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Mumford Company | Trusted Hotel Advisors Since 1978

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Quality Inn & Suites – 44266 Fairground Rd, Caldwell, OH, 43724

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Price: $1,800,000
Address: 44266 Fairground Rd
City: Caldwell
State: OH
ZIP: 43724
Rooms #: 80
Rooms #: 80
Square Feet:
Bedrooms:
Bathrooms:
Basement:

Additional Features:

  • Revenues & market share rapidly recovering from Covid-related declines in 2020
  • Monthly revenue improvement from April 2021 through November 2021 averages $13,875
  • Trailing 3-month RevPAR index for the property is up 31%
  • Well maintained property
  • Minimal PIP expected & Choice is also offering a reduced affiliation fee of $7,500 for re-licensing
  • Ability to drive revenues with hands-on management
  • In Cooperation with Re/Max Town Center An Ohio Licensed Broker 4215 Worth Avenue, Suite 230 Columbus, Ohio 43219

Location/Market

  • Caldwell is a gateway to southeastern Ohio’s multiple outdoor recreational venues.
  • Easily Accessible from Interstate 77
  • Ohio Route 78 (McConnell Road) has been designated as Ohio’s Appalachian Scenic Byway in Noble County
  • Close to Regional Demand Generators
    • At the same exit as Noble County Fairgrounds, home to the Noble County Fair, the Appalachian Foothills Fall Festival, and other special events
    • Noble Correctional Facility
    • Wolf Run State Park
    • Big Muskies Bucket & Miner’s Memorial Park
    • The Wilds

Physical Plant

  •  Interior Corridors
  •  Vinyl Siding
  •  Asphalt Parking Lot
  •  Snack Bar Adjacent to Front Desk
  •  Exercise Room
  •  Wireless Internet
  •  Built in 2015
  •  3 Stories
  •  Wood Frame Construction
  •  Pitched Roof with Asphalt Shingles
  •   Grab ‘n Go Breakfast
  •   Meeting Room
  •  Guest Laundry
  • 80 Guest Rooms (2 Rooms Converted to Storage)

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Financials

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This is a confidential offering intended for the recipient’s use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!