Hospitality Group

Quality Inn & Conference Center

Price reduction for quick sale

383 E Leffel Lane | Springfield, OH 15505-4746 | View Map

  • Opened: 1972
  • Rooms: 150
  • Structure: Two Story, Interior Corridor
  • Land: Fee Simple 7.03 Acres
  • Price: Contact broker for pricing
  • Status:  Available 
  • Offered at $2.99m with quick close. Only 1.8 X GR or $19,933/key to purchase.
  • PIP for Clarion conversion estimated to be $700k or $4,666 per key
  • All-in cost after Clarion POIP approximately $24,599 per room.
  • PIP for QI not determined yet -  application will need to be submitted.
  • Trailing 12 Net Operating Income:  $126,773
  • Many potential changes to management could yield Year-one NOI of $300k


Property Highlights

  • 150 guestrooms
  • Two-story interior corridor building
  • Large meeting/conference space, game room, and indoor pool
  • Near local area businesses such as the Aldi Distribution Center, Community Mercy Health Partners, Dole, Eby Brown, Gordon Foods Distribution Center, Navistar International, Rittal, Speedway SuperAmerica LLC, and Teikuro Corporation


Upside Potential

  • Tremendous upside to this hotel, turn around opportunity
  • Absentee owner, great turn-around opportunity for an owner/operator or management company to do much better
  • The only full service hotel in the area. The Food and Beverage  support the rooms division and could be expanded or leased
  • Low Occupancy, ADR, and Revpar could be improved dramatically by approaching the comp set through property improvements and better management