Super 8 Millbury Toledo

CONFIDENTIAL LISTING
108 Rooms 
ASKING PRICE HOTEL EXCESS AND LAND $3,100,000
Price/Room $28,704
Room Multiplier 2.88x

  • Prime and highly visible ± 21.47-acre location off Interstate 280, within minutes Interstate 280.  The location is in a major regional transportation hub ideal for budget hotels such as the Super 8. 

  • The Property will be delivered free and clear of management. The Property runs with a corporate expense structure, and a new hands-on management will benefit from numerous expense reductions in labor, repair, maintenance, general and administrative expenses.

  • The Property has had staff turnover and on-site management issues that have impacted revenue.  The owner is not local to the Toledo area.  This provides an opportunity for an owner/operator to improve revenue and operational performance.  

  • The Property has over 19 acres of developable land.  The land is zoned for B-3 Highway Business, which allows for numerous opportunities for commercial and retail development. 

  • The adjoining restaurant and lounge is currently vacant.  The building is approximately 12,000 square feet.

Contact

Acadia Lodging Brokers & Advisors
From Wall Street to Main Street, We Know Hotels

1225 Franklin Avenue Suite 325

Garden City, NY 11530
(646) 528-4521
sarora@acadiabrokers.com

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