Rodeway Inn Near Hall of Fame Canton
83 Keys | Recent Capital Improvements | High-Visibility
Marketing description
Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings! Prospective buyers can view financial history including revenue, NOI, ADR, and Occupancy by clicking "Download OM" and signing a confidentiality agreement. This property is currently listed as unpriced. Ownership will review and respond to all offers and ultimately select the offer with the best price and terms.
Colliers, as an exclusive representative of the seller, is pleased to present to qualified investors the Rodeway Inn Near Hall of Fame Canton, located at 6880 Sunset Strip Ave NW Canton, OH 44720. The subject property is an 83-room, one-story, exterior-corridor, limited-service asset. Built in 1985, it sits on 2.75 acres with direct exposure to I-77 (92,000 Vehicles Per Day). The asset is offered with fee simple interest, unencumbered by debt, and unencumbered by third-party management.
The Canton, Ohio lodging market is anchored by a diverse blend of regional tourism, strong employment bases, and consistent business travel demand, creating a compelling foundation for hospitality performance. Canton is the county seat of Stark County with an estimated city population of ~69,000 and a broader Canton-Massillon metro area of ~400,000 residents, providing a sizeable local demand base. The regional economy is supported by a mix of major employers including Aultman Hospital (4,400+ employees), Cleveland Clinic Mercy (2,400+), Stark County government and Canton City Schools (2,100+ each), Walmart (~1,700+), Timken Steel (~1,600+), and other manufacturing and services firms, together representing tens of thousands of jobs within the market. Canton also benefits from significant visitor demand driven by nationally recognized attractions, most notably the Pro Football Hall of Fame and its Hall of Fame Village, which draws hundreds of thousands of visitors annually and generates meaningful economic impact through events such as the annual enshrinement weekend that attracts nearly 700,000 visitors and ~$40+ million in local economic impact. Additional destination demand stems from cultural, historical, and leisure assets including the William McKinley Presidential Library and Museum, the National First Ladies Museum, and regional arts and event programming, as well as unique amenities like Gervasi Vineyard, a 55-acre resort winery that has welcomed millions of guests and attracts overnight stays and group travel throughout the year. The market’s accessibility is enhanced by its proximity to Interstate 77 and US-30 and the Akron-Canton Regional Airport, supporting both business and leisure travel. Collectively, these demand drivers, corporate travel, healthcare and education employees, event and group demand, and destination tourism, provide a diverse and resilient lodging market with year-round occupancy support and upside potential for new ownership at the subject property.
The hotel’s STR-defined competitive set includes Super 8 Akron, Microtel Inn & Suites North Canton, Best Western Plus North Canton, Wingate Canton, Red Roof Inn Canton, and M Star Hotel North Canton. From 2022 through 2025, the subject property has demonstrated measurable improvement in occupancy and ADR penetration, with occupancy penetration increasing from approximately 77.7% in 2022 to 87.6% in 2025 and ADR penetration reaching over 80% in recent periods. While occupancy remains below comp set averages, the improving penetration trend highlights clear opportunity for a new owner to drive further gains through enhanced revenue management, targeted corporate and workforce lodging accounts, and more aggressive capture of Hall of Fame Village event demand. Incremental occupancy growth toward competitive set averages would materially increase RevPAR and top-line revenue while maintaining disciplined rate positioning.
In summary, the Rodeway Inn Near Hall of Fame Canton represents a high-visibility interstate asset within a diversified and event-driven Ohio lodging market. With meaningful recent capital improvements, long-term franchise term in place, improving STR penetration trends, and clear opportunity to increase occupancy through proactive management, the property offers investors stable in-place cash flow and a defined path to enhanced revenue and NOI growth under new ownership.
Investment highlights
Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings
Fee Simple Interest in an 83-Room, One-Story, Exterior-Corridor, Limited-Service Hotel Built in 1985, Offered Unencumbered by Debt and Third-Party Management
Strategically Located Along I-77 (92,000 Vehicles Per Day) With Strong Regional Access, Capturing Transient, Corporate, and Event-Driven Demand From the Canton–Massillon MSA (~400,000 Population), Supported by a Diverse Employment Base and Significant Leisure Visitation Anchored by the Pro Football Hall of Fame, Hall of Fame Village, and Akron-Canton Regional Airport
20-Year Franchise Term (Executed 2020) With Approximately $453,000 in Completed Capital Improvements, Including Guestroom Renovations and Major Mechanical and Infrastructure Upgrades, Resulting in Limited Near-Term CapEx Requirements
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