Investment Overview

Marcus & Millichap is proud to present exclusive opportunity to acquire the Hampton Inn in Massillon, Ohio. The Hampton Inn Massillon is being offered at $7,300,000 which is 3.4RRM and a 9.6% cap rate from 2023 RevPAR of almost $80. The 74 room hotel will be delivered unencumbered of debt or management and will receive a 15 Year Relicense from Hilton with Minimal PIP upon transfer. The property is a 5-story interior corridor Block & Plank Construction built by the original developer/absentee owner. The hotel situated on a 3 story parking garage has 75 years left of a 99 year -$1/year Land Lease with the City Of Massillon. The Hotel receives rental income from the City Of Massillon in the amount of $12,000/year with 3% Increases every 5 years. The hotel has 74 rooms and recently completed a $2.5M renovation of all common areas and guest rooms in July 2024. The hotel began its renovation in November of 2023 and renovated 1 floor at a time disrupting occupancy and taking rooms off-line (hence YTD STR). With the newest Hampton Inn Package and a fresh guest experience (See July STR), the hotel is experiencing significant pricing power and reversing the YTD 2023 June trend on track to reach close to $2.4 million in revenues by 2025.