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Red Roof PLUS+ Columbus–Ohio State University 441 Ackerman Rd 115 Room Hotel Columbus, OH 43202 $3,734,830 CAD ($32,477 CAD/Room) 5% Cap Rate

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Investment Highlights

High-Profile Hotel Ground Lease For Sale
Base Term Through 2049
5-Year Options Through 2079

$3M Renovation by Red Roof Underway
10% Rental Increases Every 5 Years
1% to Cooperating Broker

Executive Summary

This high-profile hotel ground lease offers a strong long-term investment with a base term running through 2049 and five-year extension options available through 2079. The Red Roof property is currently undergoing a $3 million renovation and includes 113 total rooms situated on 2.81 acres. The lease features 10% rental increases every five years and benefits from its close proximity to The Ohio State University.

441 Ackerman Rd- Sale Flyer

Property Facts

Price	$3,734,830 CAD	Building Size	34,848 SF
Price Per Room	$32,477 CAD	No. Rooms	115
Sale Type	Investment	No. Stories	3
Cap Rate	5%	Year Built/Renovated	1984/2014
Sale Conditions	Ground Lease (Leasehold) Ground Lease (Leased Fee)	Tenancy	Single
Property Type	Hospitality	Parking Ratio	3.47/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	2.83 AC
Zoning	CAC - Hospitality

Price	$3,734,830 CAD
Price Per Room	$32,477 CAD
Sale Type	Investment
Cap Rate	5%
Sale Conditions	Ground Lease (Leasehold) Ground Lease (Leased Fee)
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	2.83 AC
Building Size	34,848 SF
No. Rooms	115
No. Stories	3
Year Built/Renovated	1984/2014
Tenancy	Single
Parking Ratio	3.47/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CAC - Hospitality