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I want to sell my hotel
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Motel 6
Price:
$3,450,000
Address :
7474 N High St
Columbus, OH 43235
Great location off Interstate 270 in suburban Columbus, Ohio
103-unit, economy, national-franchise property
2-story, exterior-corridor design with recent renovations
Priced well below replacement cost at $33,495 per key
Other franchise affiliations that may be available include Red Roof Inn, Rodeway Inn, and Baymont Inn.
Pursuant to Ohio real estate licensing requirements, this hotel is listed for sale in co-operation with Laurel Real Estate Co., P. O. Box 284, Galena, Ohio 43021, a licensed real estate broker in the State of Ohio.
Location/Market
Physical Plant
Financials
Columbus, Ohio is the state capital and the state’s most populous city.
The City of Columbus is the core of the Columbus Region, an 11-county area that is home to 2.1 million people.
The Columbus Region has an annual growth rate of 1.1% (national average is 0.7%).
Close to Regional Demand Generators, Including...
2.8 Miles to InBev Anheuser Busch Columbus Brewery
3.2 Miles to Polaris Fashion Place
8.1 Miles to Columbus Zoo and Aquarium
9.1 Miles to The Ohio State University
11 Miles to Ohio Expo Center and State Fairgrounds
13 Miles to Columbus Arena District
16 Miles John Glenn Columbus International Airport
30 Miles to Rickenbacker Inland Port
33 Miles to Honda NA Headquarters (Marysville)
103 Rooms
Coffee in Lobby
Guest Laundry
Wireless Internet
2 Stories
Exterior Corridors
Wood Frame Structure
EIFS & Wood Facade
Gable Roof with Asphalt Shingles
Asphalt Parking Lot
Built 1982
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Financials
2015
2016
2017
T-12Mos 5/18
Occupancy
59.07%
59.66%
57.94%
57.94%
Average Daily Rate
$47.52
$48.03
$48.65
$49.57
Room Revenue
$1,055,166
$1,080,177
$1,062,551
$1,079,674
Net Operating Income
$246,682
$312,130
$255,042
N/A
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!
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