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Super 8 by Wyndham Millbury/Toledo 3491 Latcha Rd 108 Room Hotel Millbury, OH 43447 For Sale
INVESTMENT HIGHLIGHTS
- On a main highway
- Stabilized asset with minor room for improvement
EXECUTIVE SUMMARY
We are pleased to offer the fee simple interest in the Super 8 Toledo (Millbury) Ohio (hereinafter "Property," or "Hotel"), a select service hotel located in Millbury, Ohio. The Property is situated on Latcha Road right off the Ohio Turnpike as well as Interstate 280. It is easily visible via Interstate 280. It is 12 miles away from Downtown Toledo and 22 miles from the Toledo Express Airport. The Hotel is near local tourist attractions such as the Toledo Zoo, Huntington Center, Raceway Park, and Cedar Point. Dining, shopping, and entertainment options can be found in nearby Toledo. The Hotel offers easy access to the University of Toledo, Bowling Green State University, and other colleges and universities. Local businesses near the Hotel include BP Toledo Refinery, Davis-Besse Nuclear Power Station, the Toledo Refining Company, and others.
The Property is a two-story, exterior corridor hotel which opened in 1981. The Hotel has a lobby, reception and breakfast area, guest laundry facilities, hotel-wide Wi-Fi, microwave, mini-refrigerator, and coffee maker. Provided in all guestrooms are Super 8 standard amenities.
Property Highlights
Toledo MSA
Hotel with Land Development Opportunity - 18+ Acre Parcel
Separate Commercial Structure Fully Leased
Highly Traveled Turnpike Entrance
The Property is a two-story, exterior corridor hotel which opened in 1981. The Hotel has a lobby, reception and breakfast area, guest laundry facilities, hotel-wide Wi-Fi, microwave, mini-refrigerator, and coffee maker. Provided in all guestrooms are Super 8 standard amenities.
Property Highlights
Toledo MSA
Hotel with Land Development Opportunity - 18+ Acre Parcel
Separate Commercial Structure Fully Leased
Highly Traveled Turnpike Entrance
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 108 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1960/2012 |
| Building Class | C | Tenancy | Single |
| Lot Size | 22.00 AC | Parking Ratio | 2/1,000 SF |
| Building Size | 57,924 SF | Corridor | Exterior |
| Zoning | Commercial - Multiple zoning types. | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 22.00 AC |
| Building Size | 57,924 SF |
| No. Rooms | 108 |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2012 |
| Tenancy | Single |
| Parking Ratio | 2/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial - Multiple zoning types. |
AMENITIES
- Business Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 108 | $131.53 CAD | 400 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $234,341 CAD | |
| Land Assessment | $388,890 CAD | Total Assessment | $623,231 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$388,890 CAD
Improvements Assessment
$234,341 CAD
Total Assessment
$623,231 CAD
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Super 8 by Wyndham Millbury/Toledo | 3491 Latcha Rd
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