INVESTMENT HIGHLIGHTS
• 132 unit property offered fee-simple and unencumbered of management. Property offers multiple amenities including leased on-site restaurant, four meeting rooms, and two banquet halls.
• Partial renovation completed in 2021, encompassing ballrooms, hallways, meeting space, public restrooms, restaurants, and exterior water lines. Roof was replaced in 2023 and includes 10-year transferable warranty.
• Strong revenue and cash flow: property generated $4,233,263 in trailing-12 month room revenue (July 2025). July 2025 YTD P&L (7 months) reflects Net Operating Income of $941,026.
• Growth potential: property is ranked 6 of 6 (ADR) and 4 of 6 (RevPAR) in competitive set. Opportunity exists to maximize revenue by increasing ADR.

MARKET HIGHLIGHTS
• Located in the fast-growing Cleveland metropolitan area. Property is well-positioned to capture increased traffic to Cuyahoga County – total visits to Cuyahoga County increased 12% from 2021 to 2022, outpacing US
domestic (11%) and Ohio (6%) visitation growth over the same period.
• Located in the Mentor submarket, which is home to several corporate headquarters including Lake Health, Steris Corporation, and Avery Dennison.

Highlights:

Room Inventory Description:

Address: 7701 Reynolds Road, Mentor, OH 44060
Room Count: 132
Year Built: 1973
Buildings: 1 building
Stories: 4 stories
Parcel Size: 6.0252 acres
Construction: Concrete
HVAC: Individual PTAC units
Roof: Flat (installed 2023)
Elevators: 3
Fire Safety: Wet sprinklers
Amenities: Indoor pool, exercise room, on-site restaurant (leased), banquet halls (2), meeting rooms (4)

Common area amenities:

Source of Business:

Additional Links: