Property Overview

Summary

  • Room count 165 units
  • Corridors Interior
  • Buildings 1 building / 2 stories
  • Year built 1973
  • Amenities On-site manager's apartment
  • HVAC Individual PTAC units
  • Rubber Flat rubber; replaced in 2023

Investment Highlights

  • Interior-corridor property with desirable highway access and visibility along I-71.
  • High room count and large parcel provide multiple options for future owner - potential opportunities include converting the flag, dual-branding, or converting to alternative use.
  • SELLER FINANCING AVAILABLE with 25% down.
  • Tremendous upside opportunity: property is consistently ranked 6/6 in competitive set for occupancy and RevPAR. Potential revenue, adjusted for competitive set, is $1,894,071 – nearly $1M above current revenue.
  • Columbus was named the fastest-growing city in America by the Bank of America Institute.
  • Option to convert to extended stay: PIP available for Suburban Studios with key incentive money.
  • Includes standalone restaurant with liquor license generating $40,800 in annual rent.

Financial Performance

Room Revenue $1,046,074
Restaurant Rental Income 40,800
Occupancy 28.4%
ADR $60.90
RevPAR $17.32