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11689 Chester RdCincinnati, OH 45246

144-Key Hotel, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 144-key Sonesta ES Suites hotel presents a compelling investment opportunity. Located in Cincinnati, Ohio, at 11689 Chester Rd, 45246, this two-story, fee-simple property sits on 7.94 acres and boasts a prime location just fifteen miles northwest of downtown Cincinnati, directly off the I-75 & I-475 Interchange. Built in 1985 and extensively renovated in 2022, the hotel offers strong historical revenues, exceeding $2.5 million in 2023. Currently operating at 55.69% occupancy, this absentee-owned and managed property offers significant upside potential for a hands-on owner-operator seeking to optimize operational efficiency and reduce expenses. The hotel benefits from its proximity to major demand generators, including King's Island, the Cincinnati Bengals & Reds, The Creation Museum, and a substantial corporate presence, including five Fortune 500 companies and Amazon Air's World AirHub. The Cincinnati metropolitan area's robust economy, attractive tax incentives, and skilled workforce contribute to the hotel's long-term viability. The property will be delivered unencumbered of management and is expected to require minimal capital expenditures post-acquisition. This presents a rare chance to acquire a well-positioned, renovated hotel in a thriving market with considerable potential for increased profitability.

Highlights

  • 144-unit renovated extended-stay hotel.
  • 2023 revenue exceeding $2.5M.
  • Absentee-owned and managed, offering significant upside potential.
  • Prime location near major demand generators, including King's Island and corporate centers.
  • Located in the Cincinnati MSA, a major logistics hub.

Property Details for 11689 Chester Rd

Property type
Hospitality properties, Hotels
Year Built/Renovated
1985/2022
Stories
2
Lot Size (sq. ft)
345,866 SF

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.28794697351
Longitude
-84.443437178248
11689 Chester Rd, Cincinnati, Ohio

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11689 Chester Rd
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