Hawthorn Suites Extended Stay Hotel
60 keys * Interior Corridors * 3 Stories * Elevator * Indoor Pool
Marketing description
INVESTMENT HIGHLIGHTS
• Property features interior corridors, elevator, indoor pool, fitness center, sprinklers, and 400-square foot meeting room.
• Ideal, highly-visible highway location along interstate highway.
• 23 units have full kitchens with stovetop, dishwasher, and full-size fridge. All other units have kitchenettes.
• Multiple conversion opportunities available, including Spark by Hilton and Candlewood Suites. There are no Hilton properties within 10 miles.
MARKET HIGHLIGHTS
• Diversified demand streams: industrial workers, local employers, weddings, military, highway travelers, and Akron overflow leisure.
• Close to several corporate headquarters in diverse industries, including Summa Health (6,500+ local employees), Akron Children’s Hospital (5,500+ local employees), Goodyear Tires (2,700+ local employees), and Signet Jewelers (1,900+ local employees).
Investment highlights
List Price: $4,200,000
Price per Room: $70,000
Room Revenue: $1,206,346
Occupancy: 59.0%
ADR: $93.39
RevPAR: $55.08
Room Count: 60 units
Year Built: 2004
Building: 1
Stories: 3
Amenities: Elevator, Indoor pool, fitness center, meeting room (400 sf)
Parcel Size: 1.63 acres
Construction: Wood frame
HVAC: Individual PTAC units
Roof: Shingle (new in 2021)
Approved for Conversion to Spark by Hilton, Garner by IHG, Candlewood Suites, Best Western, etc.
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