Location<br>Mansfield, Ohio<br><br>Sale<br>NewGen Advisory is pleased to offer for sale the Hampton Inn by Hilton Mansfield/Ontario (“Property”). The 61-room Property is conveniently located off Interstate 30 and North Lexington-Springmill Road. With its convenient location, this Property is minutes away from popular attractions such as The Ohio State Reformatory, also known as Mansfield reformatory, and the Richland Carrousel Park.
This Property will exceed every buyers’ expectation as a top performer within its competitive set. The Property boasts an ADR of $144 and a RevPar above $110 in the trailing 12 months (September 2022). It offers a 10-year relicense with Hilton upon completion of new buyer PIP.
On 61 rooms, this Property generates nearly $2.5 million of total gross revenue in its trailing 12 months (September 2022) translating to nearly $1 million in EBITDA. Over the same 12-month trailing period the RevPar Index for the Property is 209%.