Sale NewGen Advisory is pleased to offer for sale the Residence Inn Youngstown Boardman/Poland (“Property”) located in Poland, Ohio. The 78-room Property is located off I-680 and is only a short drive from several downtown Youngstown attractions such as The Shops at Boardman Park, Southern Park Mall, and Lanterman's Mill. The Property is also conveniently located by Mercy Medical Healthcare System, Akron Children’s Boardman campus and countless restaurants such as Springfield Grille, Texas Roadhouse, or Michael Alberini’s.
The acquisition of the Property represents the opportunity to acquire a premium-branded, extended stay Marriott hotel. A focused operator can increase NOI flow-through by trimming expenses and finding opportunities for more efficient asset management. The Property offers a 15-year relicense with Marriott upon completion of new buyer PIP.
This 78-room extended stay is the leader amongst its comp sets. With revenues in 2019 at $1.9 million, the Property is trending in 2022 to exceed $2.5 million in room revenue. This Property is a peak performer in the Youngstown market.
The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.
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