Contacts
Alchemy Real Estate Advisors (AREA)
Property Details
- Property Type Other
- Property Size 55,762 SF
- Units 78
- Additional Rent Contact for pricing
- Year Built 1997
- Year Renovated 2015
- Date Updated Dec 10, 2024
Reach out to the broker for more info on lease terms and amenities
Highlights
- Fee simple interest in the institutionally owned 78-room Homewood Suites Grand Toledo in Maumee, Ohio
- Available for purchase in the January 23rd auction event via Ten-X
- Offered as part of a four-property portfolio, with all properties being sold individually
- Offered unencumbered by management and debt and a significant discount to replacement cost
- Offered unencumbered by brand, with a variety of alternative branding options available for conversion
- Extended stay rooms are fully equipped with kitchens, making them ideal for potential residential conversion or alternative uses, pending zoning and municipal approvals
- Strong operational upside in transitioning the asset out of institutional ownership and third-party management
- Easily accessible via the heavily trafficked I-475 and Dussel Drive corridor, with over 75,000 vehicles passing daily
- Located directly adjacent to the 1,100-acre Arrowhead Business Park, home to more than 250 companies accounting for more than 14,000 local jobs
- Walking distance to a newly planned 250-unit, $60 million luxury apartment complex development within Arrowhead Business Park
- Situated less than three miles from Maumee’s three largest employers: United Parcel Service, St. Luke’s Hospital, and Dana Incorporated
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Maumee, OH
- Zip Code 43537
- Market Toledo
Points of Interest
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BP
0.22 miles
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Kroger Fuel Center
0.97 miles
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Tesla Supercharger
1.03 miles
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Speedway
1.07 miles
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Shell
1.60 miles
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ChargePoint
4.36 miles
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Van Lot A
1.54 miles
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Associate and Visitor Parking
1.62 miles
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Van Lot B
1.77 miles
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Lot 49 - Hotel Guest Parking
4.09 miles
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Lot 46
4.15 miles
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Lot 42
4.21 miles
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BGSU at Levis Commons Parking Lot
4.23 miles
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Lot 48
4.24 miles
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Lot 42A
4.27 miles
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Lot 47
4.29 miles
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Homewood Suites
0.01 miles
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Country Inn & Suites
0.06 miles
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Fairfield Inn
0.13 miles
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Extended Stay America
0.15 miles
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Super 8
0.18 miles
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Residence Inn
0.27 miles
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WoodSpring Suites
0.31 miles
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Courtyard
0.41 miles
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Best Western
0.50 miles
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Hampton
0.94 miles
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Walt Churchill's Market
0.68 miles
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Gordon Food Service
0.84 miles
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Kroger
0.91 miles
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Meijer
0.92 miles
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Reynolds Plaza Shopping Center
1.34 miles
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Golden Gate Shopping Center
1.93 miles
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Gander Mountain
2.38 miles
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Target
2.40 miles
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TJ Maxx
2.42 miles
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ALDI
2.46 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Alchemy Real Estate Advisors (AREA)