Hotels for Sale

Quality Inn Marion, OH

Address:
Marion, Ohio
Description:
  • Fee simple interest in the 57-room Quality Inn Marion available 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 Quality Inn by Choice completed in late July 2018
  • Financing available with upwards of 80% 'Loan to Cost' (LTC) for qualified bidders
  • Minimal Quality Inn by Choice change of ownership PIP expected upon transfer of franchise and sale of asset
  • Situated adjacent to the intersection of US Route 23 and Ohio State Route 95 with direct visibility and direct accessibility to the upwards of 52,000 cars passing the location daily
  • Marion is a nationally recognized logistics hub with Marion’s Dual Rail Industrial Park home to both CSX and Norfolk Southern rail carriers with two thirds of US and Canadian markets within a day’s travel
  • Optimal location in the heart of the Marion and ideally situated within five miles of the area's largest employers including Whirlpool Corporation, Nucor Steel, General Mills, and Andersen Corporation
Listing Agents
Omari Head
T: 773.315.5704
Email
Brent Clemens
T: 312.239.0572
Email
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