Overview
The Quality Inn located in Toledo, Ohio, is a two-story, 80 room hotel that was built in 1987 and underwent a renovation between 2021-2023. Situated on 1.99 acres near U.S. Highway 24 and Interstate 75, this well-positioned property provides easy access to Toledo Speedway, Outdoor enthusiasts can enjoy year-round activities at the 1,850-acre Maumee Bay State Park on Lake Erie, from winter skiing to summer boating. Nearby, thrill-seekers can visit Cedar Point Amusement Park, the Toledo Zoo, or the University of Toledo’s John F. Savage Arena.
Investment Highlights
Recently Renovated: Major renovations completed between 2021-2023.
Strong NOI Margin: Achieved a 39.2% NOI margin in 2023.
Market Growth: Toledo’s hotel market shows stable growth, with a 2.9% RevPAR increase year-over-year.
Development Boost: The former North Towne Square site in Toledo is being redeveloped by NorthPoint Development into an industrial complex, expected to boost the local economy by attracting logistics and distribution businesses and creating new jobs. This project enhances Toledo’s appeal for nearby hotel investments due to increased business traveler demand.
Toledo Trade Center Impact: The $180 million Toledo Trade Center is expected to generate over 1,000 jobs and significantly boost long-term stay demand from business travelers, particularly in logistics and industrial sectors, benefiting nearby hotels.
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