Listing Agents
Omari Head
T | 410.406.7259
ohead@paramountlodging.com
Eric Skipworth
T | 312.248.4109
eskipworth@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee Simple Interest in the institutionally owned and third party managed 60-room Fairfield Inn & Suites Canton, Ohio
- Property will be auctioned in the May 3rd auction event with Ten-X
- Asset is available for individual purchase as part of a six-property portfolio
- In-place RevPAR now fully recovered to 2019 pre-COVID performance
- Ability for qualifying franchisees to retain the Marriott Residence Inn flag a new long-term license upon completion of the PIP
- Strong residual upside in transitioning from national institutional ownership to regional Midwest portfolio owner/operator with stronger operating economies of scale
- Adjacent to and readily accessible via Interstate 77, with updates of 90,000 vehicles passing the location daily
- Proximate to all core submarket demand, including Aultman Hospital, Mercy Medical Center, Timken Company, Deibold, and Heinz North America
- Proximate to all broader Canton area demand, including the Football Hall of Fame, Malone University, and downtown Cleveland. Optimal time to invest in Ohio amidst expansive economic growth due to Ohio’s business friendly legislation. Ohio is the seventh largest economy in the US and ranked #2 in CNBC’s ‘Cost of Doing Business’ rankings