SHERIDAN, WYOMING – Mar. 4, 2025 – Laurel Real Estate Co., an Ohio-based boutique real estate brokerage and member of Hotel Brokers International, has successfully arranged the sale of the Days Inn by Wyndham Columbus East Airport in Reynoldsburg, OH. The company served as the sole brokerage in this transaction, representing the seller.
Complex Transaction Successfully Completed
“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 U.S.,” said Lauren D’Souza-Faze, VP, hotel sales and listing agent on the transaction. The intricate nature of the deal required meticulous attention to detail and seamless coordination between all involved parties. “The success of this transaction ultimately resulted from the perseverance and collaboration between buyer, seller and all parties involved.”
Property Highlights and Key Selling Points
The Days Inn Columbus East Airport boasts 152 units, providing ample accommodation for travelers. The property also features an outdoor pool, meeting space, and a full bar & restaurant, enhancing the guest experience and offering diverse amenities. A significant selling point was its strategic location, offering convenient access to downtown Columbus. Moreover, its proximity to Intel’s $28-billion semiconductor manufacturing facility, currently under construction, added substantial value.
Central Ohio’s Economic Renaissance
“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, Laurel Real Estate Co. The region’s burgeoning economic landscape is attracting significant investment and driving demand for hospitality services. “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.”
Navigating Financing Challenges
Despite the property’s strong financial performance and desirable location, the transaction faced significant financing hurdles. “Due to the complexity of the financing of this hotel, the underwriting team continually requested significant documentation and additional information,” said Ramin Mostaan, owner, Scientific Capital, the mortgage brokerage that facilitated the transaction. Addressing these challenges required a proactive approach and efficient communication. “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.”
Successful Collaboration and Perseverance
The successful sale of the Days Inn Columbus East Airport underscores the importance of collaboration and perseverance in complex real estate transactions. Laurel Real Estate Co.’s expertise and dedication ensured a smooth process, despite the numerous challenges encountered. The firm’s ability to navigate intricate financing requirements and facilitate communication between diverse stakeholders proved crucial to the transaction’s success.
About Laurel Real Estate Co.
Laurel Real Estate Co. is an Ohio-based boutique real estate brokerage specializing in hotel transactions. As a member of Hotel Brokers International, the firm provides expert guidance and comprehensive services to buyers and sellers in the hospitality industry. Their commitment to client satisfaction and their ability to navigate complex deals make them a trusted partner in the real estate market.
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