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Hotel-Motel

Days Inn by Wyndham Toledo

1800 Miami St, Toledo, OH 43605

Listing Price: $2,850,000

Cap Rate
14.34%
Number of Rooms
145
RevPAR
$23
Gross SF
165,678
Price/Room
$19,655
RRM
2.47
Price/Gross SF
$17.20
Year Built
1967

Investment Overview

Marcus & Millichaps National Hospitality Group is pleased to announce the exclusive listing of the Days Inn by Wyndham Toledo. This asset offers prospective buyers the opportunity to invest in a market with growing healthcare and educational economic segments. Situated just off Interstate 75, this property enjoys premier geographic positioning near downtown Toledo and other demand generators such as the Hollywood Casino. This asset is also a prime candidate for a dual-branded hotel for limited service and extended stay.

With regard to performance, this asset achieved a 55.1% occupancy in 2020, up from 49.6% in 2019 despite the Covid-19 pandemic. These upward-trending occupancy figures led the property to achieve a RevPAR of $23.03 in 2020, exceeding competitive set RevPAR of $22.82. Given this performance, 2020 produced a total revenue of $1,220,710.

Listed at $2,850,000, this asset presents investors the opportunity to take advantage of competitive pricing while purchasing an upward trending asset with value-add and dual-branding potential. This propertys premier geographic positioning near local demand drivers and value add potential offers buyers a great opportunity to capture untapped upside.

Investment Highlights

  • 14.34% Cap Rate
  • 2.47 Room Revenue Multiplier
  • Upward-trending RevPAR

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Hotel-Motel

Days Inn by Wyndham Toledo

Listing Price: $2,850,000

Cap Rate
14.34%
Number of Rooms
145
RevPAR
$23
Gross SF
165,678
Price/Room
$19,655
RRM
2.47
Price/Gross SF
$17.20
Year Built
1967

Investment Highlights

  • 14.34% Cap Rate
  • 2.47 Room Revenue Multiplier
  • Upward-trending RevPAR

Investment Overview

Marcus & Millichaps National Hospitality Group is pleased to announce the exclusive listing of the Days Inn by Wyndham Toledo. This asset offers prospective buyers the opportunity to invest in a market with growing healthcare and educational economic segments. Situated just off Interstate 75, this property enjoys premier geographic positioning near downtown Toledo and other demand generators such as the Hollywood Casino. This asset is also a prime candidate for a dual-branded hotel for limited service and extended stay.

With regard to performance, this asset achieved a 55.1% occupancy in 2020, up from 49.6% in 2019 despite the Covid-19 pandemic. These upward-trending occupancy figures led the property to achieve a RevPAR of $23.03 in 2020, exceeding competitive set RevPAR of $22.82. Given this performance, 2020 produced a total revenue of $1,220,710.

Listed at $2,850,000, this asset presents investors the opportunity to take advantage of competitive pricing while purchasing an upward trending asset with value-add and dual-branding potential. This propertys premier geographic positioning near local demand drivers and value add potential offers buyers a great opportunity to capture untapped upside.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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