Extended Stay America Akron Copley East, OH

Listing Agents

Mike Schlictman
T | 803.920.4173

Andrew Makhlouf

Detailed Information
Property Highlights
  • Fee-simple interest in the institutionally owned and third-party managed 95-room Extended Stay America (ESA) Akron Copley East
  • Available for individual sale as part of a larger eight property portfolio in the October 4th Ten-X Auction Event
  • Ability to purchase any combination of eight assets, affording buyers the opportunity to capitalize on strong regional operating economies of scale
  • Strong in-place performance with trailing-24-month year-over-year average ADR gains of +24%
  • Offered unencumbered of debt and management with ability to retain the Extended Stay America brand for a new long-term license
  • Product type with fully equipped kitchens is ideal for potential residential conversion or alternative use pending zoning and municipality approval
  • Proximate to all regional corporate demand including Goodyear Tire and Rubber Company, Gojo Industries, and FirstEnergy
  • Several prominent higher education institutions are proximate to the Subject Hotel including the University of Akron, Bryant & Stratton College, Herzing University, and Kent State University
  • Readily accessible to all broader area healthcare demand including Summa Akron City Hospital and Akron Children’s Hospital. Property is readily accessible via Interstate 77 & Ohio State Route 18 interchange with more than 120,000 vehicles passing the location daily
  • Extended stay economy product is widely revered as recession proof and remains a favorite investment sector amidst private and public investors
  • Extended stay market grossly outperformed all other lodging sectors amidst the COVID recovery and is ideally well positioned for forward looking growth
  • High margin business model is ideally well positioned for any forward economic contraction given limited labor requirements with no sales department or food and beverage offering

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