Receiver Sale | TownePlace Suites | Findlay Ohio

Highlights:

• • Receiver Sale: Fee simple interest in an 85-room Marriott TownePlace Suites Findlay, Ohio
• • Low Basis: Property offered unencumbered by management and debt and a significant discount to replacement cost
• • Value-Add: Strong operational upside in transitioning the asset out of receiver control and third-party management
• • Strong Location: Situated in the heart of the US 224 commercial corridor – walking distance to Walmart and several nationally recognized full-service chain restaurants
• • University Demand: Situated approximately four miles from University of Findlay – located on a 76-acre campus and with current enrollment of approximately 5,000 students
• • Additional Demand Drivers: Marathon Petroleum, Whirlpool Corporation, and Goodyear Tires. Readily accessible to all Findlay area healthcare-related demand and multiple healthcare facilities for Blanchard Valley Health System – Findlay’s single largest employer.

Description:

RI Marketplace Online Auction May 19-21, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2482/receiver-sale-towneplace-suites-findlay-ohio?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=hospitality_2482

Alchemy Real Estate Advisors, in conjunction with RealINSIGHT Marketplace, are pleased to present this rare opportunity to acquire the fee simple interest in the receiver-controlled and managed 85-room Marriott TownePlace Suites in Findlay, Ohio, with the asset set to be available for purchase in the May 21st auction event via Real Insight Marketplace. The property provides an attractive investment opportunity, as it is available for relicensing under the existing Marriott flag for qualifying franchisees, offering long-term brand value and operational flexibility.

Strategically positioned along US 224, the property benefits from high traffic exposure, with over 21,000 vehicles passing daily, ensuring strong visibility and accessibility. Additionally, Findlay is experiencing significant economic momentum, with $415 million and 600,000 square feet of real estate investment in 2024 alone. The healthcare sector is also expanding rapidly, with Blanchard Valley Health System investing $140 million locally, including the recently opened $40 million Wellness Park. Beyond business and healthcare demand, the hotel is proximate to Findlay’s historic downtown, a vibrant area filled with shops, restaurants, and attractions, further enhancing its appeal to leisure travelers.

Findlay has been nationally recognized as a “Top Micropolitan Community” for 11 consecutive years, a testament to its sustained economic growth and $2.5 billion in capital investments in recent years. With a strong foundation of corporate, healthcare, and leisure demand, alongside ongoing development, this is an opportune time to invest in Findlay, positioning this asset as a compelling addition to any hospitality portfolio.

Thomas Seaman
Auctioneer
License: 2007000016

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