In Brief: The Residence Inn by Marriott, located in Maumee, Ohio, has been put on the market, marking another property listing in the hospitality industry’s current climate of asset liquidation.
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Residence Inn by Marriott in Maumee, Ohio – Image Credit CBRE
CBRE Hotels has listed the 108-room Residence Inn by Marriott in Maumee, Ohio, for sale, featuring a 2008-built property with various amenities and proximity to major employers and medical offices.
Property Listing Details
CBRE Hotels is acting as the exclusive agent for the sale of the Residence Inn by Marriott located in Maumee, Ohio. The property is a four-story hotel constructed in 2008 and contains 108 guest rooms. The hotel is being offered as a fee-simple interest.
The property occupies 2.08 acres and is classified as a Generation 7 Residence Inn. The hotel provides several amenities for guests, including complimentary breakfast, complimentary Wi-Fi, a boardroom for meetings, a fitness center, and an oversized swimming pool. Each guest room features a flat-screen television, work desk with lamp, and a full kitchen.
Location and Nearby Facilities
The Residence Inn is situated adjacent to Mercy Health and Pro Medica Physicians medical offices. The location is within a short driving distance to several major corporate offices, including The Andersons Corporate Headquarters, Spartan Chemical, and Dana Incorporated.
Toledo Market Overview
The hotel is located in the Toledo metropolitan area, in northwest Ohio, along the banks of the Maumee River and Lake Erie. Toledo is the fourth most populous city in Ohio, with a city population of over 270,871. The broader Toledo region, which includes three counties, has a population of 646,604.
Toledo’s economy is diversified, with major industries including advanced and alternative energy, advanced materials and manufacturing, automotive, bioscience, transportation and integrated logistics. The city has a workforce of over 303,000 individuals.
Economic and Corporate Environment
Toledo benefits from a cost of living that is approximately 16.3% lower than the national average. Four companies based in Toledo are currently listed on the Fortune 500: The Andersons, Inc. (No. 378), Owens Corning (No. 387), and Dana Incorporated (No. 410). Additionally, Marathon Petroleum, headquartered in Findlay, Ohio, approximately 45 minutes south of Toledo, ranks No. 29 on the Fortune 500 list.
Inquire at CBRE.
