Ramada Limited Strasburg Dover | 509 S Wooster Ave
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Ramada Limited Strasburg Dover 509 S Wooster Ave
57 Room Hotel Strasburg, OH 44680 $4,025,280 CAD ($70,619 CAD/Room) 11.23% Cap Rate
Investment Highlights
- Diverse revenue streams from lodging, food & beverage, and events.
- Potential for future growth and expansion.
- Favorable location with access to multiple demand generators.
Executive Summary
The Ramada by Wyndham Strasburg, OH, presents a compelling investment opportunity in the heart of Ohio's thriving tourism and business sector. This interior corridor hotel boasts 57 well-appointed guest rooms, ensuring a comfortable stay for all visitors.
Here's a closer look at what makes this property stand out:
Prime Location: Nestled near the popular attractions of Amish Country, the hotel enjoys a steady stream of leisure travelers. Additionally, its proximity to a newly established manufacturing facility attracts business travelers, providing a diverse revenue stream.
Attractive Amenities: Guests can unwind and socialize in the hotel's full-service pub, complete with a full liquor license. The indoor pool offers year-round recreation, while the conference facilities cater to business needs and social events.
Comfortable and Spacious: The hotel features spacious guest rooms designed with comfort in mind, ensuring a relaxing stay. The inviting lobby provides a welcoming atmosphere for guests upon arrival.
Strong Revenue and Growth Potential: The Ramada by Wyndham Strasburg demonstrates a strong revenue history, thanks to its strategic location and attractive amenities. Moreover, there's significant potential to further enhance the property and boost revenue through targeted improvements and upgrades.
Potential areas for improvement and growth could include:
Modernization: Updating the decor and furnishings in guest rooms and common areas to enhance the overall appeal.
Expanding Amenities: Adding features like a fitness center or a business center to cater to a wider range of guest needs.
Enhanced Marketing: Implementing a robust marketing strategy to increase visibility and attract more guests.
Focus on Sustainability: Incorporating eco-friendly practices to appeal to environmentally conscious travelers.
With its existing strengths and potential for further development, the Ramada by Wyndham Strasburg promises an attractive return on investment for those seeking a foothold in the hospitality industry.
Investment Highlights: Ramada by Wyndham Strasburg, OH
This property offers a compelling investment opportunity with a proven track record and promising future prospects. Here's why:
Established Brand Power: Benefit from the instant recognition and reputation of the Ramada by Wyndham brand. This affiliation provides access to Wyndham's global reservation system, loyalty programs, and marketing support, driving consistent bookings and revenue.
Multiple Revenue Streams: Enjoy a diversified income base generated not only from lodging but also from the hotel's full-service pub and event facilities. This multi-faceted approach ensures financial stability and resilience.
Strategic Location: Capitalize on the hotel's advantageous location near Amish Country's popular tourist attractions and a burgeoning manufacturing facility. This prime positioning attracts both leisure and business travelers, maximizing occupancy rates.
Well-Maintained Asset: Invest in a property that has been meticulously maintained, ensuring a turnkey operation with minimal immediate capital expenditure. The hotel features a range of desirable amenities, including an indoor pool and comfortable guest rooms, enhancing its appeal to travelers.
Future Growth Potential: Seize the opportunity to further enhance the property's value and profitability through strategic improvements and expansion. Consider modernizing amenities, adding a fitness center, or upgrading the conference facilities to attract a wider range of guests and increase revenue streams.
The Ramada by Wyndham Strasburg presents a compelling investment opportunity in a thriving market. Its established brand, diverse revenue streams, strategic location, and potential for future growth make it an attractive prospect for investors seeking a solid foothold in the hospitality industry.
Here's a closer look at what makes this property stand out:
Prime Location: Nestled near the popular attractions of Amish Country, the hotel enjoys a steady stream of leisure travelers. Additionally, its proximity to a newly established manufacturing facility attracts business travelers, providing a diverse revenue stream.
Attractive Amenities: Guests can unwind and socialize in the hotel's full-service pub, complete with a full liquor license. The indoor pool offers year-round recreation, while the conference facilities cater to business needs and social events.
Comfortable and Spacious: The hotel features spacious guest rooms designed with comfort in mind, ensuring a relaxing stay. The inviting lobby provides a welcoming atmosphere for guests upon arrival.
Strong Revenue and Growth Potential: The Ramada by Wyndham Strasburg demonstrates a strong revenue history, thanks to its strategic location and attractive amenities. Moreover, there's significant potential to further enhance the property and boost revenue through targeted improvements and upgrades.
Potential areas for improvement and growth could include:
Modernization: Updating the decor and furnishings in guest rooms and common areas to enhance the overall appeal.
Expanding Amenities: Adding features like a fitness center or a business center to cater to a wider range of guest needs.
Enhanced Marketing: Implementing a robust marketing strategy to increase visibility and attract more guests.
Focus on Sustainability: Incorporating eco-friendly practices to appeal to environmentally conscious travelers.
With its existing strengths and potential for further development, the Ramada by Wyndham Strasburg promises an attractive return on investment for those seeking a foothold in the hospitality industry.
Investment Highlights: Ramada by Wyndham Strasburg, OH
This property offers a compelling investment opportunity with a proven track record and promising future prospects. Here's why:
Established Brand Power: Benefit from the instant recognition and reputation of the Ramada by Wyndham brand. This affiliation provides access to Wyndham's global reservation system, loyalty programs, and marketing support, driving consistent bookings and revenue.
Multiple Revenue Streams: Enjoy a diversified income base generated not only from lodging but also from the hotel's full-service pub and event facilities. This multi-faceted approach ensures financial stability and resilience.
Strategic Location: Capitalize on the hotel's advantageous location near Amish Country's popular tourist attractions and a burgeoning manufacturing facility. This prime positioning attracts both leisure and business travelers, maximizing occupancy rates.
Well-Maintained Asset: Invest in a property that has been meticulously maintained, ensuring a turnkey operation with minimal immediate capital expenditure. The hotel features a range of desirable amenities, including an indoor pool and comfortable guest rooms, enhancing its appeal to travelers.
Future Growth Potential: Seize the opportunity to further enhance the property's value and profitability through strategic improvements and expansion. Consider modernizing amenities, adding a fitness center, or upgrading the conference facilities to attract a wider range of guests and increase revenue streams.
The Ramada by Wyndham Strasburg presents a compelling investment opportunity in a thriving market. Its established brand, diverse revenue streams, strategic location, and potential for future growth make it an attractive prospect for investors seeking a solid foothold in the hospitality industry.
Property Facts
| Price | $4,025,280 CAD | Lot Size | 2.28 AC |
| Price Per Room | $70,619 CAD | Building Size | 43,203 SF |
| Sale Type | Investment | No. Rooms | 57 |
| Cap Rate | 11.23% | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1997 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B |
| Price | $4,025,280 CAD |
| Price Per Room | $70,619 CAD |
| Sale Type | Investment |
| Cap Rate | 11.23% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.28 AC |
| Building Size | 43,203 SF |
| No. Rooms | 57 |
| No. Stories | 3 |
| Year Built | 1997 |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 10 | $179.70 CAD | - |
| Guest Room | 47 | $135.13 CAD | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,629,586 CAD | |
| Land Assessment | $148,892 CAD | Total Assessment | $2,778,478 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$148,892 CAD
Improvements Assessment
$2,629,586 CAD
Total Assessment
$2,778,478 CAD
zoning
| Zoning Code | GC (General Commerical) |
| GC (General Commerical) |
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Ramada Limited Strasburg Dover | 509 S Wooster Ave
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