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Red Roof Inn Akron 2939 S Arlington Rd 121 Room Hotel Akron, OH 44312 $2,950,000 ($24,380/Room)
EXECUTIVE SUMMARY
Red Roof Inn 121 Rooms off the Hwy, currently hotel is closed due some legal issues, all been resolved is ready for new owners. income is average 3 years over 1.2 million. all updated with minimum Property Improvement Plans (PIPs) 4.51 acre next door to Walmart and other shopping centers. major EXIT. 120. Arlington Rd. Akron, Ohio. Fuel. Food. Lodging. Parks. Attractions / Entertainment. Shopping.
Call for Offers | December 15th Offers should include: • Purchase price of the property.• Deal timing – Both Due Diligence Period and Closing Period.
• Earnest Money deposit amount and timing on when it becomes non-refundable. • Assumptions on cost and timing of Change of Ownership PIP.
• Discuss your source of equity and how you plan to finance the transaction. Attach to the bid any supporting materials.
Proposals should be sent directly via email to joe.manuel@myrealtyselect.com
Call for Offers | December 15th Offers should include: • Purchase price of the property.• Deal timing – Both Due Diligence Period and Closing Period.
• Earnest Money deposit amount and timing on when it becomes non-refundable. • Assumptions on cost and timing of Change of Ownership PIP.
• Discuss your source of equity and how you plan to finance the transaction. Attach to the bid any supporting materials.
Proposals should be sent directly via email to joe.manuel@myrealtyselect.com
PROPERTY FACTS
| Price | $2,950,000 | Building Size | 50,579 SF |
| Price Per Room | $24,380 | No. Rooms | 121 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1989/2020 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.23/1,000 SF |
| Lot Size | 4.51 AC | Corridor | Exterior |
| Zoning | N/Av, Springfield | ||
| Price | $2,950,000 |
| Price Per Room | $24,380 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.51 AC |
| Building Size | 50,579 SF |
| No. Rooms | 121 |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2020 |
| Tenancy | Single |
| Parking Ratio | 1.23/1,000 SF |
| Corridor | Exterior |
| Zoning | N/Av, Springfield |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 121 | $65.00 | - |
PROPERTY TAXES
| Parcel Number | 51-08892 | Improvements Assessment | $763,175 |
| Land Assessment | $218,575 | Total Assessment | $981,750 |
PROPERTY TAXES
Parcel Number
51-08892
Land Assessment
$218,575
Improvements Assessment
$763,175
Total Assessment
$981,750
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Red Roof Inn Akron | 2939 S Arlington Rd
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