Hotel-Motel
Fairfield Inn & Suites Columbus East
2826 Taylor Rd Ext, Reynoldsburg, OH 43068
Listing Price: $8,500,000
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
Listing Price: $8,500,000
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