Days Inn * 66 Units * Interior Corridors * $991,970 Revenue * Near Downtown Cleveland

Ohio, United States

$3500000

Sale conditions: Market

Snapshot

Active

Ownership: Fee Interest
Type: Hotel
Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Days Inn
Corridor: Interior
No. of Keys: 66
Site Size: 1.15 AC

Address: 12019 Lake Ave W, Cleveland, OH 44107
Units: 66
Buildings and Stories: 1 building, 2 stories
Corridors: Interior
Year Built: 1975
Land Area: 1.15 acres
Construction: Concrete Block
Heating and Cooling: Individual PTAC units
Roof: Flat, Rubber Roof (3 years old)
Franchise: Wyndham
Parcel Number(s): Cuyahoga County 312-29-007

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Days Inn
Corridor: Interior
Keys: 66
Building Status: Existing
No. of buildings: 1
Stories: 2
Site size: 1.15 AC
Parking Type: Surface
Construction Type: Reinforced Concrete
Year Build: 1975
Room Inventory Description:

Price: $3,500,000
Price per Room: $53,030.30
Revenue: $991,970
Revenue Multiplier: 3.53
Occupancy: 46.7%
ADR: 88.24
RevPAR: 41.18










Common area amenities:

Breakfast Area

Source of Business:

Government

Transient

Corporate

Leisure

Commercial

Additional Links:

Location


Country: United States
State: Ohio
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

Brokers

Errol Anthony D'Souza, CHB

President, Principal Broker
Laurel Real Estate Company

FL #BK3479090
OH #BRK.2002016764

740 965 1966
edsouza@laurelsales.com


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