Ohio Cincinnati Mason Branded Hotel

$7,000,000 for the Ohio Cincinnati Mason Branded Hotel Business & Property.  The hotel was appraised in 2022 for $11,800,000.  CENTRALLY LOCATED NEAR RESTAURANTS, ENTERTAINMENT, SHOPPING, AND MAJOR INTERSECTIONS.  9500 SF 104 ROOMS AND SUITES Hotel on 3.3 acres.  The hotel is a 4-story, 101-room, extended-stay lodging facility built in 1998.  The hotel property features all basic services for a Property of this type, and offers amenities including an indoor pool, whirlpool, fitness room, business center, and guest laundry.  The rooms are located off the interior corridors.  The hotel is located along Interstate 71, northeast of Cincinnati.  The subject is located in the Mason/Montgomery submarket of the Cincinnati MSA.  The site has good exposure along the interstate and average access to Exit 19.  The subject is adjacent to the King's Automall: a large conglomerate of auto dealerships.  Additionally, surrounding the mall are numerous retail uses, including Target, Michaels, Best Buy, and Barnes & Noble.  Restaurants in the area include Olive Garden, Cracker Barrel, McDonald's, and Longhorn Steakhouse.  There are many local businesses and other demand generators in the area, including Kings Island, a large amusement and water park located 6 miles from the subject.  The hotel's neighborhood primarily comprises a variety of commercial, retail, and leisure/entertainment uses.