1945 Southgate Pkwy Cambridge, OH 43725

This 95-room Quality Inn in Cambridge, Ohio, presents a compelling investment opportunity. Built in 1973, this two-story, exterior corridor hotel comprises five buildings situated on a 9.8-acre lot. The property boasts a partial completed property improvement plan (PIP) and features paid-off solar panels, significantly reducing utility costs. The hotel enjoys a prime location on Southgate Parkway, with 22,125 vehicles passing daily, and convenient access to Interstate-70 (41,598 vehicles daily). Demand is driven by a mix of tourism, medical, higher education, transient, and commercial activity, including proximity to Salt Fork State Park, Seneca Lake Park, The Wilds Conservation Center, and major employers like Colgate-Palmolive and Southeastern Equipment Company. The hotel consistently outperforms competitors in occupancy, achieving occupancy penetration indices of 92% and 122% in 2022 and 2023, respectively. However, the average daily rate (ADR) penetration indices of 82% and 79% in 2022 and 2023, respectively, indicate significant upside potential for an owner-operator implementing effective rate management strategies. A completed PIP would further enhance ADR and profitability. The property is offered fee simple, free of debt and third-party management. The asking price is $2,200,000. This represents a strong value proposition for investors seeking a dynamic market with clear potential for revenue growth. The property's location, 80 miles from John Glenn Columbus International Airport and with easy access to I-70 and I-77, adds to its appeal.