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Hotel-Motel

Country Inn & Suites Macedonia

7820 Capital Blvd, Macedonia, OH 44056

Listing Price: $4,100,000

Cap Rate
12.00%
Number of Rooms
54
RevPAR
$68
Gross SF
32,508
Price/Room
$75,926
Price/Gross SF
$126.12
Year Built
2000

Investment Overview

Marcus & Millichap is proud to present the Country Inn & Suites in Macedonia, Ohio. The hotel has 54 rooms constructed in 2000 and is located in Macedonia, Ohio which is a less than half an hour from Downtown Cleveland and Akron.The property is a 3- story interior corridor hotel with significant upside through a PIP completion estimated around $400,000 which will increase ADR to $100.12 in 2025. The hotel may be eligible for $110,000 in Key money from Choice Hotels. The hotel upon completion of PIP is expected to achieve$1.36M in revenues and a net operating income of $522,867 or 3 times Room revenue. The hotel with its healthy RevPAR and manageable room count is perfect for an owner operator
investor.

Investment Highlights

  • $411,784 NOI
  • $1.36 2025 Revenues
  • 54 Rooms 2000 Construction
  • $78.86 Compset

Exclusively Listed By

Financing By

Hotel-Motel

Country Inn & Suites Macedonia

Listing Price: $4,100,000

Cap Rate
12.00%
Number of Rooms
54
RevPAR
$68
Gross SF
32,508
Price/Room
$75,926
Price/Gross SF
$126.12
Year Built
2000

Investment Highlights

  • $411,784 NOI
  • $1.36 2025 Revenues
  • 54 Rooms 2000 Construction
  • $78.86 Compset

Investment Overview

Marcus & Millichap is proud to present the Country Inn & Suites in Macedonia, Ohio. The hotel has 54 rooms constructed in 2000 and is located in Macedonia, Ohio which is a less than half an hour from Downtown Cleveland and Akron.The property is a 3- story interior corridor hotel with significant upside through a PIP completion estimated around $400,000 which will increase ADR to $100.12 in 2025. The hotel may be eligible for $110,000 in Key money from Choice Hotels. The hotel upon completion of PIP is expected to achieve$1.36M in revenues and a net operating income of $522,867 or 3 times Room revenue. The hotel with its healthy RevPAR and manageable room count is perfect for an owner operator investor.

Exclusively Listed By

Financing By

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