Buy&Hold (Hospitality): (128 Keys) Hotel, Mansfield, OH + $4.7M
- Promise Land Realty
- Jun 5, 2025
- 2 min read
Hotel Investment Opportunity
Price
$4,700,000
OFF-MARKET | Park Hospitality Mansfield | $4.7M | Seller Financing Available
116 Park Avenue West, Mansfield, OH 44902
Now available: Mansfield’s most iconic hospitality asset, located in the heart of downtown. Formerly operating as a Holiday Inn, this midscale, 128-room hotel includes the largest conference center in the city—with direct access to an attached entertainment theater. A true multi-functional property with immense upside and flexible conversion potential.
Key Highlights:
128 Rooms | 100% Clean Condition
Built 1984 | Major Renovation ($300K) completed April 2023
Located in central downtown Mansfield, OH
Proximity to growing medical infrastructure and strong retirement community presence Potential conversions: Assisted Living, Senior Center, Rehab Center, Adult Day Care, Affordable Housing, or DoubleTree by Hilton
Floor Plans:
Asking Price: $4.7M
Seller Financing Available
$1.2M Down Payment – Seller Will Carry the Balance
Property Map
Submit all offers and inquiries directly to: investments@promiselandrealtyllc.com
TEAM PROMISELAND DISCLAIMER:No one is permitted to market or advertise this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or distribution of this opportunity, photos, or property information will incur a $500 fine per incident.
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
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Work: 864-762-2509
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