In Brief: The Red Roof Inn property located in Clyde, Ohio has changed hands, with the transaction facilitated by Laurel Real Estate Co.
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Red Roof Inn in Clyde, Ohio – Image Credit Hotel Brokers International
Asset drew multiple offers from investors; local owner-operator selected as buyer; financing arranged by Dan Uhl of Peachtree Group
Laurel Real Estate Co., a boutique commercial real estate brokerage and member of Hotel Brokers International, has arranged the sale of the Red Roof Inn in Clyde, Ohio.
The offering generated multiple competitive bids, reflecting steady investor demand for limited-service and select-service assets in secondary Midwest markets. The seller, who engaged Laurel Real Estate Co. to manage the disposition as part of a broader portfolio restructuring, was able to close on favorable terms.
The property was acquired by a local owner-operator with an established presence in the northern Ohio market. Their familiarity with the area and hands-on approach to management were key factors in the selection. Financing for the transaction was arranged by Dan Uhl of Peachtree Group, whose involvement helped facilitate a smooth closing process.
“Investors are no longer filtering strictly on geography. What we’re seeing is increased demand for well-maintained assets in secondary markets, particularly those with proximity to stable employment bases — and the Red Roof Inn in Clyde fits that profile,” said Lauren D’Souza-Faze, Vice President of Laurel Real Estate Co. “While the property ultimately went to a local buyer, the interest we received from across the country was a strong indicator of how investor appetite has expanded beyond the major metros.”
About Laurel Real Estate Co.
Laurel Real Estate Co. is a family-owned boutique commercial real estate brokerage with over 30 years of dedicated focus on the sale and acquisition of hospitality assets throughout the Midwest. The firm works with hotel owners, investors, and operators at every stage of a transaction, from valuation and marketing through negotiation and closing. Laurel Real Estate Co. is a member of Hotel Brokers International (HBI), the leading professional organization for hotel brokers in North America. Learn more and view active listings at laurelhotelbrokers.com.
About Hotel Brokers International
Hotel Brokers International is the leading network of hotel brokerage specialists, providing industry insights, transactional support, and professional development to members worldwide. Founded in 1959, HBI has facilitated thousands of hotel sales and remains a trusted resource for hotel real estate professionals. HBI is also the founder and administrator of the Certified Hotel Broker (CHB) designation—the only professional certification program for hotel brokers in the real estate industry. For more information, visit HBIhotels.com.
For more information:
Lauren D’Souza-Faze
Vice President, Laurel Real Estate Co.
380.799.6608
[email protected]
