Quality Inn & Suites South/Obetz | 4850 Frusta Dr
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Quality Inn & Suites South/Obetz 4850 Frusta Dr
59 Room Hotel Columbus, OH 43207 For Sale
Investment Highlights
- Choice hotel branded asset, Quality Inn will brand with PIP.
- The Nearby Rickenbacker airport is within a Foreign Trade Zone and contains an intermodal rail hub. The nearly 75M square foot industrial market
- Opportunity to drive room revenue post PIP.
- Located in the Dynamic Columbus Ohio market where over $50 billion dollars of new development is taking place, including Intel, Honda EV, Amazon, etc
- This hotel is a great asset for owner-operators or first-time hoteliers. Its small size is manageable, and the Choice brand provides strong support
- The market average RevPAR of $45 offers significant upside for a value add buyer.
Executive Summary
CBRE, in conjunction with RealInsight Marketplace, is pleased to present the opportunity to acquire the Quality Inn & Suites (“the Property”), a 59-room, two-story interior corridor hotel with a pitched shingled roof and a stucco exterior. The property has amenities such as a fitness center, complimentary breakfast, a business center, and guest laundry. Rooms feature free Wi-Fi, microwave, refrigerator, flat screen TVs, and coffee/tea makers. The Quality Inn is proximate to multiple restaurants with easy access to route I-270. It is also near Rickenbacker International Airport, which has consistently experienced significant distribution growth over the past 2 decades. The SE Industrial market is the largest industrial market in Columbus with nearly 75 million square feet. The growth is driven by the Foreign Trade Zone status and the intermodal rail service.
https://rimarketplace.com/auction/2293/receiver-sale-quality-inn-suites-columbus-oh
https://rimarketplace.com/auction/2293/receiver-sale-quality-inn-suites-columbus-oh
Property Facts
| Sale Type | Investment | No. Rooms | 59 |
| Sale Conditions | Auction Sale | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 2002/2012 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.86/1,000 SF |
| Lot Size | 2.05 AC | Corridor | Interior |
| Building Size | 31,665 SF | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.05 AC |
| Building Size | 31,665 SF |
| No. Rooms | 59 |
| No. Stories | 2 |
| Year Built/Renovated | 2002/2012 |
| Tenancy | Single |
| Parking Ratio | 1.86/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | $81.78 CAD | - |
| Guest Room | 51 | $71.97 CAD | - |
PROPERTY TAXES
| Parcel Number | 152-001761 | Improvements Assessment | $726,960 CAD |
| Land Assessment | $319,348 CAD | Total Assessment | $1,046,308 CAD |
PROPERTY TAXES
Parcel Number
152-001761
Land Assessment
$319,348 CAD
Improvements Assessment
$726,960 CAD
Total Assessment
$1,046,308 CAD
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Quality Inn & Suites South/Obetz | 4850 Frusta Dr
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