Mazili Hotel Group is pleased to offer qualified investors the fee-simple interest in the premium branded residence Inn Akron South.
The Residence Inn and Suites is a select service 4-story interior corridor hotel located just south of Akron, Ohio. The hotel has easy access to Interstate 77. The hotel is also located within a short distance to Akron Aiport and Portage Lake State park.
Property Overview
The asset was built in 2014 and was renovated in 2022. It features 80 suites including spacious studio, one- and two-bedroom suites with separate living and sleeping areas. As well as a fully equipped kitchen.
Guest rooms in the Fairfield Inn are furnished with comfortable amenities and modern décor. Guest rooms include premier linens, Flat screen TVs, iron and ironing board, work desk, chair, and complimentary Wi-Fi. Suites feature 37-inch flatscreen televisions. It is ideally suited for business and leisure travelers.
Amenities:
Kitchens
Meeting Space
Indoor Pool
Fitness Center
Marriott Affiliation:
Marriott’s Residence Inn brand is one of the strongest 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 name recognition. All Marriott properties are backed by the Marriott Bonvoy rewards program, which boasts over 120 million members across 30 brands and more than 7,900 hotels worldwide.
The hotel has 14 years left in the current franchise agreement.
Management and Debt:
The Asset is being offered unencumbered of current management and debt.
Property Improvement Plan:
Upon the change of ownership, it is anticipated Marriott will require the new owner to complete a change of ownership PIP. However due to recent PIP completion by current ownership, there should no major changes required.
Excellent Location
The hotel is located south of Akron with easy access to Interstate 77.
