Super 8 by Wyndham Findlay 1951 Broad Ave 114 Room Hotel Findlay, OH 45840 $4,600,000 ($40,351/Room) 14.72% Cap Rate
INVESTMENT HIGHLIGHTS
- The only Wyndham-branded hotel in the area, offering a competitive advantage and strong brand recognition to attract loyal guests.
- Revenue increased from $1.10M in 2022 to $1.55M in 2023, driven by higher ADR and occupancy.
- Situated directly off I-75, providing excellent visibility and easy accessibility for travelers, ensuring consistent demand.
EXECUTIVE SUMMARY
The Super 8 by Wyndham Findlay is a 114-room, two-story hotel built in 1986 and renovated in 2022. It sits on 2.38 acres at 1951 Broad Ave, Findlay, OH 45840, conveniently located off Interstate 75. This property is currently the only Wyndham-branded hotel in the area. The hotel offers several common area amenities, including a business center, guest laundry facilities, and complimentary breakfast.
Findlay, known as the "Flag City, USA," is a vibrant city located in northwest Ohio. As the county seat of Hancock County, it boasts a rich history and a strong sense of community. The city is home to diverse industries, including manufacturing, agriculture, and healthcare, with notable employers such as Marathon Petroleum Corporation headquartered there.
Findlay, known as the "Flag City, USA," is a vibrant city located in northwest Ohio. As the county seat of Hancock County, it boasts a rich history and a strong sense of community. The city is home to diverse industries, including manufacturing, agriculture, and healthcare, with notable employers such as Marathon Petroleum Corporation headquartered there.
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PROPERTY FACTS
| Price | $4,600,000 |
| Price Per Room | $40,351 |
| Sale Type | Investment |
| Cap Rate | 14.72% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.38 AC |
| Building Size | 24,882 SF |
| No. Rooms | 114 |
| No. Stories | 2 |
| Year Built | 1986 |
| Tenancy | Single |
| Parking Ratio | 4.58/1,000 SF |
| Corridor | Exterior |
| Zoning | C-2 - Commercial |
AMENITIES
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $80.00 | - |
| Guest Room | 112 | $62.00 | - |
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PROPERTY TAXES
| Parcel Number | 61-0001003524 | Improvements Assessment | $839,780 |
| Land Assessment | $46,000 | Total Assessment | $885,780 |
CONTACTS
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Jasnayak Sohi -
Dhaval Taylor -
Jasdeep Sohi -
The Sohi Group
