Hotel-Motel

Quality Inn Holland

Listing Price: Request For Offer

Number of Rooms
133
RevPAR
$21
Gross SF
54,252
Year Built
1991

Investment Overview

Marcus & Millichaps National Hospitality Group is pleased announce the exclusive listing of the Quality Inn Holland Hotel, located just outside Toledo and near Toledo Express Airport. This hotel presents investors the opportunity to purchase an asset with untapped upside and value-add potential.

This asset also offers the opportunity to invest in market with growing educational and healthcare economic segments driven by large employers such as ProMedica, Mercy Health, University of Toledo, and Bowling Green State University. Nearby is the regionally renowned Toledo Zoo, only a short 6 miles away and the Toledo Express Airport, which offers non-stop flights to 6 national destinations. Located just off of Ohio Route 2, one of the busiest retail corridors in the Toledo metro, and Interstate 475, this hotel is also well positioned geographically in a high traffic area with premier highway visibility.

Currently an unpriced listing, investors can benefit from market pricing and build upon a running 12-month occupancy of 42.9%, outperforming competitive set properties by nearly 3%. While the property trailed its competitors in both RevPAR and ADR, this asset has began trending upward in the past 12-month period as it has seen RevPAR growth of nearly 10%, outperforming the growth of competitors. This property offers investors a great opportunity to improve RevPAR and operating margin figures through hands-on management and marketing, capitalizing on this assets prime geographic location to reach new operational heights.

Investment Highlights

  • Current Revenue: $1,018,003
  • RevPAR: $20.53
  • Rooms: 133
  • Current NOI: $271,005

Exclusively Listed By

Listing Price: Request For Offer

Number of Rooms
133
RevPAR
$21
Gross SF
54,252
Year Built
1991

Investment Highlights

  • Current Revenue: $1,018,003
  • RevPAR: $20.53
  • Rooms: 133
  • Current NOI: $271,005

Investment Overview

Marcus & Millichaps National Hospitality Group is pleased announce the exclusive listing of the Quality Inn Holland Hotel, located just outside Toledo and near Toledo Express Airport. This hotel presents investors the opportunity to purchase an asset with untapped upside and value-add potential.

This asset also offers the opportunity to invest in market with growing educational and healthcare economic segments driven by large employers such as ProMedica, Mercy Health, University of Toledo, and Bowling Green State University. Nearby is the regionally renowned Toledo Zoo, only a short 6 miles away and the Toledo Express Airport, which offers non-stop flights to 6 national destinations. Located just off of Ohio Route 2, one of the busiest retail corridors in the Toledo metro, and Interstate 475, this hotel is also well positioned geographically in a high traffic area with premier highway visibility.

Currently an unpriced listing, investors can benefit from market pricing and build upon a running 12-month occupancy of 42.9%, outperforming competitive set properties by nearly 3%. While the property trailed its competitors in both RevPAR and ADR, this asset has began trending upward in the past 12-month period as it has seen RevPAR growth of nearly 10%, outperforming the growth of competitors. This property offers investors a great opportunity to improve RevPAR and operating margin figures through hands-on management and marketing, capitalizing on this assets prime geographic location to reach new operational heights.

Exclusively Listed By

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