Ohio Upscale Hotel Portfolio

The Ohio Upscale Hotel Portfolio represents a great opportunity to acquire three regionally located upscale assets which were all built within the last 10 years.​ All three properties are within 43 miles of each other.​ The portfolio totals 359 rooms, and all three properties are producing positive returns.​ The portfolio is running around 65% Occupancy, $127 ADR, with a RevPAR of $84 for the most recent Trailing 12 Month period.​ This portfolio is priced well below replacement cost with assumable, non-recourse debt available to a qualified investor.​

The Dayton economy, where the Holiday Inn Express & Suites Dayton South and the SpringHill Suites Dayton Beavercreek are located, is primarily driven by a mix of manufacturing, healthcare, and education.​ Historically known as a manufacturing hub, the city has evolved to include a strong presence of advanced manufacturing, aerospace, and logistics industries, supported by major employers like Wright-Patterson Air Force Base.​ The healthcare sector, with institutions such as the Dayton Children's Hospital and Kettering Health Network, also plays a crucial role in job creation and economic stability.​ Additionally, the presence of several higher education institutions, including the University of Dayton contributes to the region's economic resilience and growth.​

The full-service Holiday Inn Cincinnati North West Chester is located in the northern Cincinnati market just outside the Interstate 275 loop around Cincinnati.​ Cincinnati, OH, has a strong economy driven by a diverse mix of industries, including finance, healthcare, and consumer goods.​ The city is home to several Fortune 500 companies, particularly in sectors like banking and manufacturing, with prominent firms such as Procter & Gamble and Fifth Third Bank leading the way.​ Additionally, the city’s strategic location along major transportation routes and its thriving arts and culture scene enhance its appeal for businesses.​

The hospitality market in Cincinnati, Ohio, is driven by a combination of tourism, business travel, and a vibrant local culture.​ Key attractions such as the Cincinnati Zoo, the Cincinnati Art Museum, and the revitalized Over-the-Rhine neighborhood draw visitors year-round.​ The presence of major sports teams, including the Cincinnati Reds and Cincinnati Bengals, enhances the appeal for both leisure and business travelers.​ Additionally, Cincinnati hosts numerous conferences and events, bolstered by venues like the Duke Energy Convention Center, which attracts business.​

Avison Young Hospitality Group is pleased to present the CMBS Assumable Debt Model for the Ohio Upscale Hotel Portfolio.

The existing CMBS loan to be assumed was originated on February 1, 2019. The original balance of the loan was $35,500,000 with a current assumable balance of $33,177,298. It is a fixed, 5.6% interest rate, non-recourse loan. The terms of this assumable CMBS loan are well below what a new loan would be today and offers the investor an attractive rate of return due to the low fixed cost of the assumable debt and offers the investors the opportunity to refinance the loan in the spring of 2029. The yield interest savings for this portfolio purchase are quite completing given the portfolio’s financial performance.