10 Rockridge Rd - Hospitality FOR SALE


Englewood, OH 45322
$4,495,000 USD
818-851-3300
10 Rockridge Rd, Englewood, OH for Sale
$4,495,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

10 Rockridge Rd
Englewood, OH 45322


HIGHLIGHTS

  • 148 Unit, 4 Story, Interior Corridor Hotel
  • 99% of the Owner's PIP Completed January 2024
  • 2024 Revenue Total $1,235,750
  • Operating at 48.6% Below RevPAR Index - Great Upside Potential
  • Excellent Location just 16 Minutes from Downtown Dayton, OH
  • Absentee Ownership - Perfect Opportunity for On-Site Owner Asking $30,000 per Key, Options Available for Potential Conversion

OVERVIEW

The Quality Inn At Dayton Airport in Englewood, OH is a 148-room, four-story, interior-corridor hotel conveniently located just seven minutes from Dayton International Airport and sixteen minutes from downtown Dayton, OH, with easy access to Interstate 70 and 75. The property is well maintained and recently had ninety-nine of its owner's property improvement plan (PIP) completed. It continues to perform strongly, with 2024 revenue in excess of $1.11Million. Amenities include a laundry facility, dining room and bar (full liquor license) with pool table, meeting room and business center, successful Banquet Hall, breakfast area, vending machines, picnic area, bus parking, and heated indoor pool. Currently, 122 rooms are operational with 26 rooms needing minimal work to be rentable, creating upside potential for a new buyer. The hotel is currently absentee-owned, presenting a strong upside for an on-site owner/operator to drive additional revenue through active management. Dayton with a population over one hundred and thirty-six thousand, benefits from a diversified economy anchored by aerospace defense and research with Wright -Patterson Air Force Base, air force research laboratory (AFRL), University Of Dayton Research Institute, advance manufacturing healthcare and bioscience with Kettering Health Care and Premier Health having multiple hospitals and medical centers, tourism and outdoor recreation including the National Museum of US Air Force, The Dayton Art Institute, Boonshoft Museum of Discovery, and the Carillon Historical Park, Day Air and Dayton Dragon Ball Park and Dayton Convention Center to name a few. Most notably, GE Aerospace is investing $100 Million in its SW Ohio facilities along with the Ohio Future Fund providing $78.75 million for upgrades to Dayton Airport Defense and Aerospace Campus, all major developments for the region. For hotel investors, Dayton offers stable year-round demand supported by military, corporate, healthcare, and leisure segments. The city benefits from affordable operating costs, a diversified economy, and limited new hotel supply compared to larger metros. With convention center upgrades, expanding trail systems, and large-scale projects such as Joby Aviation’s new eVTOL manufacturing facility, lodging demand is expected to strengthen further. Dayton provides a compelling opportunity for investors seeking resilient performance, balanced demand drivers, and attractive acquisition pricing in a growing Midwestern market.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$51 USD /SF

# OF ROOMS

148

PRICE/ROOM

$30,372 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Dayton Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1974

PARKING SPACES

150

LAND DETAILS

LAND ACRES

4.7 AC

LAND SF

204,732 SF

ZONING

Commercial

APN/PARCEL ID

M57-00501-0059

ASK ABOUT THIS PROPERTY

Steve PostAmber Hotel CompanyMore Info
818-851-3300

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Steve PostAmber Hotel CompanyMore Info
818-851-3300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.