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Hotel-Motel

Fairfield Inn & Suites Columbus East

2826 Taylor Rd Ext, Reynoldsburg, OH 43068

Listing Price: $8,500,000

Cap Rate
10.00%
Number of Rooms
83
RevPAR
$79
Gross SF
38,230
Price/Room
$102,410
Price/Gross SF
$222.34
Year Built
2002

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the Fairfield Inn & Suites Columbus East, located in Reynoldsburg, Ohio. The Marriott-branded hotel, built in 2002, features 83 rooms and is being offered fee simple, unencumbered by debt or management, at $8,500,000. Upon transfer, a new investor can expect minimal PIP requirements and a long-term relicense from Marriott while achieving over $2.6 million in revenue in 2026. The hotel is anticipated to exceed $2.5 million in revenue before year-end and is experiencing a strong rebound, surpassing 2019 revenues of $2,355,839, due to a recently completed $1.6 million+ PIP. The hotel, located off Interstate 70 just 20 minutes
from downtown Columbus, is third-party managed and priced to sell at a 3.5 Room Revenue Multiplier and a 10% cap rate.

Investment Highlights

  • Minimal PIP 2024 $1.6M Renovation
  • Long Term Marriott Relicense
  • $839,361 NOI $2.5M YE Revenues
  • 3rd Party Managed
  • 3.5 RRM 10% Cap Rate

Exclusively Listed By

Financing By

Hotel-Motel

Fairfield Inn & Suites Columbus East

Listing Price: $8,500,000

Cap Rate
10.00%
Number of Rooms
83
RevPAR
$79
Gross SF
38,230
Price/Room
$102,410
Price/Gross SF
$222.34
Year Built
2002

Investment Highlights

  • Minimal PIP 2024 $1.6M Renovation
  • Long Term Marriott Relicense
  • $839,361 NOI $2.5M YE Revenues
  • 3rd Party Managed
  • 3.5 RRM 10% Cap Rate

Investment Overview

Marcus & Millichap is proud to present the exclusive opportunity to acquire the Fairfield Inn & Suites Columbus East, located in Reynoldsburg, Ohio. The Marriott-branded hotel, built in 2002, features 83 rooms and is being offered fee simple, unencumbered by debt or management, at $8,500,000. Upon transfer, a new investor can expect minimal PIP requirements and a long-term relicense from Marriott while achieving over $2.6 million in revenue in 2026. The hotel is anticipated to exceed $2.5 million in revenue before year-end and is experiencing a strong rebound, surpassing 2019 revenues of $2,355,839, due to a recently completed $1.6 million+ PIP. The hotel, located off Interstate 70 just 20 minutes from downtown Columbus, is third-party managed and priced to sell at a 3.5 Room Revenue Multiplier and a 10% cap rate.

Exclusively Listed By

Financing By

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