1723 East Perry Street, Port Clinton, OH 43452 For Sale

Colliers, as exclusive representative of the seller, is pleased to present to qualified investors the Quality Inn Port Clinton, located at 1723 E Perry St, Port Clinton, Ohio 4345. The subject property is a 54-room, two-story, interior-corridor, limited-service hotel constructed in 1987 and situated on approximately 1.03 acres with direct visibility and access to State Route 163 (approximately 13,000 vehicles per day). The asset is offered fee simple, unencumbered by debt, and free of third-party management.

The hotel benefits from exceptional positioning within Ottawa County, a premier vacation destination and the "Gateway to the Lake Erie Islands" in northern Ohio. Strategically located along State Route 163, the property enjoys seamless regional connectivity to State Route 2 and Interstate 80/90 (Ohio Turnpike), capturing a robust mix of seasonal leisure, commercial, and drive-to transit travel. Port Clinton features a year-round resident base of approximately 6,000 that swells to over 20,000 residents during the peak summer months, anchoring a regional tourism ecosystem that welcomes more than 13.3 million annual visitors and generates $3.14 billion in total tourism sales across the Shores & Islands Ohio region. A primary lodging driver is the immediate proximity to the Lake Erie Islands, with the Jet Express passenger ferry terminal located less than one mile away, providing direct access to Put-in-Bay and South Bass Island. Known globally as the "Walleye Capital of the World," Port Clinton's charter fishing industry and waterfront recreation draw continuous out-of-town visitors, further supported by the annual spring bird migration which brings over 90,000 birders to nearby Magee Marsh Wildlife Area (17 miles west), injecting $40 million into the local economy. In addition to robust weekend leisure demand, consistent midweek business is supported by major regional employers and institutional drivers. The hotel is situated just 11 miles from the Camp Perry Joint Training Center, a major military outpost generating steady government contract and event-based demand. Commercial and leisure travel is further bolstered by the property's proximity to the Marblehead Lighthouse State Park (11 miles east) and Cedar Point Amusement Park (20 miles east), the latter drawing over 3.5 million visitors annually. Collectively, these highly diverse demand generators allow the property to capture a meaningful share of Ottawa County's $472 million annual tourism economy, ensuring a balanced, high-yield mix of seasonal peak revenue and reliable year-round regional demand.

A highly attractive component of this offering is the heavily mitigated capital expenditure requirement for the incoming investor. Following a Property Improvement Plan ("PIP") issued by Choice Hotels, current ownership has already invested approximately $300,000 to elevate the physical plant and meet brand standards. Comprehensive capital improvements completed since 2022 include new PTAC units across all guestrooms and public spaces, updated guestroom amenities (new TVs, microwaves, and refrigerators), new toilets, and the enclosure of open bathroom walls for enhanced guest privacy. Further upgrades feature advanced security camera systems, a paperless front desk computer system, new door locks, and extensive exterior enhancements including fresh landscaping and parking lot lighting. This drastically reduces the out-of-pocket capital required for a new owner, allowing them to focus directly on operations and revenue management without the heavy burden of typical brand-mandated CapEx.

In summary, the Quality Inn Port Clinton represents a compelling, value-add opportunity to acquire a cash-flowing asset in a dominant Ohio tourism corridor. With extensive property improvements already completed and conveying with the sale, a new owner-operator can seamlessly transition operations and immediately capitalize on the immense, year-round demand generated by the Lake Erie Islands and surrounding regional anchors. The combination of minimized CapEx requirements, immediate operational upside against the competitive set, and a proven trajectory of revenue growth provides a premier foundation for rapid stabilization and durable long-term value creation.