Quality Inn & Suites

Price:
$1,800,000

Address :
44266 Fairground Rd
Caldwell, OH 43724

Revenues & market share rapidly recovering from Covid-related declines in 2020
Monthly revenue improvement from April 2021 through November 2021 averages $13,875
Trailing 3-month RevPAR index for the property is up 31%
Well maintained property
Minimal PIP expected & Choice is also offering a reduced affiliation fee of $7,500 for re-licensing
Great, easily accessible location off Interstate 77
Ability to drive revenues with hands-on manage-ment
In Cooperation with Re/Max Town Center An Ohio Licensed Broker 4215 Worth Avenue, Suite 230 Columbus, Ohio 43219

Location/Market

Physical Plant

Financials

Caldwell is a gateway to southeastern Ohio’s multiple outdoor recreational venues.

Easily Accessible from Interstate 77

Ohio Route 78 (McConnell Road) has been designated as Ohio’s Appalachian Scenic Byway in Noble County

Close to Regional Demand Generators:

At the same exit as Noble County Fairgrounds, home to the Noble County Fair, the Appalachian Foothills Fall Festival, and other special events

Noble Correctional Facility

Wolf Run State Park

Big Muskies Bucket & Miner’s Memorial Park

The Wilds

3 Stories

Interior Corridors

Wood Frame Construction

Vinyl Siding

Pitched Roof with Asphalt Shingles

Asphalt Parking Lot

Hot Breakfast

Snack Bar Adjacent to Front Desk

Meeting Room

Exercise Room

Guest Laundry

Wireless Internet

±1.47 Acres

Built in 2015

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Financials

6/19-12/19

2020

2021

2022

T-12Mos 2/23

Occupancy

29.34%

24.74%

24.6%

34.27%

34.51%

Average Daily Rate

$43.93

$44.84

$53.51

$53.76

$53.35

Room Revenue

$220,623

$324,875

$383,716

$537,907

$537,688

Current ownership acquired the property June 7, 2019 and operated it as a Microtel Inn until February 2, 2020. Since that date, it has operated as a Quality Inn. Covid-19 health crisis and related stay-at-home orders began on or around March 12, 2020.

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!

Price:
$1,800,000

Address :
44266 Fairground Rd
Caldwell, OH 43724

Quick Links

Our Regional Offices

Financials
	6/19-12/19	2020	2021	2022	T-12Mos 2/23
Occupancy	29.34%	24.74%	24.6%	34.27%	34.51%
Average Daily Rate	$43.93	$44.84	$53.51	$53.76	$53.35
Room Revenue	$220,623	$324,875	$383,716	$537,907	$537,688
Current ownership acquired the property June 7, 2019 and operated it as a Microtel Inn until February 2, 2020. Since that date, it has operated as a Quality Inn. Covid-19 health crisis and related stay-at-home orders began on or around March 12, 2020.

Price: $1,800,000

Address : 44266 Fairground Rd Caldwell, OH 43724

Quick Links

Our Regional Offices

Price:
$1,800,000

Address :
44266 Fairground Rd
Caldwell, OH 43724