Dayton, Ohio, is a prime location for investing in hotels, with a rich history of innovation and development. The city's significant contributions to aviation and aerospace technology, as well as its strong healthcare sector, make it an attractive destination for business travelers and tourists alike. Hotels in Dayton offer a unique opportunity to tap into the city's diverse economy, which is supported by major employers and industries such as the Kettering Health Network, Premier Health Partners, and the University of Dayton Research Institute. With its blend of technological advancement, healthcare excellence, artistic offerings, and historical significance, Dayton is an ideal location for hotel investors. The city's amenities, including the Five Rivers MetroPark and the National Museum of the United States Air Force, also make it an attractive destination for leisure travelers. Additionally, Dayton's strong legacy of invention and entrepreneurship, as well as its notable figures like the Wright brothers and Charles F. Kettering, add to the city's appeal.
With 2 hotels for sale in Dayton, investors have a range of options to choose from. Dayton's hotels offer a unique blend of amenities, infrastructure, and location, making them an attractive investment opportunity. The city's major highways, including Interstate 75, Interstate 70, and Interstate 675, provide easy access to the city and its surrounding suburbs. Additionally, Dayton International Airport and regional airports like Dayton-Wright Brothers Airport, Dahio Trotwood Airport, and Moraine Airpark offer convenient travel options. In terms of other property types, Dayton also offers a range of options, including restaurants, apartment buildings, and shopping centers. For example, the city's Oregon District is known for its eclectic mix of restaurants and bars, while its apartment buildings offer a range of options for residents. The city's shopping centers, such as the Dayton Mall, provide a convenient shopping experience for locals and visitors alike. Overall, Dayton's hotels offer a unique investment opportunity in a city that is rich in history, innovation, and culture.
What factors should I consider when buying a hotel in Dayton?
When buying a hotel in Dayton, there are several key factors to consider, including:
- The local economy, which is driven by major industries such as aviation/aerospace technology, healthcare, and arts and culture, and is supported by major employers like the Kettering Health Network, Premier Health Partners, and the University of Dayton Research Institute.
- The city's infrastructure, which includes major highways like Interstate 75, Interstate 70, and Interstate 675, as well as the Dayton International Airport and inter-modal freight railroad terminals for CSX and Norfolk Southern Railway.
- The hotel's location and accessibility, with proximity to popular amenities like the Five Rivers MetroPark, the National Museum of the United States Air Force, and the Dayton Art Institute, as well as its distance from major highways and transportation hubs.
Additionally, it's essential to research the current market conditions, including the average price per square foot of $279 USD, the average size of hotels for sale in square feet of 45,041 square feet, and the largest size of hotels for sale in square feet of 88,882 square feet. You should also consider the average cap rate of 10% and the number of available listings, which currently stands at 2.
Financing options, such as CRE loans, should also be explored. For more information on commercial real estate loans, check out our article at CRE loans.
How is the value of a hotel for sale typically calculated?
The value of a hotel for sale in Dayton, Ohio is typically calculated through a comprehensive CRE appraisal, which takes into account various factors such as the property's income-generating potential, expenses, and market conditions. For instance, a CRE appraisal may consider the hotel's average daily rate, occupancy rate, and revenue per available room, as well as the local market's supply and demand dynamics, to determine its value - learn more about the CRE appraisal process at CRE appraisals.
