11349 Reed Hartman Hwy - Hospitality FOR SALE


Cincinnati, OH 45241- Montgomery
$3,300,000 USD
602-478-9636
11349 Reed Hartman Hwy, Cincinnati, OH for Sale
$3,300,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

11349 Reed Hartman Hwy
Cincinnati, OH 45241
Montgomery


HIGHLIGHTS

  • 50 rooms, three-story, interior corridor
  • 3-year average revenue: $840,875
  • Located 20 miles north of downtown Cincinnati
  • 10 miles from Kings Island Amusement Park
  • Less than 20 miles the stadiums for the Cincinnati Bengals, FC Cincinnati and the Cincinnati Reds

OVERVIEW

Property Description NewGen Advisory proudly presents The Blu Hotel - Cincinnati OH, an Ascend Hotel Collection, a 50-room upscale boutique hotel in the thriving Cincinnati suburb of Blue Ash, Ohio. The hotel is located just 20 minutes north of downtown. With easy access to Interstates 75 and 71, this property offers a prime investment opportunity in a high-demand market. The Blu Hotel - Cincinnati OH caters to both business and leisure travelers, featuring spacious suites, free gourmet coffee, a seasonal outdoor pool, and a fitness center. The hotel’s location offers convenient access to notable attractions like Kings Island Amusement Park, the Cincinnati Zoo & Botanical Garden, etc. Major league stadiums for the Cincinnati Bengals, FC Cincinnati, and the Cincinnati Reds are all within 20 miles from the hotel. Fortune 500 companies such as Proctor and Gamble, Kroger, Fifth Third Bank, along with nationally recognized universities such as Xavier University and the University of Cincinnati are also within a short drive from the hotel. Location Description Cincinnati, Ohio, is a vibrant city nestled along the banks of the Ohio River in the southwestern corner of the state. Known as the "Queen City," it boasts a rich blend of historic charm and modern innovation. There is iconic 19th-century architecture, bustling riverfront parks, and a dynamic cultural scene rooted in a strong German heritage.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$77 USD /SF

# OF ROOMS

50

PRICE/ROOM

$66,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ascend Collection The Blu Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1987

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

M-1

APN/PARCEL ID

612-0170-0178

ASK ABOUT THIS PROPERTY

Dinesh Dan RamaNewGen AdvisoryMore Info
602-478-9636

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Dinesh Dan RamaNewGen AdvisoryMore Info
602-478-9636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.