Homewood Suites by Hilton Toledo Maumee Ohio | 1410 Arrowhead Dr
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Homewood Suites by Hilton Toledo Maumee Ohio 1410 Arrowhead Dr
78 Hotel Rooms Online Auction Sale Maumee, OH 43537
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Investment Highlights
- Fee simple interest in the institutionally owned 78-room Homewood Suites Grand Toledo in Maumee, Ohio.
- Part of a four-property portfolio, with all properties being sold individually.
- Offered unencumbered by brand, with a variety of alternative branding options available for conversion.
- Available for purchase in the January 23rd auction event via Ten-X.
- Offered unencumbered by management and debt and a significant discount to replacement cost.
- Strong operational upside in transitioning the asset out of institutional ownership and third-party management.
Executive Summary
Extended stay rooms are fully equipped with kitchens, making them ideal for potential residential conversion or alternative uses, pending zoning and municipal approvals.
Easily accessible via the heavily trafficked Interstate 475 and Dussel Drive corridor, with over 75,000 vehicles passing daily.
Located directly adjacent to the 1,100-acre Arrowhead Business Park, home to more than 250 companies accounting for more than 14,000 local jobs.
Walking distance to a newly planned 250-unit, $60 million luxury apartment complex development within Arrowhead Business Park.
Situated less than three miles from Maumee’s three largest employers: United Parcel Service, St. Luke’s Hospital, and Dana Incorporated.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Broker of Record: Errol D'Souza, OH License #BRKP.2002016764
Easily accessible via the heavily trafficked Interstate 475 and Dussel Drive corridor, with over 75,000 vehicles passing daily.
Located directly adjacent to the 1,100-acre Arrowhead Business Park, home to more than 250 companies accounting for more than 14,000 local jobs.
Walking distance to a newly planned 250-unit, $60 million luxury apartment complex development within Arrowhead Business Park.
Situated less than three miles from Maumee’s three largest employers: United Parcel Service, St. Luke’s Hospital, and Dana Incorporated.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Broker of Record: Errol D'Souza, OH License #BRKP.2002016764
Data Room Click Here to Access
- Purchase Agreement
- Operating and Financial Statements
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per Room
Ohio Area USA
Market Cap Rate
Ohio Area USA
Market Sale Price per Room by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Cap Rate by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Sale Price per Room Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | Building Size | 55,762 SF |
| Sale Conditions | Auction Sale | No. Rooms | 78 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1997/2015 |
| Building Class | B | Parking Ratio | 1.69/1,000 SF |
| Lot Size | 1.21 AC | Corridor | Interior |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.21 AC |
| Building Size | 55,762 SF |
| No. Rooms | 78 |
| No. Stories | 3 |
| Year Built/Renovated | 1997/2015 |
| Parking Ratio | 1.69/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- On-Site Retail
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 78 | $205.00 | - |
PROPERTY TAXES
| Parcel Number | 35-00312 | Improvements Assessment | $1,174,985 |
| Land Assessment | $78,925 | Total Assessment | $1,253,910 |
PROPERTY TAXES
Parcel Number
35-00312
Land Assessment
$78,925
Improvements Assessment
$1,174,985
Total Assessment
$1,253,910
zoning
| Zoning Code | C-M |
| C-M |
Sale Advisors
Sale Advisors
Joseph Cuomo, Principal & Founder
(646) 425-5632
Contact
Joseph Cuomo is a principal and founding member of Alchemy Real Estate Advisors (AREA). He brings 25 years of commercial real estate experience in investment sales, capital markets, special servicing, and investment banking to the Alchemy team. Before founding Alchemy, Joseph oversaw Ten-X’s institutional auction sales platform and personally transacted more than $2 billion of commercial real estate. Before that, Joseph managed LNR Partners’ loan sale advisory business and founded Lighthouse Advisory Services, a commercial real estate consulting firm. Joseph’s earlier roles include Vice President at Merrill Lynch, specializing in CMBS securitizations, and various roles at Deutsche Bank Securities and Ernst & Young. Joseph graduated cum laude from the University of Miami and holds a Bachelor of Business Administration degree.
Brent Clemens, Principal & Founder
(312) 402-2959
Contact
Brent Clemens is a principal and founding member of Alchemy Real Estate Advisors (AREA). Brent brings extensive expertise to the Alchemy team and over 20 years of experience in hotel investment sales. He started his career with CBRE’s hotel investment sales team and later served as Senior Managing Director at Paramount Lodging Advisors. Brent has personally managed over 300 hotel and non-hotel non-performing loan sales, totaling nearly $3 billion in market capitalization. These transactions include single-asset and portfolio sales for many of the industry’s top institutional investors, lenders, and special servicers. Brent earned his bachelor’s degree from the University of Notre Dame.
Bennett Webster, Principal & Founder
(312) 339-3698
Contact
Bennett Webster is a principal and founding member of Alchemy Real Estate Advisors (AREA). Bennett has overseen the sale of nearly $3 billion in non-performing hotel and hotel loan assets, encompassing over 300 transactions throughout his career. These transactions include asset and note sales on behalf of prominent national and multinational private equity firms, REITs, lenders, and servicers. This includes extensive experience with CMBS REO, receiver sales, and non-performing loan sales. Before founding Alchemy, Bennett was a Senior Managing Director at Paramount Lodging Advisors. Bennett earned his MBA in Real Estate Finance & Investment from DePaul University Kellstadt School of Business and his bachelor’s degree in finance from Bentley University.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
Contacts
-
Joseph Cuomo -
Adam Montufar -
Brent Clemens -
Bennett Webster -
Alchemy Real Estate Advisors, LLC
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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