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Hotel-Motel

Cambria Hotel Columbus-Polaris

9100 Lyra Dr, Columbus, OH 43240

Listing Price: Request For Offer

Number of Rooms
125
RevPAR
$73
Year Built
2009

Investment Overview

Marcus & Millichap has been retained to exclusively market the opportunity to acquire the Cambria Hotel
Columbus- Polaris. The hotel located in Polaris, one of the premier destination lifestyle centers of Columbus is being offered fee simple unencumbered of debt, management, and franchise. The hotel was constructed in 2009, has 125 rooms with 4 stories and is being offered at a significant discount to replacement cost from the original developer. The Cambria hotel is absentee managed, currently underperforming its comp set by 23 percent in RevPar and is an excellent opportunity to increase net operating Income through operational efficiencies and capturing proper market penetration with a new marketing strategy, soft PIP refresh and new management.

Investment Highlights

  • Original Developer Absentee Owned
  • Significant Upside Potential Underperforming Compset ($77.42) by 23 Percent
  • Recent Common Area Lobby Renovation $1.2 Million Capital Improvements

Exclusively Listed By

Financing By

Hotel-Motel

Cambria Hotel Columbus-Polaris

Listing Price: Request For Offer

Number of Rooms
125
RevPAR
$73
Year Built
2009

Investment Highlights

  • Original Developer Absentee Owned
  • Significant Upside Potential Underperforming Compset ($77.42) by 23 Percent
  • Recent Common Area Lobby Renovation $1.2 Million Capital Improvements

Investment Overview

Marcus & Millichap has been retained to exclusively market the opportunity to acquire the Cambria Hotel Columbus- Polaris. The hotel located in Polaris, one of the premier destination lifestyle centers of Columbus is being offered fee simple unencumbered of debt, management, and franchise. The hotel was constructed in 2009, has 125 rooms with 4 stories and is being offered at a significant discount to replacement cost from the original developer. The Cambria hotel is absentee managed, currently underperforming its comp set by 23 percent in RevPar and is an excellent opportunity to increase net operating Income through operational efficiencies and capturing proper market penetration with a new marketing strategy, soft PIP refresh and new management.

Exclusively Listed By

Financing By

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