Ohio, United States
Sale conditions: Market
Ownership: | Fee Interest |
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Type: | Hotel |
Sub Type: | Limited Service |
Chain / Market Scale: | Midscale |
Brand: | Super 8 |
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Corridor: | Interior |
No. of Keys: | 126 |
Site Size: | 3.518 AC |
OVERVIEW
• 126-unit dual-branded property located along a prominent intersection in the desirable Copley neighborhood of Akron.
• Property underwent a $500,000 renovation in 2023, including new roof, new LVP floors, upgraded lobby, outdoor event space, and new Baymont case goods.
• Amenities include one elevator and 135-person banquet hall with outdoor event space, making the property an attractive destination for parties and family reunions
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INVESTMENT HIGHLIGHTS
• Strong, stable cash flow: property had room revenue of $1,558,169 in FY2023 and $1,634,397 in FY2024, with NOI over $550,000 in FY2024.
• Growth potential: an influx of corporate development and infrastructure projects offers opportunities to capitalize on local construction opportunities through a hands-on operator or staff sales manager.
MARKET HIGHLIGHTS
• Strong corporate base: Akron is home to Goodyear’s global HQ (over $19B in annual revenue), FirstEnergy, Gojo Industries, and multiple regional hospital systems—generating consistent business travel demand.
• Growing healthcare sector: The combined local healthcare workforce (Summa, Akron Children’s, Cleveland Clinic Akron General) exceeds 19,000 employees, making it one of the region’s largest and most stable industries.
• Revitalization momentum: Over $100 million in mixed-use and residential developments are underway downtown (e.g., Beacon Journal and CitiCenter buildings), boosting urban vibrancy and long-term retail demand.
Property Name: | Login to view |
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Property Type: | Hotel |
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Property Sub Type: | Limited Service |
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Chain / Market Scale: | Midscale |
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Brand: | Super 8 |
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Corridor: | Interior |
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Keys: | 126 |
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Building Status: | Existing |
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No. of buildings: | 2 |
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Stories: | 2 |
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Site size: | 3.518 AC |
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Parking Type: | Surface |
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Parking Spaces: | 126 |
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Construction Type: | Reinforced Concrete |
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Year Build: | 1989 |
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Year Renovated: | 2023 |
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Address: 130 Montrose West Avenue, Copley, OH 44321
Room Count: 126 units total (Super 8: 64 units, Baymont: 62 units)
Year Built: 1989
Buildings: 2 buildings
Stories: 2 stories
Amenities: Banquet hall, fitness center
Parcel Size: 3.518 acres
Construction: Concrete
HVAC: Individual PTAC units
Elevators: 1
Roof: Shingle (1 year old)
Other
Exercise Room
Other
Transient
Corporate
Leisure
Commercial
Country: | United States |
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City: | Login to view |
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State: | Ohio |
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Postal Code: | Login to view |
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APN/Parcel ID: | Login to view |
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Location Type: | Login to view |
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President, Principal Broker
Laurel Real Estate Company
Vice President, Hotel Sales
Laurel Real Estate Company
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