For Sale
$15,500,000

2901 Airport DrColumbus, OH 43219

Profitable Ohio Hotel Near Airport

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple, 150-key Courtyard by Marriott in Columbus, Ohio, presents a compelling investment opportunity. Boasting 87,297 square feet on a 3.226-acre lot, this three-story hotel underwent a comprehensive renovation in 2021, enhancing its appeal to guests. Currently operating at 70% occupancy, the hotel features a Bistro Restaurant and Lounge, 1,226 square feet of meeting space, a fitness center, guest laundry, business center, sundry shop, and an outdoor fire pit. Its prime location near John Glenn International Airport (CMH), undergoing a $2 billion expansion, and Ohio State University (OSU), with its 65,000+ student population, ensures consistent demand. Further bolstering its potential is the proximity to major corporations like Intel, Amazon, Honda, and LG, which are significantly investing in the Columbus area, driving substantial economic growth and increased passenger traffic at CMH (projected to rise from 8,375,000 to 13,000,000 annually). The hotel's proximity to the Greater Columbus Convention Center, a large facility with extensive meeting and exhibit space, adds another layer of consistent revenue generation. Built in 1997, this stabilized investment offers operational upside in an expanding market, making it an attractive acquisition for discerning investors. The asking price is $15,500,000.

Highlights

  • $15,500,000 asking price for a stabilized, fee-simple ownership opportunity.
  • Courtyard by Marriott hotel with 150 keys and 87,297 square feet.
  • 70% occupancy rate.
  • Located in Columbus, OH, near John Glenn International Airport and Ohio State University.
  • Recently renovated in 2021 (major renovation completed).

Property Details for 2901 Airport Dr

Property type
Hospitality properties, Hotels
Square Feet
87,297 SF
Year Built/Renovated
1997/2021
Buildings
1
Stories
3
Lot Size (sq. ft)
140,525 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9989799
Longitude
-82.9316483
2901 Airport Dr, Columbus, Ohio

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2901 Airport Dr
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