Delta By Marriott Redevelopment * Projected $4.8M Revenue * Minutes to Downtown Cleveland

Ohio, United States

$6900000

Sale conditions: Market

Snapshot

Active

Type: Hotel
Sub Type: Full Service
Chain / Market Scale: Upper Midscale
Corridor: Interior
No. of Keys: 178
Site Size: 6.53 AC

Address: 5300 Rockside Rd Independence, OH 44131
Units: 178
Buildings & Stories: 1 Building, 5 Stories
Corridors: Interior
Year Built: 1974
Land Area: 6.53 acres
Construction: Concrete
Heating & Cooling: Individual units
Roof: Flat
Amenities: Restaurant, Bar, 2 Ballrooms, 6 Meeting Rooms, Outdoor Event Spaces
Parcel Number(s): #562-32-004

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Full Service
Chain / Market Scale: Upper Midscale
Additional Property Type: Hotel
Corridor: Interior
Keys: 178
Room SF: 288
Building Status: Existing
No. of buildings: 1
Stories: 5
Site size: 6.53 AC
Meeting Space: 7 Rooms
Sprinklers: Wet
Parking Type: Surface
Parking Spaces: 250
Construction Type: Reinforced Concrete
Year Build: 1974
Room Inventory Description:

Room Revenue (Projected): $4,800,000
F&B Revenue (Projected): $2,000,000
Occupancy (Projected): 60%
ADR (Projected): $125
RevPAR (Projected): $104.66

Common area amenities:

Other

Business Center

High Speed Internet

Breakfast Area

Exercise Room

Indoor Pool

Lounge

Restaurant

Source of Business:

Other

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


JOIN HOTEL BROKERS INTERNATIONAL

HBI Hotels

Brokers

Becoming a member of Hotel Brokers International will provide opportunities to further your brokerage career.

Learn More
HBI Hotels

Affiliate Membership

Hotel Brokers International’s affiliate program positions hospitality service providers in the center of the largest, most comprehensive brokerage network in the industry.

Learn More
HBI Hotels

CHB

The industry’s only certification in hotel brokerage, designed to distinguish those who have advanced their professionalism and competence in hotel brokerage.

Learn More