Residence Inn Canton, Ohio

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 66-room Residence Inn 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
Location

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