11689 Chester RdCincinnati, OH 45246

Property Details for 11689 Chester Rd

Year built

1989

Lot size

7.94 AC

Property size (Sq ft)

1,350 SF

Property type

Hospitality properties

Property subtype

Motels

APN

608-0022-0022-00

APU

6080022002200

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $177,374

  6.5%

  $163,730

  7%

  $152,035

• Comparable approach

  Method

  Valuation

  Relative Method

  $393,993

  Geo Method

  $393,993

• Alternative Use

  Use

  Valuation

  Residential

  $178,745

  Hospitality

  $163,730

  Educational

  $136,221

  Medical

  $140,906

  Retail

  $211,900

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.2876

Longitude

-84.4443

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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