PROPERTY OVERVIEW

Excellent Location in Downtown Columbus

The 150-key Courtyard Columbus Downtown is strategically located in the vibrant Arena District, providing easy access to key attractions and demand drivers. Within a 4-minute radius of the hotel are Nationwide Arena, Huntington Park, and Lower.com Field, making it an ideal spot for sports enthusiasts. The hotel is 6 minutes from the Center of Science and Industry (COSI), one of the nation's top science museums, drawing 1.5 million visitors annually. Located 4 minutes from the Ohio Statehouse, the hotel benefits from its proximity near the heart of Ohio’s government. Educational demand is driven by The Ohio State University, with over 60,000 students (8 minutes), as well as nearby Franklin University (7 minutes) and Columbus State Community College (4 minutes). Corporate demand is bolstered by proximity to several major companies, including Cardinal Health (#14 on Fortune 500, 13 minutes), Nationwide Insurance (#75 on Fortune 500, 3 minutes), American Electric Power (#217 on Fortune 500, 2 minutes), Huntington Bancshares Inc (#375 on Fortune 500, 4 minutes), and Bath & Body Works (#481 on Fortune 500, 18 minutes). Additional Corporate demand is driven by Abbott Nutrition and White Castle Headquarters, both within 8 minutes. Medical demand is bolstered by Grant Medical Center (6 minutes) and Nationwide Children’s Hospital (7 minutes). The hotel is also 10 minutes from John Glenn Columbus International Airport, which served over 8.6 million passengers in 2023 and is undergoing a $2 billion terminal expansion. As one of the fastest-growing metropolitan areas in the U.S., downtown Columbus is seeing significant development, including the $350 million Merchant Building project, which features 172 residences and 68,000 sq ft of office space.

Institutionally Managed Asset with Upside

The Courtyard Columbus Downtown is currently institutionally managed, granting a Buyer the opportunity to raise performance metrics upon implementation of a new management strategy. Under new management, ownership will be able to improve on efficiencies and lower costs compared to those of a larger, institutional management company.

Institutional Marriott Branded Asset

Marriott’s Courtyard brand is one of the strongest and largest brands in the Marriott family. Premium branded assets have distinct competitive advantages compared to the rest of the market due to their large rewards and reservation systems as well as brand recognition. All Marriott properties are backed by the Marriott Bonvoy reward program which boasts over 160 million members across 33 brands and more than 7,000 hotels worldwide.