Hospitality Group

Avison Young Lists Super 8 Toledo - Millbury, OH

Holiday Inn ToledoAvison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the Super 8 Toledo (Millbury) Ohio (hereinafter "Property," or "Hotel"), a select service hotel located in Millbury, Ohio. The Property is situated on Latcha Road right off the Ohio Turnpike as well as Interstate 280. It is easily visible via Interstate 280. It is 12 miles away from Downtown Toledo and 22 miles from the Toledo Express Airport. The Hotel is near local tourist attractions such as the Toledo Zoo, Huntington Center, Raceway Park, and Cedar Point. Dining, shopping, and entertainment options can be found in nearby Toledo. The Hotel offers easy access to the University of Toledo, Bowling Green State University, and other colleges and universities. Local businesses near the Hotel include BP Toledo Refinery, Davis-Besse Nuclear Power Station, the Toledo Refining Company, and others. 

The Property is a two-story, exterior corridor hotel which opened in 1981. The Hotel has a lobby, reception and breakfast area, guest laundry facilities, hotel-wide Wi-Fi, microwave, mini-refrigerator, and coffee maker. Provided in all guestrooms are Super 8 standard amenities. 

Property Highlights

  • Toledo MSA
  • Hotel with Land Development Opportunity - 18+ Acre Parcel
  • Separate Commercial Structure Fully Leased
  • Highly Traveled Turnpike Entrance

Financial Highlights

Price - $2,995,000

Price per Key - $27,731

Number of Rooms - 108 

Available for 3.26X Gross Revenue 

For more information about this listing, contact Mike George at mike.george@avisonyoung.com or 312.371.6550 

published: 11-08-2018

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