Overview
The Country Inn & Suites in Lima, Ohio, is a three-story, 72-room hotel that was built in 2007 and underwent a renovation in 2019. Situated on 1.61 acres near Harding Highway and Turner Ave NE, this well-positioned property provides easy access to local attractions and amenities. Noteworthy nearby demand generators include the Lima Mall, Ohio State University-Lima, Mercy Health - St. Rita's Medical Center, and the Veterans Memorial Civic & Convention Center. The hotel offers a range of amenities including a Fitness Center, Business Center, Complimentary Breakfast, Indoor Heated Pool, and Laundry Facilities, ensuring a comfortable and convenient stay for guests.
Investment Highlights
Strong Financial Performance – The property generated $1.65M in total revenue and $614K in NOI (37.3% margin) in 2024, reflecting efficient operations and steady profitability.
Operating Metrics – The hotel achieved a 69.7% occupancy rate, $87.51 ADR, and $61.02 RevPAR in 2024, demonstrating rate stability and strong demand recovery.
Absentee Ownership: Opportunity to improve oversight and operations with local management.
Potential Growth: Opportunity to increase ADR through targeted marketing, corporate contracts, and local partnerships.
Prime Location – Strategically positioned off I-75, ensuring high visibility and accessibility for business and leisure travelers.
Diverse Demand Generators – Lima is a regional hub for manufacturing, healthcare, and education, drawing business professionals, hospital visitors, and university guests year-round.
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