Laurel Real Estate Co. Represents Seller in Sale of Holiday Inn Cleveland Northeast - Mentor

Laurel Real Estate Co., a boutique commercial real estate brokerage and member of Hotel Brokers International, announced the successful sale of the Holiday Inn Cleveland Northeast – Mentor, where the firm represented the seller. The property was acquired by a new ownership group that plans to continue operating the hotel.

“This was a particularly complex transaction that required a high level of coordination among everyone involved," said Lauren D'Souza-Faze, Vice President of Laurel Real Estate Co. "From the buyer and seller to the lender, title companies, attorneys, and everyone else involved, it was truly a collaborative effort. We're grateful for the professionalism and commitment of everyone who worked together to bring the deal across the finish line."

The Holiday Inn Cleveland Northeast – Mentor is located along the Interstate 90 corridor approximately 25 miles northeast of downtown Cleveland. Mentor is home to more than 1,700 businesses employing over 59,000 people and is one of Northeast Ohio's leading centers for advanced manufacturing, with companies including STERIS and Avery Dennison among its major employers. The area also benefits from regional healthcare activity and year-round leisure travel generated by Lake Erie, Headlands Beach State Park, and other Lake County attractions. Those diverse demand generators continue to make the market an attractive destination for hospitality investment.

"The Mentor lodging market is attractive because it isn't dependent on any single source of demand," said Errol D'Souza, President of Laurel Real Estate Co. "Business travelers, healthcare-related travel, advanced manufacturing, and leisure visitors all contribute to the market's performance, creating balanced demand that appeals to hospitality investors."

As a member of Hotel Brokers International (HBI), Laurel Real Estate Co. provides clients with national marketing exposure and access to a worldwide network of hospitality real estate professionals and qualified hotel investors.

Laurel Real Estate Co. represented the seller in the transaction. Terms of the sale were not disclosed. The firm wishes both the buyer and seller continued success.

About Laurel Real Estate Co.

Laurel Real Estate Co. is an Ohio-based hotel brokerage and advisory firm specializing exclusively in hospitality real estate throughout the Midwest. The firm provides valuation, acquisition, disposition, and advisory services to hotel owners and investors and is a member of Hotel Brokers International (HBI), a worldwide network of hospitality real estate professionals. To view active listings and inquire about selling your hotel, please visit www.laurelhotelbrokers.com.

About Hotel Brokers International

Established in 1959, Hotel Brokers International (HBI) is the premier network of hotel brokerage specialists, delivering industry insights, transactional support, and professional development to its members. In addition to brokerage services, HBI offers affiliate memberships to professionals in franchising, lending, appraisals, and investment services, fostering a strong network of hospitality industry experts. To learn more about becoming an HBI broker or affiliate member, visit www.hbihotels.com.

Direct inquiries to:  Lauren D'Souza-Faze, Vice President, Laurel Real Estate Co. 380.799.6608 | lauren.dsouza@laurelsales.com