Terry Baltes of Baltes Commercial Realty, Ltd. located in Dayton, Ohio recently concluded the sale of the Ramada Plaza and Conference Center located at I-71 Exit 116 at 4900 Sinclair Road, Columbus, Ohio. Terry Baltes was the Receiver for Hotel Investments I, LLC. The hotel was purchased by Pacific Rim Development, LLC an Indonesia Company. The 264 room hotel was purchased on December 20, 2013 for $2,640,000.00. The hotel sits on 6.865 acres, it has a restaurant and lounge, a conference center featuring 11 fully equipped meeting rooms, a 12,000 s.f. ballroom, an indoor and outdoor pool, whirlpool, fitness center and a business center. The hotel was originally constructed in 1971. The six story structure is comprised of 182,768 s.f. The new owner plans to make major improvements to the hotel.
December 27, 2013