1300 Youngstown Warren Rd - Hospitality FOR SALE


Niles, OH 44446
$2,775,000 USD
818-851-3300
1300 Youngstown Warren Rd, Niles, OH for Sale
$2,775,000 USD
Hospitality - FOR SALE
1/6
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1300 Youngstown Warren Rd
Niles, OH 44446


HIGHLIGHTS

  • 74 Unit, 2 Story Interior and Exterior Corridor Hotel
  • Room Revenue $806,594 in 2022 and $770,749 in 2023
  • Incentives Available for Change in Flag with Multiple Franchisors Including Red Roof Inn
  • Perfect for Owner-Operator; 2 Bedroom Manager's Apartment
  • Recent Upgrades Include Carpet in the Entire Hotel Not Depicted in Photos Online
  • Offers Encouraged from Longtime Owner of 40+ Years

OVERVIEW

The Days Inn is a 74 room, 2 story interior and exterior corridor hotel, located in Eastern Ohio just North of Interstate 80. The hotel has been owned by the same family for over 40 years. There is a 2 bedroom manager's apartment in the 1st building with kitchenette and dining area, making the hotel perfect for an owner-operator. The Seller says approximately $100,000 was spent renovating the hotel, including carpet in guest rooms and hallways and other capital expenditures. There are doors on the 2nd floor to balconies as well. The Seller mentioned that there is conversion opportunity and incentives available to move to the Red Roof flag. Also, revenues in 2023 were affected by water not being available due to a city main water break for 3 days in August, and a circulation pump affecting 25 rooms A/C units in the summer months. Niles, Ohio's economy is powered by manufacturing, retail, healthcare, education, tourism, and transportation. These sectors create jobs and drive local spending, sustaining the city's growth and development. Some major employers nearby include the General Motors Lordstown Complex in nearby Lordstown, Mercy Health providing healthcare services, Vallourec Star steel pipe manufacturing in Youngstown, Youngstown State University, Giant Eagle supermarket chain, and local government entities. Additionally, various retail chains, restaurants, and hotels in the area also contribute significantly to local employment.

FOR SALE DETAILS

PRICE

$2,775,000 USD

PRICE/SF

$81 USD /SF

# OF ROOMS

74

PRICE/ROOM

$37,500 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn by Wyndham Niles

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

58

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,771 SF

ZONING

MOTEL/TOURIST CABINS (41

APN/PARCEL ID

20-025388,20-025389

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3300

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3300

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