For Sale
$5,500,000

9369 Waterstone BlvdCincinnati, OH 45249

93-Room Extended Stay Hotel, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 93-unit extended-stay hotel, built in 1999, presents a compelling investment opportunity in the Cincinnati MSA. Located at 9369 Waterstone Blvd, Cincinnati, OH 45249, this two-building, three-story property offers significant upside potential. Currently operating remotely, the hotel benefits from a prime location just twenty miles northeast of downtown Cincinnati, directly off I-71, providing easy access to the thriving northern Cincinnati market. The area boasts strong demand generators, including King's Island, major sports teams, and the Creation Museum, alongside a substantial corporate presence, including seven Fortune 500 companies and Amazon Air's World AirHub. Cincinnati's attractive business environment, including low state income taxes and corporate incentives, further enhances the property's value. The hotel's interior corridor design and existing infrastructure provide a solid foundation for potential conversion opportunities with attractive incentives from Choice and Best Western. This turnkey asset offers a savvy investor the chance to leverage the hotel's existing infrastructure and strong location to maximize returns through active management and potential brand affiliation changes. The asking price is $5,500,000.

Highlights

  • Absentee-owned, 93-unit extended-stay hotel in Cincinnati MSA.
  • Conversion opportunities available with attractive brand incentives.
  • Prime location near I-71, 20 miles northeast of downtown Cincinnati, close to major employers including seven Fortune 500 companies and Amazon Air's World AirHub.

Property Details for 9369 Waterstone Blvd

Property type
Hospitality properties, Hotels
Year Built
1999
Buildings
2
Stories
3

Location Insight

City
Cincinnati
County
Warren
State
Ohio
Latitude
39.2708955
Longitude
-84.3279093
9369 Waterstone Blvd, Cincinnati, Ohio

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9369 Waterstone Blvd
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