INVESTMENT HIGHLIGHTS • 119 Units. Priced way below Appraised value • Prime Location in Ohio just 1 hour East of Cleveland • Current Owner's PIP Completed • Interior Corridor Hotel. • Bar onsite- Fully operational • Full Equipped commercial Kitchen. • Direct Access to and Excellent Visibility from Interstate 90 • High growth potential for Owner/Operator EXECUTIVE SUMMARY The Red Roof Inn – Austinburg-Ashtabula OH is a 119-unit, two story interior corridor hotel in Northeast Ohio, just 1hour East of Cleveland on Interstate 90. It is a prime location between Cleveland Ohio and Erie PA with excellent access to and visibility from the Interstate. Current owner has spent 1 million on renovations. The Owner has completed the PIP that was required of him. Fully Renovated hotel with everything new in the rooms. New Carpet and lighting in the hallways, New Roof etc. The hotel is located across Flying J truck Stop and less than 1/4th mile from Pilot truck Stop. Less than 5 miles from Geneva On the Lake (Lake Erie). 5 miles from Spire Sports Academy There is a 1-bed 1-bathroom manager's quarters including a kitchen and living room upstairs. Popular Demand Generators nearby Spire Sports Academy (Paralympic Sports Center, Geneva On the Lake (Popular Tourist Site), Grand River Academy, Covered Bridges, Wine Tours, Multimillion Dollar Pig Iron Plant, Kent State University, Jefferson Fairgrounds and many more. The property is situated on 10 Acres of land with opportunity and demand to build 2 more hotels. Property is for Sale by Owner. NO BROKERS PLEASE. DIRECT BUYERS ONLY. EMPLOYEES ARE NOT AWARE OF THE SALE. PLEASE DO NOT CALL THE HOTEL OR VISIT WITHOUT EXPLICT PERMISSION FROM THE OWNER. PROPERTY FACTS Price Per Room: $ 37,000- Priced below appraised value and replacement cost. The hotel was appraised for 5.5 million. Sale Type Investment Property Type Hospitality Property Subtype Hotel Lot Size 10 Acres No. Rooms 119 No. Stories 2 Year Built 1963 Corridor: Interior Reason Sale: Owner Retiring and moving out of country. • Bar onsite- Fully operational • Full Equipped commercial Kitchen. • High Speed Internet Access • Public Access Wi-Fi • 3 Large Banquet Halls. Can hold up to 200 People • 1 Board/Meeting Room