1945 Southgate Pkwy Cambridge, OH 43725-3039

This 95-key Quality Inn in Cambridge, Ohio, presents a compelling investment opportunity. Built in 1973, this two-story, exterior-corridor hotel is situated on a 9.8-acre lot with frontage on Southgate Parkway (22,125 vehicles per day) and Interstate-70 (41,598 vehicles per day). The property boasts consistently high occupancy rates, achieving penetration indices of 92% and 122% in 2022 and 2023, respectively. While occupancy is strong, the Average Daily Rate (ADR) presents an opportunity for increased revenue. Indices of 82% and 79% in 2022 and 2023, respectively, indicate potential for growth through strategic rate management. The hotel benefits from diverse demand generators, including tourism, medical, higher education, and commercial activity. A partial property improvement plan (PIP) has already been completed, including the payoff of solar panels, reducing utility costs. The property includes banquet/meeting space, offering an additional revenue stream. Offered at $2,500,000 ($26,000 per key), this fee-simple interest property is unencumbered by debt or third-party management. A hands-on operator can leverage the existing strong occupancy and implement strategies to significantly increase ADR and overall profitability.