299 Adena Drive, Newcomerstown, OH 43832 For Sale

This 62-room, two-story exterior-corridor hotel is strategically located in Newcomerstown, Ohio, within Tuscarawas County. Positioned between Cleveland, Columbus, and Pittsburgh, and approximately one hour from Akron-Canton Airport, the property offers excellent accessibility via Interstate 77, a major transportation corridor serving both business and leisure travelers throughout the region.

The hotel is in very good condition, having benefited from extensive interior and exterior renovations in recent years. Constructed with durable concrete block construction, the property requires only minimal capital improvements. Guestrooms have been substantially updated, and the hotel features several enhanced amenities, including an inviting lobby, breakfast area, guest laundry facilities, and select rooms equipped with Jacuzzi tubs.

The property also presents a unique operational advantage with two currently vacant rooms utilized for office and maintenance purposes. These spaces could potentially be combined and converted into a spacious four- to five-room manager's apartment, creating additional value and operational flexibility for an owner-operator.

Offered at less than $20,000 per key, the hotel represents an attractive investment opportunity with significant upside potential in a market with limited lodging competition and stable year-round demand.

Newcomerstown serves as a regional hub for travelers visiting east-central Ohio and is known for its middle-America hospitality, rich history, and proximity to numerous recreational and cultural attractions. Visitors are drawn to the area's outdoor recreation, local events, historic landmarks, and convenient access to destinations throughout Tuscarawas County and the surrounding region.

The local economy is supported by a diverse mix of industries, including manufacturing, logistics, healthcare, education, agriculture, and energy-related businesses. These sectors generate consistent commercial lodging demand, while family travel, regional events, and leisure visitation provide additional occupancy drivers. With limited new hotel development in the area, the property is well-positioned to capitalize on both transient and business travel demand.

For investors seeking an affordable hospitality asset with strong physical condition, low replacement cost, and multiple avenues for revenue growth, the Super 8 Newcomerstown presents a compelling opportunity in a stable Midwest market

In cooperation with Thomas D'Amico (OH Lic #BRKP.0000177678).