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Red Roof PLUS+ Columbus–Ohio State University 441 Ackerman Rd 115 Room Hotel Columbus, OH 43202 $2,750,000 ($23,913/Room)

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INVESTMENT HIGHLIGHTS

High-Profile Hotel Ground Lease For Sale
Base Term Through 2049
5-Year Options Through 2079

$3M Renovation by Red Roof Underway
10% Rental Increases Every 5 Years
1% to Cooperating Broker

EXECUTIVE SUMMARY

This high-profile hotel ground lease offers a strong long-term investment with a base term running through 2049 and five-year extension options available through 2079. The Red Roof property is currently undergoing a $3 million renovation and includes 113 total rooms situated on 2.64 acres. The lease features 10% rental increases every five years and benefits from its close proximity to The Ohio State University.

441 Ackerman Rd- Sale Flyer

PROPERTY FACTS

Price	$2,750,000	Building Size	34,848 SF
Price Per Room	$23,913	No. Rooms	115
Sale Type	Investment	No. Stories	3
Sale Conditions	Ground Lease (Leasehold) Ground Lease (Leased Fee)	Year Built/Renovated	1984/2014
Property Type	Hospitality	Tenancy	Single
Property Subtype	Hotel	Parking Ratio	3.47/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	2.83 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CAC - Hospitality

Price	$2,750,000
Price Per Room	$23,913
Sale Type	Investment
Sale Conditions	Ground Lease (Leasehold) Ground Lease (Leased Fee)
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	2.83 AC
Building Size	34,848 SF
No. Rooms	115
No. Stories	3
Year Built/Renovated	1984/2014
Tenancy	Single
Parking Ratio	3.47/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CAC - Hospitality