The Mansfield Conversion Opportunity is being offered at a discount to replacement cost and will provide the buyer with a unique opportunity to convert to a DoubleTree by Hilton or other brand at a low basis. The property is being offered unencumbered of current management and any debt. The opportunity will offer substantial upside potential, allowing the buyer to fully control the property’s ramp up and initial impressions within the marketplace.
The Mansfield Conversion Opportunity is situated at the center of Downtown Mansfield and it is connected to the Renaissance Theater, which holds numerous significant events annually. Being the most extensive performing arts center in North Central Ohio, the theater draws a considerable amount of demand towards the hotel. Downtown Mansfield boasts a diverse range of restaurants, bars, and boutique shops that attract visitors from all over the region. Additionally, the hotel is merely a mile away from OhioHealth Mansfield Hospital, a full-service hospital with 326 beds which attracts long-term demand to the area and is the most extensive employer in Mansfield.