Hotels for Sale

Wingate by Wyndham Zanesville, OH

Address:
Zanesville, Ohio
Description:
  • Fee simple interest in the 63-room former Fairfield Inn Zanesville offered at a fraction of replacement cost
  • Property offered for individual sale through Ten-X as part of a larger portfolio sale on October 24th
  • Significant operational upside following lengthy foreclosure process in 2017 with very limited capital investment in property improvements and very limited operational oversight in many years
  • Available unencumbered of debt and third-party management with rebranding to Wingate by Wyndham completed in late July 2018
  • Seller has pre-negotiated franchise terms with Wyndham including the buyer option for reduced royalty fees or key money payment
  • Financing available with upwards of 80% 'Loan to Cost' (LTC) for qualified bidders
  • Minimal Wingate by Wyndham change of ownership PIP expected upon transfer of franchise and sale of asset with 18-month deferment on full PIP requirements
  • Situated adjacent to Interstate 70 with direct visibility and easy accessibility to the upwards of 62,000 vehicles passing the location daily
  • Optimal location in the heart of downtown Zanesville and ideally situated within minutes of the area’s largest employers including Genesis Healthcare System, Zandex, Dollar General Distribution Center, and Time Warner
  • Proximate to all broader regional demand including the Pepsi Bottling Company, Ohio University-Zanesville (OUZ), Conn’s, The Wild, Fanatics’ largest distribution center, Muskingum University, and the Eastpointe Business Park

Listing Agents

Omari Head
T: 773.315.5704
Email

Bennett Webster
T: 312.339.3698
Email

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