Motel 6 Youngstown, Ohio
ASKING PRICE HOTEL $2,200,000
Room Multiplier 3.0x
Prime and highly visible and irreplaceable ± 2.92-acre location off Interstate 80 (Exit 229), which carries hundreds of thousands of vehicles daily in the region. The location is in a major regional transportation hub ideal for budget hotels such as the Motel 6.
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 been fully renovated with the latest G6 brand standards. The Property is being sold turn key, with no or minimal PIP. The Property also has a fully renovated Manager's Suite.