Listed by Bracket Real Estate, Inc, Bracket Real Estate
$2,000,000
74 Keys-Days Inn by Wyndham Niles
Details
APN 20-025389
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 34,315
Units 74
Year Built 1961
Year Renovated 2008, 2023
Stories 2
Acreage 2.520
Zoning MOTEL/TOURIST CABINS
Parking Spaces 58 spaces
Parking per 1,000 SqFt 1.69
Sale Condition N/A
74-Key Days Inn by Wyndham | $700K Room Revenue | Turnkey Fee-Simple Sale
Marketing description
Discover an exceptional hospitality opportunity at 1300 Youngstown Warren Road, strategically located in Niles, Ohio’s vibrant retail and commercial corridor. This 74-room, two-story Days Inn by Wyndham offers strong brand recognition and consistent revenue performance, making it ideal for an owner-operator or investor seeking value-add potential. This property combines high visibility, stable cash flow, and strategic positioning in the Youngstown-Warren market. Whether you’re expanding your portfolio or entering the hospitality sector, this asset offers a compelling blend of operational efficiency and growth potential.
Get Due Diligence: Days Inn by Wyndham Niles | bracketRE
Investment highlights
- #1 ADR in Competitive Set This property commands a 36% ADR premium over its comp set — $75.70 vs. a $55.67 market average — ranked #1 of 5 competitors every month for over a year. Pricing power that transfers to new ownership on day one.
- $1,200 per room rebate (~$88,800) on casegoods and the franchising team has indicated strong support for a smooth transfer to a qualified buyer."
- Significant Occupancy Upside Current occupancy of 33% is artificially suppressed by a staffing constraint, not weak demand. The comp set runs 51.6%. Closing that gap to 45–50% generates an estimated $200,000–$300,000 in additional annual revenue with no capital required.
- $200K+ Normalized NOI The as-reported P&L includes a rent expense representing a payment from the operating entity to the property owner. In a fee-simple acquisition that payment disappears entirely — buyer owns both. Normalized NOI exceeds $200,000 on trailing figures.
- Fee-Simple Sale — Real Estate + Business No ground lease. No landlord. Buyer acquires the real estate and operating business together in a single transaction.
- Active Wyndham Flag Days Inn by Wyndham franchise with access to the global Wyndham Rewards loyalty program — directly contributing to the property's #1 ADR position in the market.
- Proven Performance Ceiling The property generated $833,174 in room revenue and $100,474 in NOI as recently as FY2023 — a clear and demonstrable ceiling for a stabilized operation under new ownership.
- Recent Capital Investment Flooring, carpet, and TV upgrades completed in 2023 — reducing expected transfer PIP scope and evidencing ongoing ownership commitment to the asset.
- Below Replacement Cost At $31,081 per key, the acquisition price is well below new construction cost for a comparable limited-service flagged asset in this market.
Listing Contacts
Listed by Bracket Real Estate, Inc, Bracket Real Estate
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