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under contract AS OF 11/1/24. dnc 6625 Dean Memorial Pky 239 Room Hotel Hudson, OH 44236 $3,500,000 ($14,644/Room)
EXECUTIVE SUMMARY
* UNDER CONTRACT*
Re-Branding or Re-Development Opportunity.
Building could also be used for hotel, apartments, senior living or healthcare.
The Norwood Inn – Hudson OH is available again. It’s been closed for 18 months, has been broken into and had some copper stolen. It is fighting condemnation and there looks to be some mold, asbestos so there is a good opportunity to pick it up for a lot less than we were just under contract for – which was $4m. I think 3m could get this done. It will need a full rehab or to be scraped. The recent buyer was going to do a 55+ community, which the city seemed to be embracing. Multi-family is not likely to get through village council approval.
Re-Branding or Re-Development Opportunity.
Building could also be used for hotel, apartments, senior living or healthcare.
The Norwood Inn – Hudson OH is available again. It’s been closed for 18 months, has been broken into and had some copper stolen. It is fighting condemnation and there looks to be some mold, asbestos so there is a good opportunity to pick it up for a lot less than we were just under contract for – which was $4m. I think 3m could get this done. It will need a full rehab or to be scraped. The recent buyer was going to do a 55+ community, which the city seemed to be embracing. Multi-family is not likely to get through village council approval.
PROPERTY FACTS Under Contract
| Price | $3,500,000 | Building Size | 148,463 SF |
| Price Per Room | $14,644 | No. Rooms | 239 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1967 |
| Property Subtype | Hotel | Parking Ratio | 2.78/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 8.24 AC | ||
| Zoning | C-410, Hudson | ||
| Price | $3,500,000 |
| Price Per Room | $14,644 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 8.24 AC |
| Building Size | 148,463 SF |
| No. Rooms | 239 |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 2.78/1,000 SF |
| Corridor | Interior |
| Zoning | C-410, Hudson |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Spa
- On-Site Bar
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $90.00 | - |
| Guest Room | 237 | $66.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 13-01028 | Improvements Assessment | $170,660 |
| Land Assessment | $173,075 | Total Assessment | $343,735 |
PROPERTY TAXES
Parcel Number
13-01028
Land Assessment
$173,075
Improvements Assessment
$170,660
Total Assessment
$343,735
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under contract AS OF 11/1/24. dnc | 6625 Dean Memorial Pky
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