Hampton Inn | Akron-Fairlawn
2025 Renovation | 63 Keys
Marketing description
Luke Whittaker and Mitchell Glasson are pleased to present the opportunity to acquire the Hampton Inn Akron–Fairlawn, a well-located 63-room hotel in the highly desirable Montrose/Fairlawn submarket of Akron. Positioned just off Interstate 77, the property benefits from excellent accessibility and strong visibility within one of the region’s primary retail and commercial corridors. The hotel is surrounded by numerous demand drivers including Summit Mall, University of Akron, and Cuyahoga Valley National Park, in addition to a concentration of corporate offices and regional headquarters that support consistent year-round lodging demand. The asset also offers convenient access to both downtown Akron and the greater Cleveland metropolitan area. Branded under the globally recognized Hampton by Hilton flag, the property presents investors with the opportunity to acquire a stable, institutional-quality asset in a well-established Midwest lodging market.
Investment highlights
- The hotel has no outstanding PIP as the owner completed a full renovation last year.
- New case goods, soft goods, bedding, and lighting in guestrooms
- Updated bathrooms (vanities, mirrors, fixtures)
- Refreshed lobby and breakfast area to current Hampton design standards
- Technology upgrades such as flat-screen TVs and improved Wi-Fi
- Exterior and signage improvements to meet brand requirements
- Minimal change of ownership Pip expected if any
- Parcel includes ±1.0 acre adjacent to hotel.
- Given the limited-service nature of the hotel, the new owner will be able to maintain a low expense load, providing a higher cash return.
- Just off the I-77 in Fairlawn, the hotel experiences demand from various areas including leisure, retail activity, healthcare and nearby universities.
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