Motel 6 Columbus, OH - OSU North | 750 Morse Rd
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Motel 6 Columbus, OH - OSU North 750 Morse Rd
46 Room Hotel Columbus, OH 43229 £1,858,319 (£40,398/Room)
Investment Highlights
- Located 5 Minutes from Huge Array of Demand Generators (Ohio State University)
- Below Replacement Cost
- 2023 Full PIP - Excellent Condition - Hands On Ownership/Renovations
Executive Summary
Charles Hart Hospitality Group is proud to exclusively offer for sale the 46-room Motel 6 Columbus OSU North. The hotel is located 6 miles north of downtown Columbus, Ohio off of Interstate 71. The hotel is strategically located within five minutes of the many major demand
generators Columbus has to offer including The Ohio State University, Ohio State Fairgrounds, Historic Crew Stadium, Polaris Shopping & Fashion District, and a wide array of manufacturing and industrial businesses. The hotel sits in the heart of Franklin county which is one of the fastest growing areas in the United States. The population of Columbus is expected to double by 2040, pushing to over four million residents.
The Motel 6 is requesting that all interested parties submit offers. The hotel recently completed major renovations including new flooring, paint, tubs/tub surrounds, and exterior work. The asset provides an excellent opportunity for a new owner/operator to benefit from a recently renovated hotel in one of the fastest growing cities in the country with a minimal PIP, while increasing revenues and already present cash flow with active hands-on management.
generators Columbus has to offer including The Ohio State University, Ohio State Fairgrounds, Historic Crew Stadium, Polaris Shopping & Fashion District, and a wide array of manufacturing and industrial businesses. The hotel sits in the heart of Franklin county which is one of the fastest growing areas in the United States. The population of Columbus is expected to double by 2040, pushing to over four million residents.
The Motel 6 is requesting that all interested parties submit offers. The hotel recently completed major renovations including new flooring, paint, tubs/tub surrounds, and exterior work. The asset provides an excellent opportunity for a new owner/operator to benefit from a recently renovated hotel in one of the fastest growing cities in the country with a minimal PIP, while increasing revenues and already present cash flow with active hands-on management.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£551,627
|
£11.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£551,627
|
£11.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£328,629
|
£6.71
|
| Net Operating Income |
£222,998
|
£4.55
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £551,627 |
| Annual Per SF | £11.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £551,627 |
| Annual Per SF | £11.27 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £328,629 |
| Annual Per SF | £6.71 |
| Net Operating Income | |
|---|---|
| Annual | £222,998 |
| Annual Per SF | £4.55 |
Property Facts
| Price | £1,858,319 | Building Size | 48,960 SF |
| Price Per Room | £40,398 | No. Rooms | 46 |
| Sale Type | Investment | Number of Floors | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1973/2023 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.27/1,000 SF |
| Lot Size | 3.73 AC | Corridor | Exterior |
| Price | £1,858,319 |
| Price Per Room | £40,398 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.73 AC |
| Building Size | 48,960 SF |
| No. Rooms | 46 |
| Number of Floors | 2 |
| Year Built/Renovated | 1973/2023 |
| Tenancy | Single |
| Parking Ratio | 1.27/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 46 | £53.21 | - |
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PROPERTY TAXES
| Parcel Number | 010-009359 | Improvements Assessment | £261,370 |
| Land Assessment | £168,422 | Total Assessment | £429,792 |
PROPERTY TAXES
Parcel Number
010-009359
Land Assessment
£168,422
Improvements Assessment
£261,370
Total Assessment
£429,792
zoning
| Zoning Code | ARO; C3 |
| ARO; C3 |
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Motel 6 Columbus, OH - OSU North | 750 Morse Rd
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