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Hotel-Motel

Courtyard by Marriott Toledo Maumee/Arrowhead

415 W Dussel Dr, Maumee, OH 43537

Listing Price: $6,600,000

Cap Rate
10.62%
Number of Rooms
90
RevPAR
$79
Gross SF
102,366
Price/Room
$73,333
Price/Gross SF
$64.47
Year Built
1998

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 90 room Courtyard by Marriott located in Maumee, a suburb of Toledo, Ohio. The Courtyard is a 1998-build, three-story property located near Interstate 475, providing ease of access for commerce and tourism. Courtyard by Marriott Maumee-Toledo provides the opportunity for a new owner to acquire a Marriott branded and managed property with potential to realize RevPAR growth through a completion of a PIP and utilization of the Marriott name, reservation system, and loyal base of guests.

Investment Highlights

  • Toledo, Ohio is the Fourth Largest Metropolitan Area in the State of Ohio
  • Maumee is a Suburb of Toledo and is Located Just Nine Miles Southwest of Downtown
  • The Courtyard is a 1998-build, Three-Story Property Located Near Interstate 475

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Hotel-Motel

Courtyard by Marriott Toledo Maumee/Arrowhead

Listing Price: $6,600,000

Cap Rate
10.62%
Number of Rooms
90
RevPAR
$79
Gross SF
102,366
Price/Room
$73,333
Price/Gross SF
$64.47
Year Built
1998

Investment Highlights

  • Toledo, Ohio is the Fourth Largest Metropolitan Area in the State of Ohio
  • Maumee is a Suburb of Toledo and is Located Just Nine Miles Southwest of Downtown
  • The Courtyard is a 1998-build, Three-Story Property Located Near Interstate 475

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 90 room Courtyard by Marriott located in Maumee, a suburb of Toledo, Ohio. The Courtyard is a 1998-build, three-story property located near Interstate 475, providing ease of access for commerce and tourism. Courtyard by Marriott Maumee-Toledo provides the opportunity for a new owner to acquire a Marriott branded and managed property with potential to realize RevPAR growth through a completion of a PIP and utilization of the Marriott name, reservation system, and loyal base of guests.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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