7370 Miller Ln - Hospitality FOR SALE


Dayton, OH 45414- Outer Northeast
$4,100,000 USD
248-914-2183
7370 Miller Ln, Dayton, OH for Sale
$4,100,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

7370 Miller Ln
Dayton, OH 45414
Outer Northeast


HIGHLIGHTS

  • Situated along Miller Lane near Interstate 75 and Dayton International Airport
  • A new, more involved owner would have greater control over expenses, increasing profitability
  • With a RevPAR Index of 94 percent, the Hotel presents untapped potential
  • The property requires minimal improvements, offering a smooth transition for the new owner
  • Supported by key corporate, educational, and leisure drivers including CareSource, Kettering Health, Reynolds & Reynolds, University of Dayton, etc.
  • Proximity to major regional events such as the CenterPoint Energy Dayton Air Show, Dayton Hamvention, and OUT HERE Dayton Film Fest

OVERVIEW

INVESTMENT HIGHLIGHTS Strategic Location and Accessibility: Situated along Miller Lane near Interstate 75 and Dayton International Airport, benefiting from strong visibility and connectivity to major regional employers and attractions. Absentee Ownership: A new, more involved owner would have greater control over expenses, increasing profitability. Since the business is currently run by an absentee owner, closer management would benefit both operations and margins. Room Revenue Upside Potential: With a RevPAR Index of 94 percent, the Hotel presents untapped potential. Strategic revenue management and marketing could increase room revenue to $1.2–$1.4 million dollars and drive stronger returns for investors. Property Improvement Plan: The property requires minimal improvements, offering a smooth transition for the new owner. Diverse Demand Generators: Supported by key corporate, educational, and leisure drivers including CareSource, Kettering Health, Reynolds & Reynolds, University of Dayton, and Wright State University. Cultural and Event-Based Demand: Proximity to major regional events such as the CenterPoint Energy Dayton Air Show, Dayton Hamvention, and OUT HERE Dayton Film Fest, contributing to strong seasonal occupancy. Proven Economy Brand Performance: Backed by Red Roof Inn’s nationwide recognition, streamlined operations, and loyal customer base, providing steady revenue and cost-efficient management. INVESTMENT OVERVIEW As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Red Roof Inn Dayton North Airport (‘Hotel’ or ‘Property’) located at 7370 Miller Lane in Dayton, Ohio. The Red Roof Inn-branded Hotel is offered at $4,100,000 or $37,963 per key. Originally constructed in 1976, the economy-scale, limited-service Hotel features 108 guest rooms on a 1.99-acre parcel. The property benefits from excellent visibility and accessibility, positioned along the Miller Lane hospitality corridor—an established lodging and dining hub serving the Dayton International Airport submarket. The Red Roof Inn Dayton North Airport offers guests well-appointed rooms designed for efficiency and comfort. Strategically situated near Dayton International Airport, the property draws steady lodging demand from both the aviation and industrial sectors. Nearby corporate and institutional demand generators include CareSource, Kettering Health, The Reynolds & Reynolds Company, and GMB North America, all of which maintain a significant presence in the Dayton metropolitan area. The Hotel’s convenient location along Interstate 75 also positions it favorably for travelers visiting local universities, conventions, and regional events. Once home to the Wright brothers, Dayton was a thriving city in the heart of western Ohio with deep roots in aviation. Since then, Dayton has evolved into a modern hub for aerospace technology, advanced manufacturing, health sciences, and information technology. Its economic growth is supported by major employers such as Premier Health Partners, Kettering Health Network, Montgomery County, Dayton Children’s Hospital, Wright State University, and the University of Dayton. Anchored by major regional assets like Wright-Patterson Air Force Base and the Great Miami Buried Aquifer, the city’s asset-based economic model focuses on five key clusters—Aerospace R&D, Human Sciences & Health Care, Information Technology, Advanced Materials & Manufacturing, and Water. Recent redevelopment efforts in Dayton include the renovation of the historic Centre City Building and the revitalization of the Dayton Arcade into a vibrant mixed-use space. Moreover, the Dayton Convention Center underwent a $45 million modernization to enhance its appeal for large events. Additionally, Hotel Ardent opened in 2025 as a 118-room boutique hotel in the Theatre District, adding upscale lodging to the downtown area. Beyond its economic strength, Dayton offers a rich cultural and recreational landscape. The city’s Five Rivers MetroParks system and the Great Miami Riverway provide extensive green spaces, trails, and outdoor experiences that define its livability. Regional attractions such as the National Museum of the U.S. Air Force, Carillon Historical Park, Boonshoft Museum of Discovery, and Dayton Art Institute highlight its historical and artistic legacy. Major annual events such as the CenterPoint Energy Dayton Air Show, Dayton Hamvention, and the OUT HERE Dayton Film Festival contribute significant leisure demand. The downtown area boasts more than 300 annual performances and a $213 million regional arts impact, with venues including the Dayton Performing Arts Complex, independent theaters, and museums. In addition, the nearby Hollywood Gaming at Dayton Raceway and surrounding commercial developments continue to attract corporate and transient guests alike. Between year-end 2024 and the twelve months ending in September 2025, the Hotel experienced a 0.7 percent increase in room revenue. This trend indicates potential foreseeable advantages for buyers, including additional capital for renovations and enhanced cash flow. With a RevPAR Index of 94 percent, the Hotel presents untapped potential. Strategic revenue management and marketing could increase room revenue to $1.2–$1.4 million dollars and drive stronger returns for investors.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$102 USD /SF

# OF ROOMS

108

PRICE/ROOM

$37,963 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Dayton North Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

N/Av

APN/PARCEL ID

A01-00307-0011

ASK ABOUT THIS PROPERTY

Michael KlarMarcus & MillichapMore Info
248-914-2183

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Michael KlarMarcus & MillichapMore Info
248-914-2183

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