1945 Southgate Pkwy Cambridge, OH 43725

This 95-room Quality Inn in Cambridge, Ohio, built in 1973, is situated on a 9.8-acre lot. The two-story hotel comprises five buildings with exterior corridors. A partial property improvement plan (PIP) has been completed. The property features paid-off solar panels. Located on Southgate Parkway, the site benefits from 22,125 vehicles passing daily, with access to Interstate-70 and its 41,598 vehicles daily. Demand is driven by 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 has demonstrated high occupancy, outperforming competitors with occupancy penetration indices of 92% and 122% in 2022 and 2023, respectively. The average daily rate (ADR) penetration indices of 82% and 79% in 2022 and 2023, respectively, indicate potential for revenue growth through 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 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. The property size is 36318 units.