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Maui Sands Water Park Resort Sandusky |  |
Sandusky,
Ohio
New Listing!
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Rooms: 306
Price($): N/A
Contact: John Nugent
Phone: 312-228-2942
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| | DESCRIPTION | |
Jones Lang LaSalle Hotels, as sole and exclusive agent for the Receiver for Maui Sands Resort Co., LLC et al., is pleased to present for sale the fee simple interest in the Maui Sands Water Park Resort (the “Hotel” or “Property”), a 306-room hotel complex in Sandusky, Ohio, just 15 minutes from Cedar Point Amusement Park and one hour from Cleveland, Ohio. Previous ownership spent approximately $34.1 million in new construction and renovation costs to re-position and open the Hotel as a water park resort in the fall of 2008. The Hotel features a highly visible location off Milan Road and US Highway 2. The Property was conveyed to the Receiver in December 2008 and is in varying states of completion, although a new owner could operate approximately 136-rooms and the attached water park with minimal cleaning and refurbishment. The Hotel is being offered unencumbered by management and brand, and represents a compelling investment opportunity which can be realized at a significant discount to replacement cost.
New Listing: Yes
Portfolio: No
Price Reduction: No
Status: Available
Sold: No
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