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130 Montrose West Ave
Copley, OH 44321

Baymont Inn & Suites and Super 8 (Akron MSA) · Hospitality Property For Sale · 149,087 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 3.54 AC
Building Size 149,087 SF
No. Stories 2
Year Built/Renovated 1989/2015
Tenancy Single
Parking Ratio 0.8/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub

About 130 Montrose West Ave , Copley, OH 44321

The Baymont Inn & Suites and Super 8 is a dual branded hotel opportunity located 130 Montrose West Avenue in a suburb of Akron known as Copley Township, Ohio (the "Property" or "Hotel"). The hotel is a two-story, interior corridor, 126-room hotel that presents investors an opportunity to acquire a well-positioned asset that was recently renovated and rebranded. Built in 1989, and recently renovated in 2015, the dual branded Hotel is comprised of a 62-room Baymont Inn & Suites, Building A, and a 64-room Super 8, Building B. The Baymont Inn & Suites and Super 8 have a ±65% blended occupancy rate. The Property is situated on a single parcel totaling ±3.5362 AC and offers guests ±131 parking spaces. The Hotel features complimentary breakfast, business center, conference center (±1,997 SF), high speed internet, and fitness center. Most hotel rooms offer a desk, ironing board, hair dryer, microwave, mini-refrigerator, coffee/tea maker, and flat-screen HDTV; Some suites come equipped with kitchenette and cook-top, ideal for extended stays. Copley Township is one of the nine townships of Summit County, and is a suburb of Akron, Ohio. The Property is located in on a main commercial thoroughfare and in 2018 has approximately ±55,667 individuals residing within a five-mile radius of the property with an average household income of ±$102,435. In 2018, the total specified consumer spending within a 5-mile radius of the Property accounts for ±$664,242 and there are ±3,718 businesses and ±40,649 employees. The Hotel is within Copley, located off Exit #137A on I-77 and offers convenient to Akron and its business and financial districts. The proximity to FirstEnergy Corporation, Sterling Jewelers, YRC Freight, and Summa Health System facilities makes this Property a top choice for business travelers in greater Akron. The Property is located near top-name entertainment at Blossom Music Center and Akron Rubber Ducks baseball games at Canal Park. Other nearby attractions include the University of Akron, Stan Hywet Hall & Gardens, Hale Farm & Village, InfroCision Stadium-Summa Field, and the Akron Civic Theatre. Additionally, the Property benefits from its location within close proximity to a variety of retail and dining options within the immediate vicinity. The Baymont Inn & Suites and Super 8 offers investors the opportunity to purchase a dual branded interior corridor hotel with a suburb of Akron with upside potential and future value-add.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-02023
Land Assessment
$398,958
Improvements Assessment
$802,806
Total Assessment
$1,201,764

zoning

Zoning Code C4, Copley
C4, Copley
  • Listing ID: 14191572

  • Date on Market: 10/25/2018

  • Last Updated:

  • Address: 130 Montrose West Ave, Copley, OH 44321

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