00 The Subject property generates roughly $780,000.00 in room revenues, 60 percent Occ, $59 ADR and a net operating income ranging from $370,000 - $390,000.00. The Days Inn & Suites Youngstown presents investors an opportunity to acquire a Limited Service product surrounded by multiple demand generators, significant upside potential through hands on management and the ability to achieve over a 45% (EBITDA) return year over year for the then five years. All rooms and suites include en-suite bathrooms with showers and tubs, free Wi-Fi, TVs, and desks with ergonomic chairs. Other amenities include microwaves, mini-fridges, and tea and coffeemakers. Whirlpool tub suites are available. Also currently includes a continental breakfast buffet as well as parking for cars, trucks and buses. There is a heated indoor pool, hot tub, fitness center, and business centers with meeting rooms available. The subject property also has an owners apartment which consists of two floors, two living rooms, two full kitchens, three bed rooms, two full baths,, and patio area. All rooms and suites include en-suite bathrooms with showers and tubs, free Wi-Fi, TVs, and desks with ergonomic chairs. Other amenities include microwaves, mini-fridges, and tea and coffeemakers. Whirlpool tub suites are available. Also currently includes a continental breakfast buffet as well as parking for cars, trucks and buses. In 2019 all rooms received brand new mattresses, bedspreads, & bed sheets. Features brand new water heaters in 2019 as well. There is a heated indoor pool, hot tub, and fitness and business centers with meeting rooms available. The subject property also has an owners apartment which consists of two floors, two living rooms, two full kitchens, three bed rooms, two full baths, and patio area. The Seller has owned this hotel for 25 years, it was a former Econo Lodge, and in 2007 they converted it into a Days Inn & Suites by Wyndham. ***Main reason current owner is selling is due to the fact that they now live in Eastern Pennsylvania.***