Hotel-Motel
Country Inn & Suites Lima
804 S Leonard Ave, Lima, OH 45804
Listing Price: $5,990,000
Investment Overview
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 72-room Country Inn & Suitess located in Lima, Ohio. The hotel is a three-story property built in 2007 located directly off Interstate 75. The pProperty underwent a PIP in 2019 and is in excellent condition. As submarket RevPAR continues to rise, STR data shows oppotunity for new ownership to increase performance through Revenue Management and additional Marketing Efforts.
Country Inn & Suites Lima
Investment Highlights
- Opportunity for Hands-On Management to increase performance, current owners are frequent the property occasionally.
- Significant potential to increase ADR within the submarket as the hotel has not maintained metrics.
- Area demand generators include the Lima Memorial Health System, Lima Allen County Convention and Visitors Bureau, and Ohio State University Lima Campus.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Listing Price: $5,990,000
Investment Highlights
- Opportunity for Hands-On Management to increase performance, current owners are frequent the property occasionally.
- Significant potential to increase ADR within the submarket as the hotel has not maintained metrics.
- Area demand generators include the Lima Memorial Health System, Lima Allen County Convention and Visitors Bureau, and Ohio State University Lima Campus.
Investment Overview
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 72-room Country Inn & Suitess located in Lima, Ohio. The hotel is a three-story property built in 2007 located directly off Interstate 75. The pProperty underwent a PIP in 2019 and is in excellent condition. As submarket RevPAR continues to rise, STR data shows oppotunity for new ownership to increase performance through Revenue Management and additional Marketing Efforts.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
