Baymont Inn and Suites by Wyndham Columbus 887 Morse Rd
134 Room Hotel Columbus, OH 43229 $4,800,000 ($35,821/Room) 11.46% Cap Rate
INVESTMENT HIGHLIGHTS
- TURNKEY PROPERTY – The hotel will have minimal outstanding PIP as the owner has continued to renovate the property over the last three years.
- CASH FLOWING BUSINESS – Given the limited-service nature of the hotel, the new owner will be able to maintain the low expense load of 58%
- COLUMBUS GROWTH – Columbus has experienced a 9% RevPAR growth over the past 12 months and is projected to continue rising over the next 18 months
- LOCATED NEAR MULTIPLE DEMAND DRIVERS – Just off the I-71 in North Columbus, the hotel experiences demand from various areas including leisure
EXECUTIVE SUMMARY
Luke Whittaker and Mitchell Glasson are pleased to present this exceptional opportunity to acquire a well-located, 134-room Baymont Inn & Suites at 887 Morse Rd, Columbus, OH. Situated just off Interstate 71 and Morse Road, the property benefits from a high-traffic location with 115,000 vehicles per day. It is surrounded by key demand drivers, including Ohio State University, the Ohio State Fairgrounds, Nationwide Arena, and John Glenn Columbus International Airport, which drive consistent occupancy. The Columbus market has experienced one of the highest RevPAR growths in the country, up 9% in the past year, with continued growth expected. The hotel underwent a 2022 renovation, and there is minimal outstanding PIP for the new owner. With strong future growth potential and the opportunity to leverage the city’s relationship to outperform the comp set, this hotel offers a prime investment in a thriving market.
Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
PROPERTY FACTS
| Price | $4,800,000 |
| Price Per Room | $35,821 |
| Sale Type | Investment |
| Cap Rate | 11.46% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.36 AC |
| Building Size | 43,992 SF |
| No. Rooms | 134 |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2022 |
| Parking Ratio | 3.73/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 49 | $81.00 | - |
| Guest Room | 85 | $76.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $756,385 | |
| Land Assessment | $364,210 | Total Assessment | $1,120,595 |
ZONING
| Zoning Code | CPD, Columbus |
