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80 Springside Dr, Akron, OH, 44333

Hampton By Hilton
$6,500,000

Key Information

$ per SF
$331
Tot. SF
19,622
Lot Size
2.5 Acres
Units
63
Year Built
1996/ R 2025
Term Remaining
± 10 Years
Type
Hospitality
Occupancy
62.7%

Highlights

  • The hotel has no outstanding PIP as the owner completed a full renovation last year.
  • New case goods, soft goods, bedding, and lighting in guestrooms
  • Updated bathrooms (vanities, mirrors, fixtures)
  • Refreshed lobby and breakfast area to current Hampton design standards
  • Technology upgrades such as flat-screen TVs and improved Wi-Fi
  • Exterior and signage improvements to meet brand requirements
  • Minimal change of ownership Pip expected if any
  • Parcel includes ±1.0 acre adjacent to hotel.
  • Given the limited-service nature of the hotel, the new owner will be able to maintain a low expense load, providing a higher cash return.
  • Just off the I-77 in Fairlawn, the hotel experiences demand from various areas including leisure, retail activity, healthcare and nearby universities.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113