Days Inn by Wyndham Niles - Niles, OH
About This Property
- 74 Units
- 2 Story Interior and Exterior Corridor Hotel
- Room Revenue $806,594 in 2022 and $770,749 in 2023
- Incentives Available for Change in Flag with Multiple Franchisors Including Red Roof Inn
- Perfect for Owner-Operator; 2 Bedroom Manager's Apartment
- Recent Upgrades Include Carpet in the Entire Hotel Not Depicted in Photos Online
- Offers Encouraged from Longtime Owner of 40+ Years
- Excellent Location Midway Between Cleveland and Pittsburgh in Eastern Ohio
The Days Inn is a 74 room, 2 story interior and exterior corridor hotel, located in Eastern Ohio just North of Interstate 80. The hotel has been owned by the same family for over 40 years.
There is a 2 bedroom manager's apartment in the 1st building with kitchenette and dining area, making the hotel perfect for an owner-operator. The Seller says approximately $100,000 was spent renovating the hotel, including carpet in guest rooms and hallways and other capital expenditures. There are doors on the 2nd floor to balconies as well.
The Seller mentioned that there is conversion opportunity and incentives available to move to the Red Roof flag. Also, revenues in 2023 were affected by water not being available due to a city main water break for 3 days in August, and a circulation pump affecting 25 rooms A/C units in the summer months.
Niles, Ohio's economy is powered by manufacturing, retail, healthcare, education, tourism, and transportation. These sectors create jobs and drive local spending, sustaining the city's growth and development. Some major employers nearby include the General Motors Lordstown Complex in nearby Lordstown, Mercy Health providing healthcare services, Vallourec Star steel pipe manufacturing in Youngstown, Youngstown State University, Giant Eagle supermarket chain, and local government entities. Additionally, various retail chains, restaurants, and hotels in the area also contribute significantly to local employment.
In cooperation with Thomas D'Amico (OH Lic #BRKP.0000177678) .
This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.
The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.
By checking the below box and viewing this property, you agree that:
- The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
- The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
- All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.
This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.