Hotels for Sale

Clarion Fairborn, OH

Address:
Fairborn, Ohio
Description:

UNDER CONTRACT

  • Fee simple interest in the 63-room former Fairfield Inn Fairborn, OH offered at 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
  • Situated adjacent to the intersection of Interstate 675 and McClerron Memorial Skyway with direct visibility and direct accessibility to the upwards of 100,000 cars passing the location daily
  • Proximate to all local demand including Write State University, the National Museum of the US Air Force, Soin Medical Center, the Mall at Fairfield Commons, and Wright-Patterson Air Force Base
  • Optimal location in the heart of the Dayton MSA and easily accessible to the region’s largest attractions, including the Dayton Art Institute, the University of Dayton, Dayton International Airport, Premier Health Partners, and the National Center for Medical Readiness

Listing Agents

Omari Head
T: 773.315.5704
Email

Bennett Webster
T: 312.339.3698
Email

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