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Wolf Inn Hotel 2905 Milan Rd

112 Room Hotel Sandusky, OH 44870 £3,191,400 (£28,495/Room)

Investment Highlights

  • 112 units, 2 Story, Interior and Exterior Corridor
  • 2021 Room Revenue: $1,509,427.55, 2022 Room Revenue: $1,674,442, 2023 Room Revenue: $1,361,991
  • Offered at 2.94x Room Revenue Multiplier
  • 10 minutes from Cedar Point
  • $67,200 Generated from Leased Restaurant Spaces
  • Priced to sell at $35,714 Per Key

Executive Summary

The Bowman Post Group of NewGen Advisory is pleased to announce the exclusive listing of the Wolf Inn Hotel in Sandusky, Ohio. This 112-room, two-story hotel, featuring an interior and exterior corridor design, is conveniently located just 10 minutes from Cedar Point, the renowned "Roller Coaster Capital of the World." Cedar Point attracts thrill-seekers from all over, but Sandusky offers much more than just amusement park excitement. Visitors can enjoy beautiful waterfront views, boating, fishing, and beach activities on Lake Erie. This property represents a prime investment opportunity in a city that draws families from near and far.
For more information and to access finacials, please click here: https://airtable.com/appKi7yOZ4kk2VGe7/shrlgRHZHp0t1p6Oe
Broker of Record: Thomas D'Amico | D'Amico Agency | License No.: 177678

Property Facts

Price £3,191,400
Price Per Room £28,495
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 3.03 AC
Building Size 36,600 SF
No. Rooms 112
Number of Floors 2
Year Built 1959
Tenancy Single
Parking Ratio 2.49/1,000 SF
Corridor Interior

Amenities

  • Pool
  • Restaurant

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 112 £65.42 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
32-00153-000
Land Assessment
£206,404
Improvements Assessment
£68,630
Total Assessment
£275,034

zoning

Zoning Code HC
HC
  • Listing ID: 32694607

  • Date on Market: 05/08/2024

  • Last Updated:

  • Address: 2905 Milan Rd, Sandusky, OH 44870

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