Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2286/ Marcus & Millichap is proud to present the exclusive opportunity to acquire the 79-room Country Inn & Suites in Rossford, Ohio (the “Property”). The three-story hotel was built in 2008 and is strategically located near the intersection of I-75 and the Ohio Turnpike (I-80/90) with more than 192,000 VPD. The hotel is absentee owned/managed and will be delivered unencumbered of debt or management. The hotel will receive a new license upon completion of a PIP to replace case goods and cosmetic refresh of rooms and bathrooms which are estimated around $700,000. The hotel currently underperforms its comp-set in occupancy by rooms sold per night by 18% and ADR by 20% for a 62% Comp-set weighted RevPAR Penetration. Upon completion of the PIP - We expect the hotel to exceed Pre-Covid Revenues of $1.85 Million dollars and be well positioned to capture new contracts and provide a competitive guest experience to potential new transient customers visiting or passing through its strategic location. The Country Inn & Suites represents an attractive opportunity to refresh a recently constructed, incredibly well located property and ultimately reach over $2 million in revenues. The Country Inn & Suites benefits from its highly accessible location at the intersection of I-75 and the Ohio Turnpike (I-80/90). The Hotel is less than 15 minutes from a number of demand generators including the GM Plant, University of Toledo, ProMedica Hospital Systems, Owens-Illinois (O-I), FCA US LLC, Owens Corning, and countless manufacturing and industries in the area. The hotel is also just a 15-minute drive to the Toledo Zoo & Aquarium, Downtown Toledo, Bowling Green University (17K students) and University of Toledo (12K students).