Avison Young Announces Call for Offers Holiday Inn & Suites - Conference Center
CALL FOR OFFERS
Avison Young, as the sole exclusive agent, is pleased to offer the fee simple interest in the Holiday Inn & Suites Mansfield - Conference Center (hereinafter “Property,” or “Hotel”), a full-service hotel located in Mansfield, Ohio on Park Avenue West in the heart of downtown Mansfield. The Property, located in an Opportunity Zone, is connected via catwalk to the acclaimed Renaissance Theatre next door and is near a variety of local dining, shopping, and entertainment destinations. Minutes from the hotel is The Ohio State University at Mansfield, The Kingwood Center Gardens, Ohio State Reformatory, Richland Carrousel Park, Mansfield Art Center, and the Richland Mall. Local businesses include Gorman-Rupp, Mansfield Products Company, OhioHealth Mansfield Hospital, OSU Branch/ NCSC, North Central State College, College of Nursing and Health Sciences—Ashland University, G.M. Plant, Therm-O-Disc, and CenturyLink.
The Property is a six-story, interior corridor hotel (guestrooms are on five of the six floors); the Property opened in 1984. The Hotel has an onsite restaurant and lounge, lobby and reception area, approximately 6,700 square feet of meeting space, a business center, audio visual, indoor pool and whirlpool, fitness center, and hotel-wide high-speed Internet access. The Property currently offers 106 non-smoking guestrooms with both king and queen beds. The 5th and 6th floors are all suites with double rooms and could be used for an extended stay or possible conversion of the hotel to a dual-brand with Candlewood Suites or Holiday Inn & Suites. The 4th floor is non-operational, and the 25 guestrooms were removed from IHG royalty and STR calculations. These 25 rooms could be brought back on-line with renovations. The basement spa area is closed and could be re-opened or rented out. The roof is less than five years old, and the hotel received a new parking lot in 2016. Guestrooms include flat screen televisions, work desk, task chair, WiFi, and coffee maker. Provided in all guestrooms are Holiday Inn & Suites amenities.
- 131 Rooms including 25 Out-of-Service rooms
- Six-Story, Interior Corridor
- IHG Family of Brands
- Near Local Area Businesses Gorman-Rupp, G.M. Plant, The Ohio State University at Mansfield, and Mansfield Hospital, among others
- Located in Opportunity Zone
Price - $4,800,000
Price per Key - $45,283
Number of Rooms - 106
For more information on this listing, contact Mike George: [email protected] | 312-371-6550published: 07-24-2020