Courtyard by Marriott Cincinnati Covington, KY

Listing Agents

Brent Clemens
T | 312.402.2959
bclemens@paramountlodging.com

Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com

Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the lender involved, institutionally owned, and Marriott managed 194-room Courtyard by Marriott Cincinnati Covington, KY
  • Property offered for traditional sale and unencumbered of debt at a significant discount to replacement cost
  • Recently renovated, upscale, premium-branded select service asset with an average pre-COVID trailing 24-month RevPAR of $80+
  • Marriott-managed asset allowing for passive yield with core-branded upscale select service ‘Best in Class’ Courtyard flag
  • Readily accessible to the intersection of Interstate 75 and 3rd Street, which sees more than 140,000 vehicles daily
  • Proximate to all core local Greater Cincinnati/Covington demand including Fidelity Investments, St. Elizabeth Healthcare, Kings Island Amusement Park, US Bank Arena, the University of Cincinnati, Procter & Gamble, Cincinnati/Northern Kentucky International Airport, and Northern Kentucky University
  • Hotel has an ideal location approximately one mile from Paul Brown Stadium, home of the NFL’s Cincinnati Bengals, and Great American Ball Park, home of the MLB’s Cincinnati Reds, with the stadiums set to operate at full capacity starting early June
  • Urban asset in the Cincinnati MSA,  the 5th largest Midwest MSA and the 28th Largest US MSA
  • Readily accessible to the Northern Kentucky Convention Center and  Duke Energy Convention Center
  • Readily accessible to the new $100M redevelopment and restoration of a Riverside mixed-use commercial complex featuring an aquarium, brand-name stores, restaurants, movie theatre, and office space
  • Proximate to all broader Cincinnati area demand while located outside of the City limiting tax liability for a prospective owner
  • Greater Cincinnati / Northern Kentucky hosted more than 26.6M visitors annually with spending power of more than $5.4B pre-COVID