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.
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  •  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
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!