Auction - Country Inn & Suites Toledo South | 9790 Clark Dr
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Auction - Country Inn & Suites Toledo South 9790 Clark Dr
79 Room Hotel Rossford, OH 43460 £1,369,288 (£17,333/Room)
Investment Highlights
- STARTING BID $1,750,000 | Country Inn & Suites Toledo South | 79 Rooms | $1.67M T12 Room Revenue | AUCTION DECEMBER 9-11, 2024
- $1,674,516 Room Revenue (Sept ’24 T12) Uptrending Revenues- 2025- $1.85M Revenues( same as Pre-covid)
- 2021-2024 Recent Renovations include Full Exterior Paint, Flood Lights, Common Area Modernization, New Fitness Area Equipment, and Guest Room Upgrades
- 79-Room, Country Inn & Suites – Toledo South at the I-75 and I-90 Interchange with Combined Traffic Counts Over 192K Vehicles Per Day
- Underperforming Compset by 38%- Absentee Out of State Ownership- Upside through PIP Completion
- Hotel Amenities Including Indoor Heated Pool, Fitness Center, Business Center, Laundry, and More
Executive Summary
\Property tours are available on Tuesday, December 3rd by appointment only. Please reach out to Alexandre Duong to schedule.
Marcus & Millichap is proud to present the exclusive opportunity to acquire the 79-room Country Inn & Suites in Rossford, Ohio (the “Property”). The three-story hotel was built in 2008 and is strategically located near the intersection of I-75 and the Ohio Turnpike (I-80/90) with more than 192,000 VPD. The hotel is absentee owned/managed and will be delivered unencumbered of debt or management.
The hotel will receive a new license upon completion of a PIP to replace case goods and cosmetic refresh of rooms and bathrooms which are estimated around $700,000. The hotel currently underperforms its comp-set in occupancy by rooms sold per night by 18% and ADR by 20% for a 62% Comp-set weighted RevPAR Penetration. Upon completion of the PIP - We expect the hotel to exceed Pre-Covid Revenues of $1.85 Million dollars and be well positioned to capture new contracts and provide a competitive guest experience to potential new transient customers visiting or passing through its strategic location. The Country Inn & Suites represents an attractive opportunity to refresh a recently constructed, incredibly well located property and ultimately reach over $2 million in revenues.
The Country Inn & Suites benefits from its highly accessible location at the intersection of I-75 and the Ohio Turnpike (I-80/90). The Hotel is less than 15 minutes from a number of demand generators including the GM Plant, University of Toledo, ProMedica Hospital Systems, Owens-Illinois (O-I), FCA US LLC, Owens Corning, and countless manufacturing and industries in the area. The hotel is also just a 15-minute drive to the Toledo Zoo & Aquarium, Downtown Toledo, Bowling Green University (17K students) and University of Toledo (12K students).
Marcus & Millichap is proud to present the exclusive opportunity to acquire the 79-room Country Inn & Suites in Rossford, Ohio (the “Property”). The three-story hotel was built in 2008 and is strategically located near the intersection of I-75 and the Ohio Turnpike (I-80/90) with more than 192,000 VPD. The hotel is absentee owned/managed and will be delivered unencumbered of debt or management.
The hotel will receive a new license upon completion of a PIP to replace case goods and cosmetic refresh of rooms and bathrooms which are estimated around $700,000. The hotel currently underperforms its comp-set in occupancy by rooms sold per night by 18% and ADR by 20% for a 62% Comp-set weighted RevPAR Penetration. Upon completion of the PIP - We expect the hotel to exceed Pre-Covid Revenues of $1.85 Million dollars and be well positioned to capture new contracts and provide a competitive guest experience to potential new transient customers visiting or passing through its strategic location. The Country Inn & Suites represents an attractive opportunity to refresh a recently constructed, incredibly well located property and ultimately reach over $2 million in revenues.
The Country Inn & Suites benefits from its highly accessible location at the intersection of I-75 and the Ohio Turnpike (I-80/90). The Hotel is less than 15 minutes from a number of demand generators including the GM Plant, University of Toledo, ProMedica Hospital Systems, Owens-Illinois (O-I), FCA US LLC, Owens Corning, and countless manufacturing and industries in the area. The hotel is also just a 15-minute drive to the Toledo Zoo & Aquarium, Downtown Toledo, Bowling Green University (17K students) and University of Toledo (12K students).
Property Facts
| Price | £1,369,288 | Building Size | 45,510 SF |
| Price Per Room | £17,333 | No. Rooms | 79 |
| Sale Type | Investment | Number of Floors | 3 |
| Property Type | Hospitality | Year Built | 2008 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 2.42/1,000 SF |
| Lot Size | 1.74 AC | Corridor | Interior |
| Price | £1,369,288 |
| Price Per Room | £17,333 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.74 AC |
| Building Size | 45,510 SF |
| No. Rooms | 79 |
| Number of Floors | 3 |
| Year Built | 2008 |
| Tenancy | Single |
| Parking Ratio | 2.42/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 23 | £98.59 | - |
| Guest Room | 56 | £85.29 | - |
PROPERTY TAXES
| Parcel Number | T68-300-340304001001 | Improvements Assessment | £1,258,571 |
| Land Assessment | £155,692 | Total Assessment | £1,414,263 |
PROPERTY TAXES
Parcel Number
T68-300-340304001001
Land Assessment
£155,692
Improvements Assessment
£1,258,571
Total Assessment
£1,414,263
zoning
| Zoning Code | Commercial (Hotel) |
| Commercial (Hotel) |
Contacts
-
Adam Sklaver -
Alexandre Duong -
Philip Kates -
Kyle Hynes -
Michael Glass -
Marcus & Millichap
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Auction - Country Inn & Suites Toledo South | 9790 Clark Dr
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