Days Inn Amherst | 934 N Leavitt Rd
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Days Inn Amherst 934 N Leavitt Rd
85 Room Hotel Amherst, OH 44001 $5,457,028 CAD ($64,200 CAD/Room) 11.19% Cap Rate
Investment Highlights
- PIP Status: $150K remaining; $120K Wyndham incentives available upon completion.
- 80-room, two-story hotel interior/exterior corridor hotel that includes a managers apartments
- CAP Rate: 11.19% | Revenue Multiplier: 3.3x
- 2023 Revenue: $1,130,953 | REVPAR: $35.53 | NOI: $425,410 (38% Margin)
- Located off Ohio State Route 2 and Interstate-90, 30 miles from Cleveland and Sandusky.
Executive Summary
The Days Inn Amherst is an 80-room, two-story hotel that includes a manager’s apartment and sits on 2.44 acres. Located at 934 N Leavitt Road, Amherst, OH 44001, off of Ohio State Route 2 & Interstate-90. Current ownership has began their PIP, roughly an estimated $100K-$150K remains. The hotel offers various common area amenities, including meeting space, breakfast area, an outdoor pool (Currently closed).
Amherst, Ohio, is a charming city in Lorain County, about 30 miles west of Cleveland. Known for its sandstone quarrying history, it’s often called “The Sandstone Center of the World.” Amherst features a vibrant downtown with historic buildings, local shops, and restaurants, offering a small-town feel with suburban comforts. Its excellent schools, parks, and proximity to Lake Erie make it a welcoming community for families and visitors alike.
Amherst, Ohio, is a charming city in Lorain County, about 30 miles west of Cleveland. Known for its sandstone quarrying history, it’s often called “The Sandstone Center of the World.” Amherst features a vibrant downtown with historic buildings, local shops, and restaurants, offering a small-town feel with suburban comforts. Its excellent schools, parks, and proximity to Lake Erie make it a welcoming community for families and visitors alike.
Data Room Click Here to Access
- Offering Memorandum
- Third Party Reports
- STR Reports
- PIP
- P&L
- Hotel Stat
- Franchise Documents
Property Facts
| Price | $5,457,028 CAD | Building Size | 42,655 SF |
| Price Per Room | $64,200 CAD | No. Rooms | 85 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 11.19% | Year Built/Renovated | 1972/1987 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.73/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 2.44 AC |
| Price | $5,457,028 CAD |
| Price Per Room | $64,200 CAD |
| Sale Type | Investment |
| Cap Rate | 11.19% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.44 AC |
| Building Size | 42,655 SF |
| No. Rooms | 85 |
| No. Stories | 2 |
| Year Built/Renovated | 1972/1987 |
| Tenancy | Single |
| Parking Ratio | 1.73/1,000 SF |
| Corridor | Interior |
Amenities
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 85 | $93.34 CAD | - |
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PROPERTY TAXES
| Parcel Number | 05-00-040-106-109 | Improvements Assessment | $719,640 CAD |
| Land Assessment | $187,530 CAD | Total Assessment | $907,170 CAD |
PROPERTY TAXES
Parcel Number
05-00-040-106-109
Land Assessment
$187,530 CAD
Improvements Assessment
$719,640 CAD
Total Assessment
$907,170 CAD
zoning
| Zoning Code | C 2 (Motel) |
| C 2 (Motel) |
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Days Inn Amherst | 934 N Leavitt Rd
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