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Days Inn Columbus East Airport – Image Credit Hotel Brokers Inernational
Laurel Real Estate Co., an Ohio-based boutique real estate brokerage and member of Hotel Brokers International, is pleased to announce the successful sale of the Days Inn Columbus East Airport located in Reynoldsburg, Ohio. Laurel Real Estate Co. represented the Seller and was the sole brokerage involved in the transaction.
“This sale was especially complicated for a number of reasons: the size of the property, the Buyer’s financing needs, and the fact that the Buyer was a first-time hotelier who resides outside of the United States,” said Lauren D’Souza-Faze, Vice President of Hotel Sales and listing agent on the transaction. “The success of this transaction ultimately resulted from the perseverance and collaboration between Buyer, Seller, and all parties involved.”
Located at 2100 Brice Road in Reynoldsburg, the Days Inn Columbus East Airport features 152 units in addition to an outdoor pool, meeting space, and full bar & restaurant. One of the property’s many selling points was its proximity to downtown Columbus as well as Intel’s $28 billion semiconductor manufacturing facility, which is currently under construction.
“The Central Ohio region is experiencing a renaissance that makes it appealing to investors not just across the country, but around the world,” said Errol D’Souza, principal broker of Laurel Real Estate Co. “Large-scale development projects, including Intel’s semiconductor facility, are fueling population growth and driving demand for local hotels, including the Columbus East Airport Days Inn.”
Despite the property’s strong financial performance and desirable location, a successful transition was not guaranteed. “Due to the complexity of the financing of this hotel, the underwriting team continually requested significant documentation and additional information,” said Ramin Mostaan, owner of Scientific Capital, the mortgage brokerage that facilitated the transaction. “A key success factor in this project was the promptness of Errol and Lauren in obtaining the required information from the seller and the related sources.”
About Laurel Real Estate Co.
Founded in 2002, Laurel Real Estate Co. is a boutique real estate brokerage focused on hospitality properties. With operations in Ohio and Florida, Laurel Real Estate Co. has sold over 300 properties ranging from beachfront motels to full-service hotels & events centers. To view active listings and inquire about selling your hotel, visit www.laurelhotelbrokers.com.
About Hotel Brokers International
Established in 1959, Hotel Brokers International (HBI) is the premier network of hotel brokerage specialists, delivering industry insights, transactional support, and professional development to its members. In addition to brokerage services, HBI offers affiliate memberships to professionals in franchising, lending, appraisals, and investment services, fostering a strong network of hospitality industry experts. To learn more about becoming an HBI broker or affiliate member, visit www.hbihotels.com.
Contact Information:
Lauren D’Souza-Faze
Laurel Real Estate Co.
380.799.6608
[email protected]
Glenda J. Webb, Executive Director
Hotel Brokers International
+1.816.505.4315
[email protected]
