80 Springside Dr - Hospitality FOR SALE


Akron, OH 44333- Copley/Fairlawn
$6,500,000 USD
317-493-0055
80 Springside Dr, Akron, OH for Sale
$6,500,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

80 Springside Dr
Akron, OH 44333
Copley/Fairlawn


HIGHLIGHTS

  • The hotel has no outstanding PIP as the owner completed a full renovation last year.
  • New case goods, soft goods, bedding, and lighting in guestrooms
  • Updated bathrooms (vanities, mirrors, fixtures)
  • Refreshed lobby and breakfast area to current Hampton design standards
  • Technology upgrades such as flat-screen TVs and improved Wi-Fi
  • Exterior and signage improvements to meet brand requirements

OVERVIEW

Luke Whittaker and Mitchell Glasson are pleased to present the opportunity to acquire the Hampton Inn Akron–Fairlawn, a well-located 63-room hotel in the highly desirable Montrose/Fairlawn submarket of Akron. Positioned just off Interstate 77, the property benefits from excellent accessibility and strong visibility within one of the region’s primary retail and commercial corridors. The hotel is surrounded by numerous demand drivers including Summit Mall, University of Akron, and Cuyahoga Valley National Park, in addition to a concentration of corporate offices and regional headquarters that support consistent year-round lodging demand. The asset also offers convenient access to both downtown Akron and the greater Cleveland metropolitan area. Branded under the globally recognized Hampton by Hilton flag, the property presents investors with the opportunity to acquire a stable, institutional-quality asset in a well-established Midwest lodging market. Matt Wallace License # REC.2022007141, BRKP.2024002419 (OH) Matthews Real Estate Investment Services, Inc 950 Main Ave., Suite 510, Cleveland, OH 44113 (866) 889-0550

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$331 USD /SF

# OF ROOMS

63

PRICE/ROOM

$103,175 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton Inn Akron-Fairlawn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

-

APN/PARCEL ID

05-00710

ASK ABOUT THIS PROPERTY

Luke WhittakerMatthews Real Estate Investment ServicesMore Info
317-493-0055

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Luke WhittakerMatthews Real Estate Investment ServicesMore Info
317-493-0055

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