Days Inn Amherst | 934 N Leavitt Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Days Inn Amherst 934 N Leavitt Rd
85 Room Hotel Amherst, OH 44001 £3,022,596 (£35,560/Room) 11.19% Net Initial Yield
Investment Highlights
- PIP Status: $150K remaining; $120K Wyndham incentives available upon completion.
- 80-room, two-story hotel interior/exterior corridor hotel that includes a managers apartments
- CAP Rate: 11.19% | Revenue Multiplier: 3.3x
- 2023 Revenue: $1,130,953 | REVPAR: $35.53 | NOI: $425,410 (38% Margin)
- Located off Ohio State Route 2 and Interstate-90, 30 miles from Cleveland and Sandusky.
Executive Summary
The Days Inn Amherst is an 80-room, two-story hotel that includes a manager’s apartment and sits on 2.44 acres. Located at 934 N Leavitt Road, Amherst, OH 44001, off of Ohio State Route 2 & Interstate-90. Current ownership has began their PIP, roughly an estimated $100K-$150K remains. The hotel offers various common area amenities, including meeting space, breakfast area, an outdoor pool (Currently closed).
Amherst, Ohio, is a charming city in Lorain County, about 30 miles west of Cleveland. Known for its sandstone quarrying history, it’s often called “The Sandstone Center of the World.” Amherst features a vibrant downtown with historic buildings, local shops, and restaurants, offering a small-town feel with suburban comforts. Its excellent schools, parks, and proximity to Lake Erie make it a welcoming community for families and visitors alike.
Amherst, Ohio, is a charming city in Lorain County, about 30 miles west of Cleveland. Known for its sandstone quarrying history, it’s often called “The Sandstone Center of the World.” Amherst features a vibrant downtown with historic buildings, local shops, and restaurants, offering a small-town feel with suburban comforts. Its excellent schools, parks, and proximity to Lake Erie make it a welcoming community for families and visitors alike.
Data Room Click Here to Access
- Offering Memorandum
- Third Party Reports
- STR Reports
- PIP
- P&L
- Hotel Stat
- Franchise Documents
Property Facts
| Price | £3,022,596 | Building Size | 42,655 SF |
| Price Per Room | £35,560 | No. Rooms | 85 |
| Sale Type | Investment | Number of Floors | 2 |
| Net Initial Yield | 11.19% | Year Built/Renovated | 1972/1987 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.73/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 2.44 AC |
| Price | £3,022,596 |
| Price Per Room | £35,560 |
| Sale Type | Investment |
| Net Initial Yield | 11.19% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.44 AC |
| Building Size | 42,655 SF |
| No. Rooms | 85 |
| Number of Floors | 2 |
| Year Built/Renovated | 1972/1987 |
| Tenancy | Single |
| Parking Ratio | 1.73/1,000 SF |
| Corridor | Interior |
Amenities
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 85 | £51.70 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 05-00-040-106-109 | Improvements Assessment | £397,422 |
| Land Assessment | £103,563 | Total Assessment | £500,986 |
PROPERTY TAXES
Parcel Number
05-00-040-106-109
Land Assessment
£103,563
Improvements Assessment
£397,422
Total Assessment
£500,986
zoning
| Zoning Code | C 2 (Motel) |
| C 2 (Motel) |
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Days Inn Amherst | 934 N Leavitt Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.