Sleep Inn & Suites • Strong Cash Flow • Seller Financing Available • Close to Cedar Point and Lake Erie

Ohio, United States

$4950000

Sale conditions: Market

Snapshot

Active

Ownership: Fee Interest
Type: Hotel
Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Sleep Inn
Corridor: Interior
No. of Keys: 71
Site Size: 1.9470 AC

INVESTMENT HIGHLIGHTS
• 71 unit interior corridor property offered fee simple and unencumbered by management. Property is a small, manageable size for a first-time buyer or owner-operator.
• Sellers open to financing for investors who do not qualify for SBA funding.
• 20-year franchise available with completion of minimal PIP (seller estimate: $230k).
• Significant upside potential: December 2025 STAR Report shows that the property ranks 4 of 6 for occupancy, 6 of 6 for ADR, and 5 of 6 for RevPAR. Room revenue, adjusted per competitive set, reflects unrealized gains of over $450,000.
• Strong cash flow: property boasts a 34% NOI margin, making it an attractive target for SBA lenders. Completion of brand PIP provides opportunity to boost ADR and maximize cash flow.
• Asking Price: $4,950,000.

MARKET HIGHLIGHTS
• High Seasonal ADR Compression: Port Clinton experiences strong seasonality, with peak demand from May through
September. Leisure segments—including fishing groups, island travelers, and Cedar Point visitors—drive weekend occupancy
near capacity. This allows operators to push ADR meaningfully during peak periods, with less rate sensitivity than in off-
season months.
• Limited Branded Hotel Supply: The Port Clinton submarket has a relatively limited supply of nationally flagged hotels
compared to nearby Sandusky. This constraint reduces direct competition in the economy and midscale segments and
supports more stable occupancy for well-positioned branded assets.
• Access to Multiple Demand Generators: The property benefits from proximity to several demand nodes, including Sandusky,
Catawba Island, and the Lake Erie Islands. This positioning supports a diversified mix of leisure and overflow demand,
reducing reliance on a single source of demand.

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Sleep Inn
Corridor: Interior
Keys: 71
Building Status: Existing
No. of buildings: 1
Stories: 3
Site size: 1.9470 AC
Parking Type: Surface
Construction Type: Wood Frame
Year Build: 1998
Year Renovated: 2020
Room Inventory Description:

Address: 947 OH-53, Port Clinton, OH 43452
Room Count: 71
Year Built: 1999
Buildings: 1
Stories: 3
Amenities: Indoor pool
Parcel Size: 1.9470 acres
Construction: Wood frame
Roof: Pitched, Shingled
HVAC: Individual PTAC units
Elevators: 1

Common area amenities:

Breakfast Area

Indoor Pool

Source of Business:

Leisure

Commercial

Additional Links:

Location


Country: United States
State: Ohio
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

3rd Party Website



Brokers

Errol Anthony D'Souza, CHB

President, Principal Broker
Laurel Real Estate Company

FL #BK3479090
OH #BRK.2002016764

740 965 1966
edsouza@laurelsales.com


Lauren D'Souza-Faze

Vice President
Laurel Real Estate Company

FL #BK3636431
OH #SAL.2022006112

380 799 6608
lauren.dsouza@laurelsales.com


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