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887 Morse Rd
Columbus, OH 43229 Maize-Morse

$4,800,000 USD

Hotel For Sale  •  43,992 SF

Property Details

• Property Type Hotel
• Total Building Size 43,992 SF
• Lot Size 2.36 AC
• Building Class C
• Year Built 1989
• Cap Rate 11.46 %
• Tenancy Multiple
• Zoning CPD, Columbus

39 Transit Score

56 Walk Score

Highlights

TURNKEY PROPERTY – The hotel will have minimal outstanding PIP as the owner has continued to renovate the property over the last three years.

COLUMBUS GROWTH – Columbus has experienced a 9% RevPAR growth over the past 12 months and is projected to continue rising over the next 18 months

CASH FLOWING BUSINESS – Given the limited-service nature of the hotel, the new owner will be able to maintain the low expense load of 58%

LOCATED NEAR MULTIPLE DEMAND DRIVERS – Just off the I-71 in North Columbus, the hotel experiences demand from various areas including leisure

Cap Rate:

11.46 %

Amenities

• Business Center
• Pool
• High Speed Internet Access
• Patio
• Public Access Wifi

Public Transportation

Airport	Drive	Walk	Distance
John Glenn Columbus International	18 min	-	10.5 mi
Rickenbacker International	32 min	-	21.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	131
Type:	Surface
Included in Rent:	Yes