Quality Inn & Suites


Price:
$1,695,000

Address :
44266 Fairground Rd
Caldwell, OH 43724


  •  Well maintained property
  •  Minimal PIP expected
  •  Choice is also offering a reduced affiliation fee of $7,500 for re-licensing
  •  Great location off Interstate 77 and easily accessible
  •  Ability to drive revenues with hands-on management
  •  In Cooperation with Re/Max Town Center An Ohio Licensed Broker 4215 Worth Avenue, Suite 230 Columbus, Ohio 43219
    View Map    View Aerial
  •  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
    •  2 Miles to Noble Correctional Facility
    •  5 Miles to Wolf Run State Park
    •  16.5 Miles to Big Muskies Bucket & Miner’s Memorial Park
    •  18 Miles to 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
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
6/19-12/19
2020
T-12Mos 5/21
Occupancy
29.34%
24.74%
21.64%
Average Daily Rate
$43.93
$44.84
$44.56
Room Revenue
$220,623
$324,875
$281,636
Net Operating Income
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!