Rodeway Inn Columbus | 1313 W Saint James Lutheran Way
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Rodeway Inn Columbus 1313 W Saint James Lutheran Way
117 Room Hotel Columbus, OH 43228 £3,077,527 (£26,304/Room) 10.17% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Strategic Location: Easy access to I-70 and I-71, connecting guests to downtown Columbus and surrounding areas.
- Brand Recognition: Operates under Choice Hotels’ Rodeway Inn brand, providing marketing support and loyalty-driven business.
- Guest Amenities: Free Wi-Fi, ample parking, and pet-friendly policies to cater to a broad traveler base.
- Proximity to Demand Generators: Minutes from Nationwide Arena, Ohio State University, and Greater Columbus Convention Center.
- Value-Add Opportunity: Potential to enhance ADR and occupancy rates through renovations and operational improvements.
- Tourism and Business Hub: Columbus is one of the fastest-growing metros in the Midwest, attracting diverse travelers year-round.
EXECUTIVE SUMMARY
PLEASE DO NOT VISIT OR CONTACT THE STAFF, MANAGEMENT OR OWNERSHIP OF THE PROPERTY DIRECTLY. KINDLY CONDUCT ALL INQUIRIES THROUGH OUR OFFICE. THANK YOU IN ADVANCE FOR YOUR UNDERSTANDING AND COOPERATION!!
Property Description
This Rodeway Inn presents a rare chance to acquire an affordable hospitality asset in Columbus, a city known for its vibrant economy and diverse visitor base. Positioned near major roadways, this property offers consistent demand from travelers drawn by the city’s numerous business hubs, universities, and entertainment venues. With essential guest amenities and room for operational growth, the Rodeway Inn is well-suited for immediate revenue generation and value-add potential.
Location Description
Nestled just off Interstate 70 and within minutes of downtown Columbus, the Rodeway Inn benefits from exceptional connectivity to the city’s top attractions, corporate offices, and universities. Its strategic location near key transit routes ensures high visibility and steady demand from leisure and business travelers alike.
Highlights
Strategic Location: Easy access to I-70 and I-71, connecting guests to downtown Columbus and surrounding areas.
Proximity to Demand Generators: Minutes from Nationwide Arena, Ohio State University, and Greater Columbus Convention Center.
Brand Recognition: Operates under Choice Hotels’ Rodeway Inn brand, providing marketing support and loyalty-driven business.
Value-Add Opportunity: Potential to enhance ADR and occupancy rates through renovations and operational improvements.
Guest Amenities: Free Wi-Fi, ample parking, and pet-friendly policies to cater to a broad traveler base.
Tourism and Business Hub: Columbus is one of the fastest-growing metros in the Midwest, attracting diverse travelers year-round.
Affordable Asset: Positioned as a cost-effective investment with attractive upside potential.
Consistent Demand: Reliable year-round traffic from local events, conferences, and university activities.
Property Description
This Rodeway Inn presents a rare chance to acquire an affordable hospitality asset in Columbus, a city known for its vibrant economy and diverse visitor base. Positioned near major roadways, this property offers consistent demand from travelers drawn by the city’s numerous business hubs, universities, and entertainment venues. With essential guest amenities and room for operational growth, the Rodeway Inn is well-suited for immediate revenue generation and value-add potential.
Location Description
Nestled just off Interstate 70 and within minutes of downtown Columbus, the Rodeway Inn benefits from exceptional connectivity to the city’s top attractions, corporate offices, and universities. Its strategic location near key transit routes ensures high visibility and steady demand from leisure and business travelers alike.
Highlights
Strategic Location: Easy access to I-70 and I-71, connecting guests to downtown Columbus and surrounding areas.
Proximity to Demand Generators: Minutes from Nationwide Arena, Ohio State University, and Greater Columbus Convention Center.
Brand Recognition: Operates under Choice Hotels’ Rodeway Inn brand, providing marketing support and loyalty-driven business.
Value-Add Opportunity: Potential to enhance ADR and occupancy rates through renovations and operational improvements.
Guest Amenities: Free Wi-Fi, ample parking, and pet-friendly policies to cater to a broad traveler base.
Tourism and Business Hub: Columbus is one of the fastest-growing metros in the Midwest, attracting diverse travelers year-round.
Affordable Asset: Positioned as a cost-effective investment with attractive upside potential.
Consistent Demand: Reliable year-round traffic from local events, conferences, and university activities.
PROPERTY FACTS
| Price | £3,077,527 | Lot Size | 2.57 AC |
| Price Per Room | £26,304 | Building Size | 50,515 SF |
| Sale Type | Investment | No. Rooms | 117 |
| Net Initial Yield | 10.17% | Number of Floors | 2 |
| Sale Condition | Business Value Included | Year Built | 1987 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 5.11/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | £3,077,527 |
| Price Per Room | £26,304 |
| Sale Type | Investment |
| Net Initial Yield | 10.17% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.57 AC |
| Building Size | 50,515 SF |
| No. Rooms | 117 |
| Number of Floors | 2 |
| Year Built | 1987 |
| Tenancy | Single |
| Parking Ratio | 5.11/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Business Centre
- High Speed Internet Access
- Public Access Wi-Fi
- Smoke-Free
ABOUT 1313 W SAINT JAMES LUTHERAN WAY , COLUMBUS, OH 43228
This Rodeway Inn presents a rare chance to acquire an affordable hospitality asset in Columbus, a city known for its vibrant economy and diverse visitor base. Positioned near major roadways, this property offers consistent demand from travelers drawn by the city’s numerous business hubs, universities, and entertainment venues. With essential guest amenities and room for operational growth, the Rodeway Inn is well-suited for immediate revenue generation and value-add potential.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 117 | £49.36 | - |
PROPERTY TAXES
| Parcel Number | 570-207089 | Improvements Assessment | £632,490 |
| Land Assessment | £271,879 | Total Assessment | £904,369 |
PROPERTY TAXES
Parcel Number
570-207089
Land Assessment
£271,879
Improvements Assessment
£632,490
Total Assessment
£904,369
ZONING
| Zoning Code | C4, Columbus (Commercial) |
| C4, Columbus (Commercial) |
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Rodeway Inn Columbus | 1313 W Saint James Lutheran Way
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