Welcome Suites Extended Stay Springdale 11645 Chesterdale Rd

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Welcome Suites Extended Stay Springdale (“Hotel” or “Property”), located in Springdale, Ohio. The independent hotel is being offered on a “call for offers” basis. Please reach out to the listing agent for more information.
The Welcome Suites Extended Stay Springdale is a 70-room, extended-stay hotel spanning three stories. Located at 11645 Chesterdale Road in Springdale, Ohio, the property is accessible from Interstate 275, which sees over 135,000 vehicles in average annual daily traffic. Common area amenities at the property include vending machines, on-site guest laundry, and kitchenettes in each suite. The property is also accessible from two airports: Cincinnati/NKY International Airport (CVG) (29.7 miles) and Dayton International Airport (51.7 miles).
Springdale, Ohio, is ideally located within the Cincinnati Metropolitan Statistical Area (MSA), just over 15 miles from downtown Cincinnati, offering a prime combination of suburban tranquility and direct access to one of the largest and most dynamic metropolitan areas in the Midwest. The region benefits from a diverse economy, with major employers in healthcare, finance, manufacturing, and logistics, including Procter & Gamble (17.3 miles, 100,000+ employees), Kroger (17.1 miles, 450,000 employees), Fifth Third Bank (17.5 miles, 20,000 employees), and the General Electric Global Operations Center (17.2 miles, thousands of employees). This strong corporate presence ensures a consistent flow of business travelers to the area, making Springdale an ideal location for hotel development.
In addition to its strong corporate base, the property is close to major healthcare institutions, including Cincinnati Children's Hospital Medical Center (12.7 miles, 634 inpatient beds) and The Christ Hospital (18.9 miles, 555 beds), ranked as the #1 hospital in Greater Cincinnati for ten consecutive years, employing over 6,000 staff members. Both facilities attract medical professionals, patients, and families who require extended stays.
Several universities are nearby, including Xavier University (11.6 miles, enrollment over 5,700), University of Cincinnati (13.1 miles, enrollment over 53,000), and Cincinnati State (15.0 miles, enrollment nearly 9,400). These institutions generate demand for accommodations during events, conferences, graduation ceremonies, and visits from prospective students and their families.
Nearby local attractions include the Cincinnati Zoo (12.8 miles), one of the city's most visited attractions, with 1.7 million visitors annually, as well as Great American Ball Park (17.4 miles), home of the MLB’s Cincinnati Reds, which has a seating capacity of 42,319, and Paycor Stadium (17.0 miles), home of the NFL’s Cincinnati Bengals, with a seating capacity of 65,515. The area's natural beauty is highlighted by Glenwood Gardens (3.3 miles), a 338-acre park with formal gardens, prairies, forests, and wetlands, as well as scenic walking trails.
The city is undergoing significant development, including the City Center Springdale project (1.2 miles away), which will transform the former Tri-County Mall site into a vibrant, mixed-use downtown district with residential, retail, and commercial spaces. This redevelopment, coupled with over $100 million in new commercial investment, is expected to further enhance the area’s appeal to visitors, shoppers, and business professionals.
Another key development is Springdale Commerce Park (SCP), a new Class A industrial park located near I-275 and I-75. The park features excellent visibility and access, making it a prime location for logistics and manufacturing companies. Phase One, completed in 2020, includes two buildings totaling 577,002 square feet, while Phase Two, completed in 2024, adds an additional 554,578 square feet of space. This extended stay hotel is listed at $3.795 million, representing an 11.5 percent capitalization (cap) rate. This cap rate offers potential investors an opportunity for a higher return relative to the purchase price, thereby allowing for maximized cash flow from the property.
The property achieved a revenue per available room (RevPAR) penetration of 171 percent in the trailing 12 months ending in August. This performance provides potential investors with the opportunity to command premium pricing, resulting in enhanced profitability and increased property valuation.
BROKER OF RECORD
Michael Glass
Ohio
P: (614) 360-9800
Lic #. OH BRK.2007005898