For Sale
$5,200,000

10 Rockridge Rd Englewood, OH 45322

148-Key Hotel, Dayton Airport Area

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 88,882 square-foot, four-story hotel presents a compelling investment opportunity. Located in Englewood, Ohio, near the Dayton airport, this Quality Inn boasts 148 keys and underwent a complete renovation in 2024, maintaining Quality Inn brand standards. Originally built in 1974, the property sits on a 4.75-4.76 acre lot and is zoned C - Motels, offering versatile usage potential. The property features a strong pro-forma NOI of $520,000, representing a 10% cap rate on the $5,200,000 asking price. This translates to a price per key of $35,135.14 and a price per square foot of $58.50. Financial records indicate positive revenue trends with significant upside potential for increased occupancy and average daily rate (ADR). The property's prime location near major transportation routes and its established presence in a thriving commercial market contribute to its strong investment potential. Minimal property improvement plan (PIP) is anticipated if the Quality Inn franchise affiliation is continued. Ample parking is available for guests and visitors. The well-maintained interior and attractive exterior enhance the property's appeal. This fee-simple acquisition offers diverse opportunities for alternative utilization, making it an attractive investment for both experienced and emerging investors seeking a strong return in the Dayton, Ohio market. The property's APN is M57 00501 0059.

Highlights

  • Fee simple ownership of a Quality Inn.
  • 88,882 square-foot, four-story hotel with 148 keys.
  • Built in 1974, renovated in 2024 to Quality Inn brand standards.
  • Strong revenue with significant upside potential.
  • Prime location in the Dayton (airport area) Ohio market.
  • C-Motels zoning offers flexible usage options.

Property Details for 10 Rockridge Rd

Property type
Hospitality properties, Hotels
Square Feet
88,882 SF
Year Built/Renovated
1974/2024
Stories
4
Lot Size (sq. ft)
206,910 SF

Location Insight

City
Englewood
County
Montgomery
State
Ohio
Latitude
39.858693
Longitude
-84.2825886

FAQs

What type of property is this?
Hospitality property - 148-Key Hotel, Dayton Airport Area
Where is the hospitality property located?
The property is located at 10 Rockridge Rd Englewood, OH.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Fee simple ownership of a Quality Inn.; 88,882 square-foot, four-story hotel with 148 keys.; Built in 1974, renovated in 2024 to Quality Inn brand standards.
How can I contact the broker?
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10 Rockridge Rd
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