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Cobblestone Hotel & Suites Orrville 1720 N Main St 54 Room Hotel Orrville, OH 44667 $4,400,000 ($81,481/Room)
Investment Highlights
- Motivated, absentee seller
- Opportunity for a more involved owner to improve performance and increase profit
- Located near The J.M. Smucker Company headquarters, along with other local employers that drive regular business travel
- Same owner since construction in 2017
- Strong, steady revenue with minima day-to-day involvement
- Within the greater Cleveland / Akron market with convenient highway access
Executive Summary
This Cobblestone property in Orrville, Ohio presents a great opportunity for an investor with a motivated, absentee seller and consistent ownership since its construction in 2017. The asset has been well maintained and operates with strong, steady revenue that has had minimal day-to-day involvement, making it attractive both for passive investors and those looking to step in more actively to increase profitability.
The property benefits from its proximity to The J.M. Smucker Company headquarters, along with other local employers that support regular business travel and dependable occupancy. It is also positioned within the broader Cleveland / Akron market, with convenient highway access that connects it to key regional demand drivers.
For a more engaged owner, there is a clear path to improve operations and increase profitability while building on an already stable revenue base.
In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946
Scott Reid, OH - BRKP.2020001224
Broker of Record
Ted Holmes, OK -
#155078
Listing Broker
Bruce Holmes, OK -
#071875
Listing Broker
The property benefits from its proximity to The J.M. Smucker Company headquarters, along with other local employers that support regular business travel and dependable occupancy. It is also positioned within the broader Cleveland / Akron market, with convenient highway access that connects it to key regional demand drivers.
For a more engaged owner, there is a clear path to improve operations and increase profitability while building on an already stable revenue base.
In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946
Scott Reid, OH - BRKP.2020001224
Broker of Record
Ted Holmes, OK -
#155078
Listing Broker
Bruce Holmes, OK -
#071875
Listing Broker
Property Facts
| Price | $4,400,000 | Building Size | 30,173 SF |
| Price Per Room | $81,481 | No. Rooms | 54 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2017 |
| Property Subtype | Hotel | Parking Ratio | 1.66/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.62 AC | ||
| Zoning | I-2 | ||
| Price | $4,400,000 |
| Price Per Room | $81,481 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.62 AC |
| Building Size | 30,173 SF |
| No. Rooms | 54 |
| No. Stories | 3 |
| Year Built | 2017 |
| Parking Ratio | 1.66/1,000 SF |
| Corridor | Interior |
| Zoning | I-2 |
Amenities
- Business Center
- Fitness Center
- Pool
- On-Site Retail
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | $134.00 | - |
| Guest Room | 46 | $109.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 58-00779-000 | Improvements Assessment | $942,200 |
| Land Assessment | $122,330 | Total Assessment | $1,064,530 |
Property Taxes
Parcel Number
58-00779-000
Land Assessment
$122,330
Improvements Assessment
$942,200
Total Assessment
$1,064,530
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Cobblestone Hotel & Suites Orrville | 1720 N Main St
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