Travelodge * 42 Units * Cleveland OH * Interior Corridors * Fully Renovated * No PIP
Ohio, United States
$1950000
Sale conditions: Market
Snapshot
Active| Ownership: | Fee Interest |
|---|---|
| Type: | Hotel |
| Sub Type: | Limited Service |
| Chain / Market Scale: | Economy |
| Brand: | Travelodge |
|---|---|
| Corridor: | Interior |
| No. of Keys: | 42 |
| Site Size: | 0.72 AC |
Price: $1,950,000
Price per Room: $45,348.84
Revenue: $556,888
Revenue per Room: $13,259
Revenue Multiplier: 3.54
Occupancy: 44.13%
ADR: $79.54
RevPAR: $35.10
Highlights:
Login to viewGeneral Property Information
| Property Name: | Login to view |
|---|
| Property Type: | Hotel |
|---|
| Property Sub Type: | Limited Service |
|---|
| Chain / Market Scale: | Economy |
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| Additional Property Type: | Motel |
|---|
| Brand: | Travelodge |
|---|
| Corridor: | Interior |
|---|
| Keys: | 42 |
|---|
| Room SF: | 288 |
|---|
| Building Status: | Existing |
|---|
| No. of buildings: | 1 |
|---|
| Stories: | 2 |
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| Building size(SF): | 15000 |
|---|
| Site size: | 0.72 AC |
|---|
| Sprinklers: | None |
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| Parking Type: | Surface |
|---|
| Parking Spaces: | 45 |
|---|
| Construction Type: | Reinforced Concrete |
|---|
| Year Build: | 1975 |
|---|
| Year Renovated: | 2021 |
|---|
Room Inventory Description:
Address: 11837 Edgewater Drive, Lakewood, OH 44107
Units: 42
Buildings: 1
Stories: 2
Corridors: Interior
Year Built: 1975
Land: 0.72 acres
Construction: Concrete Block
HVAC: Individual PTAC units
Roof: Flat, Rubber Roof * 7 years old
Franchise: Travelodge
Parcel #s: Cuyahoga County 312-11-015, 312-11-016
Common area amenities:
Business Center
Breakfast Area
Source of Business:
Corporate
Leisure
Commercial
Additional Links:
Login to viewLocation
| Country: | United States |
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| City: | Login to view |
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| State: | Ohio |
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| Postal Code: | Login to view |
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| APN/Parcel ID: | Login to view |
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| Location Type: | Login to view |
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Location Overview:
Brokers
Errol Anthony D'Souza, CHB
President, Principal Broker
Laurel Real Estate Company
Lauren D'Souza
Senior Associate
Laurel Real Estate Company
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