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Baymont Inn & Suites 887 Morse Rd 134 Room Hotel Columbus, OH 43229 $4,500,000 ($33,582/Room) 11.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Turnkey Property: The hotel has minimal outstanding PIP as the owner has continued to renovate the property over the last three years.
- Located Near Multiple Demand Drivers: Just off the I-71 in North Columbus, the hotel experiences demand from various areas including leisure, entertai
- Cash Flowing Business: Given the limited-service nature of the hotel, the new owner will be able to maintain a low expense load, providing a higher ca
EXECUTIVE SUMMARY
Broker of Record
Matthew Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matthew Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
PROPERTY FACTS
| Price | $4,500,000 | Lot Size | 2.36 AC |
| Price Per Room | $33,582 | Building Size | 43,992 SF |
| Sale Type | Investment | No. Rooms | 134 |
| Cap Rate | 11.11% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1989/2012 |
| Property Subtype | Hotel | Parking Ratio | 3.73/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | CPD, Columbus | ||
| Price | $4,500,000 |
| Price Per Room | $33,582 |
| Sale Type | Investment |
| Cap Rate | 11.11% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.36 AC |
| Building Size | 43,992 SF |
| No. Rooms | 134 |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2012 |
| Parking Ratio | 3.73/1,000 SF |
| Corridor | Exterior |
| Zoning | CPD, Columbus |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 49 | $81.00 | - |
| Guest Room | 85 | $76.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $756,390 | |
| Land Assessment | $364,220 | Total Assessment | $1,120,610 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$364,220
Improvements Assessment
$756,390
Total Assessment
$1,120,610
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Baymont Inn & Suites | 887 Morse Rd
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