Cap Rate
11.11%
Lot Size
2.36 Acres
$ per unit
$33,600
887 Morse Rd, Columbus, OH, 43229
Baymont Inn & Suites$4,500,000
Key Information
Units
134
Year Built
1989/2022R
Type
Hospitality
Occupancy
55.45%
NOI
$500,000
Leasable Area
43,992
Highlights
- Turnkey Property: The hotel has minimal outstanding PIP as the owner has continued to renovate the property over the last three years.
- Cash Flowing Business: Given the limited-service nature of the hotel, the new owner will be able to maintain a low expense load, providing a higher cash return.
- Located Near Multiple Demand Drivers: Just off the I-71 in North Columbus, the hotel experiences demand from various areas including leisure, entertainment, business, new development, government, and the university.
Photos
Location
Agents
L
Luke WhittakerLicense # 02185614 (CA)
M
Mitchell GlassonLicense # 02016029 (CA)
Broker of Record
Matthew Wallace
License # REC.2022007141 (OH)Matthews Real Estate Investment Services, Inc950 Main Ave., Suite 510, Cleveland, OH 44113