Courtyard Columbus West Hilliard, OH

Listing Agents

Sean Banilivy
T | 516.456.7525
sbanilivy@paramountlodging.com

Bennett Webster
T | 312.339.3698
bwebster@paramountlodging.com

Detailed Information
Property Highlights

UNDER CONTRACT

  • Fee simple interest in the 150-room Courtyard Columbus West/Hilliard, OH offered for purchase through a receiver sale
  • Property offered for individual sale in the August 11th Ten-X auction event
  • Available unencumbered of debt and management and at a significant discount to replacement cost
  • Strong operational upside in purchasing out of receivership, completing the PIP, and retaining the Courtyard brand for the remaining term, or pursue alternative branding options with pre-negotiated liquidated damages
  • Proximate and readily accessible via Interstate-270 (the Columbus area’s ‘Outerbelt’) with upwards of 110,000 vehicles passing the location daily
  • Subject Hotel underwent a comprehensive renovation plan that totaled approximately $2,880,000 ($19,000 per key) in renovations between 2017 – 2019
  • Recent renovations include upgrades to HVAC, FF&E, guestrooms and public corridors
  • Readily accessible to all core Columbus West/Hilliard and neighboring community demand including CSX Intermodal, Hollywood Casino Columbus, City of Dublin, The Mall at Tuttle Crossing, and the Raymond Memorial Golf Course,
  • Proximate to downtown Columbus and all core regional demand including the Ohio State University, Ohio Stadium, Nationwide Arena, the Ohio Statehouse Capitol building, and John Glenn Columbus International Airport
  • Optimal time to be investing in greater Columbus, Ohio’s largest city, the 14th largest city in the county, and one of the fastest growing large cities in the country with a robust regional economy that has historically averaged unemployment rates of less than 3%, trending well below national averages
Location