4406 State Route 43 | Kent, OH 44240
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- LoopNet Team
4406 State Route 43
Kent, OH 44240
Hampton Inn at Kent State University · Hospitality Property For Sale · 51,612 SF
Investment Highlights
- Three-story Hilton-branded hotel with billboard visibility on I-76, just two miles to Kent State University which is home to roughly 41,000 students.
- The hotel recently completed the exterior Forever Young renovation offering significant upside ability to drive revenue and ADR post-renovation.
- Strong historical revenues with the 2017-2019 3-year average at $1.76 million and a strong historical NOI with 2018 ending at $493k and 2019 at $478k.
- The hotel's running three-month revenue through July is up 141.6%, and the YTD revenue is up 46.8%, denoting a strong post-Covid recovery.
- The competitive set and subject hotel are outperforming the Akron submarket in both demand and revenue on a running three-month basis per STR report.
- Ranked #2 out of 8 hotels in Kent by TripAdvisor with over 500 reviews and a 4.5/Excellent rating from guests.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1998 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.78 AC | Parking Ratio | 1.49/1,000 SF |
| Building Size | 51,612 SF | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.78 AC |
| Building Size | 51,612 SF |
| No. Stories | 3 |
| Year Built | 1998 |
| Tenancy | Single |
| Parking Ratio | 1.49/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Digital key
PROPERTY TAXES
| Parcel Number | 04-023-00-00-055-001 | Improvements Assessment | $1,670,410 |
| Land Assessment | $136,850 | Total Assessment | $1,807,260 |
PROPERTY TAXES
Parcel Number
04-023-00-00-055-001
Land Assessment
$136,850
Improvements Assessment
$1,670,410
Total Assessment
$1,807,260
zoning
| Zoning Code | HC,Kent (Highway Commercial District) |
| HC,Kent (Highway Commercial District) |
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