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:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Limited Service
Chain / Market Scale: Economy
Additional Property Type: Motel
Brand: Travelodge
Corridor: Interior
Keys: 42
Room SF: 288
Building Status: Existing
No. of buildings: 1
Stories: 2
Building size(SF): 15000
Site size: 0.72 AC
Sprinklers: None
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:

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


Lauren D'Souza

Senior Associate
Laurel Real Estate Company


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