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Hotel-Motel

Fairfield Inn & Suites Jeffersonville

11349 Allen Rd, Jeffersonville, OH 43128

Listing Price: $7,400,000

Cap Rate
11.00%
Number of Rooms
70
RevPAR
$70
Gross SF
13,251
Price/Room
$105,714
Price/Gross SF
$558.45
Year Built
2013

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the Fairfield Inn & Suites Jeffersonville, Ohio. The hotel is being offered Fee Simple at $7,400,000 or 12 percent Cap rate and being delivered unencumbered of debt, and management. The Fairfield Inn & Suites Jeffersonville has 70 rooms, constructed in 2013 and will have receive a Long Term Relicense from Marriott Upon Transfer. The Hotel has is located just 40 minutes from Columbus, Dayton and just an hour from Cincinnati. The Fairfield Inn & Suites was under a comprehensive renovation in 2023 which impacted occupancy and is now uniquely position to take advantage of the $3.5 Billion LG/Honda Project across from the hotel. The Hotel offers a new investor a unique platform to participate in the burgeoning LG/Honda plant with over 2000 new jobs to be created once the plant opens in 2025 all while it is rapidly increasing in RevPAR YTD post PIP in a $92 comp set market.

Investment Highlights

  • 2013 Construction Long Term Relicense
  • Minimal PIP 2023 Renovation
  • Across from $3.5B LG Honda Project
  • $871K T-12 NOI
  • Significant Upside Potential 75 Percent of $92 RevPAR Compset

Exclusively Listed By

Hotel-Motel

Fairfield Inn & Suites Jeffersonville

Listing Price: $7,400,000

Cap Rate
11.00%
Number of Rooms
70
RevPAR
$70
Gross SF
13,251
Price/Room
$105,714
Price/Gross SF
$558.45
Year Built
2013

Investment Highlights

  • 2013 Construction Long Term Relicense
  • Minimal PIP 2023 Renovation
  • Across from $3.5B LG Honda Project
  • $871K T-12 NOI
  • Significant Upside Potential 75 Percent of $92 RevPAR Compset

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the Fairfield Inn & Suites Jeffersonville, Ohio. The hotel is being offered Fee Simple at $7,400,000 or 12 percent Cap rate and being delivered unencumbered of debt, and management. The Fairfield Inn & Suites Jeffersonville has 70 rooms, constructed in 2013 and will have receive a Long Term Relicense from Marriott Upon Transfer. The Hotel has is located just 40 minutes from Columbus, Dayton and just an hour from Cincinnati. The Fairfield Inn & Suites was under a comprehensive renovation in 2023 which impacted occupancy and is now uniquely position to take advantage of the $3.5 Billion LG/Honda Project across from the hotel. The Hotel offers a new investor a unique platform to participate in the burgeoning LG/Honda plant with over 2000 new jobs to be created once the plant opens in 2025 all while it is rapidly increasing in RevPAR YTD post PIP in a $92 comp set market.

Exclusively Listed By

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