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2450 Dryden Rd, Moraine, OH, 45439

Red Roof Inn
$4,350,000

Key Information

Cap Rate
11.49%
Tot. SF
24,960
Lot Size
1.68 Acres
$ per unit
$58,000
Units
76
Year Built
1975
Type
Hospitality
Occupancy
65.5%
NOI
$500,000

Highlights

  • Turnkey Property – The property has minimal outstanding PIP, as ownership has completed continuous renovations and upgrades over the past several years, allowing a new buyer to step into a fully operational, well-maintained asset with limited near-term capital requirements. 
  • Dayton Market Strength – The Dayton lodging market continues to strengthen, supported by institutional, medical, defense, and manufacturing demand. With stable year-over-year RevPAR growth and improving corporate travel tied to Wright-Patterson AFB, Kettering Health, Premier Health, and the University of Dayton, the market is positioned for continued performance gains over the next 12 – 18 months. 
  • Cash-Flowing Business – As a limited-service hotel, the asset benefits from an efficient operating model. A new owner can continue to maintain an attractive expense load, supporting strong ongoing cash flow and delivering a higher cash-on-cash return compared to other property types.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113