Courtyard University of Dayton, OH

Listing Agents

Eric Skipworth
T | 312.248.4109
eskipworth@paramountlodging.com

Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com

Detailed Information
Location
Property Highlights
  • Fee simple interest in the institutionally owned and third-party managed 101-room Courtyard University of Dayton, OH
  • Available for individual purchase in the December 14th auction event via Ten-X
  • Offered unencumbered of debt and management at a fraction of replacement cost
  • Strong operation upside in transitioning away from institutional ownership and national third-party operator to a regional investor with stronger operating economies of scale
  • Ability to retain the Marriott flag for a new long-term license upon completion of the PIP
  • Opportunity to better position the asset amongst the competitive set upon completion of the PIP and a more regional-focused sales initiative
  • Adjacent to and visible from Interstate 75 with upwards of 130,000 vehicles passing the location daily
  • Ideally located next to the 13,400-seat Dayton Arena, the 11,000-seat Welcome Stadium, Woerner Field, and University of Dayton Softball Stadium
  • Located less than one mile from the University of Dayton and within 15 minutes of Wright State University and Sinclair Community College with a total student population of over 47,000
  • Proximate to all local leisure demand including the Dayton Convention Center, Dayton Art Institute, Schuster Performing Arts Center, Wright Brothers National Museum, Dayton Sports Complex, and Action Sports Center
  • Located near all local corporate demand, including GE, Proctor & Gamble, Taylor Communications, Synchrony Financial, and Care Source
  • Proximate to all regional military demand including Wright-Patterson Airforce Base, Springfield Ohio Air National Guard Base, and Dayton VA which has historically generated over $16.6B in economic activity
Location

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