{"id":1004146748,"date":"2016-06-27T09:03:40","date_gmt":"2016-06-27T17:03:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004146748"},"modified":"2020-05-12T23:56:00","modified_gmt":"2020-05-13T07:56:00","slug":"holiday-inn-hotel-suites-lima-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/holiday-inn-hotel-suites-lima-changes-hands\/","title":{"rendered":"Holiday Inn Hotel & Suites Lima Changes Hands"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

Lima, Ohio<\/strong>\u2014Marcus & Millichap<\/a> recently announced the sale of a 116-key hotel located in Lima, Ohio. Holiday Inn Hotel & Suites Lima<\/a> changed hands with a $11 million price tag, or nearly $95,000 per guestroom.<\/p>\n

\"Holiday<\/a>

Holiday Inn Hotel & Suites Lima<\/p><\/div>\n

Located at 803 South Leonard Ave., the Holiday Inn Hotel & Suites Lima is a four-story hotel<\/a> offering a range of amenities such as an indoor pool, a fitness center, business center, meeting room, on-site restaurant, ice machine, free breakfast, newspaper and Wi-Fi.<\/p>\n

\u201cPlaced on the market by its original developers, the property has historically strong operating margins and high average daily rates and occupancy,\u201d Alexandre Duong, associate vice president of investments in Marcus & Millichap\u2019s Cleveland office, said in a prepared statement. \u201cOur marketing campaign produced multiple offers from out-of-state and private equity investors, and we closed the sale at 96 percent of the list price.\u201d Duong represented the seller and procured the buyer.<\/p>\n

Image courtesy of Holiday Inn Hotel & Suites Lima<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Holiday Inn Hotel & Suites Lima was recently acquired for $11 million, in a transaction facilitated by Marcus & Millichap. <\/p>\n","protected":false},"author":735,"featured_media":1004146749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21743,21751,13,21742],"tags":[],"class_list":["post-1004146748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-deals","category-hotel","category-midwest","category-latest"],"acf":[],"yoast_head":"\nHoliday Inn Hotel & Suites Lima Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/holiday-inn-hotel-suites-lima-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Holiday Inn Hotel & Suites Lima Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Holiday Inn Hotel & Suites Lima was recently acquired for $11 million, in a transaction facilitated by Marcus & Millichap.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/holiday-inn-hotel-suites-lima-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-27T17:03:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-13T07:56:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/Holiday-Inn-Hotel-Suites-Lima.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"4000\" \/>\n\t<meta property=\"og:image:height\" content=\"3001\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/holiday-inn-hotel-suites-lima-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/holiday-inn-hotel-suites-lima-changes-hands\/\",\"name\":\"Holiday Inn Hotel & Suites Lima Changes Hands - 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She joined the team in 2015 as associate editor and covered commercial, residential and student housing news assignments. 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