LA QUINTA INN CINCINNATI NORTH, OH

April 22, 2019 5:20 pm
Address:
Cincinnati, Ohio
Description:

UNDER CONTRACT

  • Fee simple interest in the corporately owned and managed 98-room La Quinta Cincinnati OH (North) offered at a fraction of replacement cost
  • Available unencumbered of debt and management with the ability to retain the La Quinta brand with a new long-term license agreement with Wyndham
  • Significant operating improvement prospects following completion of the pre-negotiated La Quinta PIP and more hands-on ownership
  • Situated at the intersection of Interstate-275 and Ohio State Road 4 which sees upwards of 170,000 vehicles passing the location daily
  • Proximate to all local North Cincinnati area demand including Kings Island Amusement Park, Tri-County Mall, Kellogg’s, Mercy Health-Fairfield Hospital, and IKEA
  • Readily accessible to downtown Cincinnati and all core regional demand including US Bank Arena, Great American Ballpark, Paul Brown Stadium, the University of Cincinnati, Proctor & Gamble Headquarters, and Cincinnati / Northern Kentucky International Airport
  • Optimal time to be investing in the greater Cincinnati MSA on the heels of expansive job growth over 2017 figures with the current unemployment rate of 3.6% trending well below US national averages

Listing Agents

Omari Head
T: 773.315.5704
Email

Mike Schlictman
T | 803.920.4173
Email

Bennet Webster
T: 312.239.0560
Email

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