The offering presented a prospective buyer the unique opportunity to acquire scale, assets with upside, and in-place cash flow in a desirable reimbursement market. The properties had been family owned and operated for multiple decades and boasted positive cash flow at the time of sale. Looking to exit the industry, the seller engaged Blueprint to facilitate the sales process for its experience in maximizing trade value and its deep buyer network.
Through Blueprint’s targeted marketing campaign process, the sellers elected to transact with a New York-based owner-operator looking to grow its Ohio and Cincinnati market share. The portfolio traded for a sub 10% capitalization rate on trailing EBITDAR.
Connor Doherty and Brian Payant led the transaction team.