SpringHill Suites Cleveland * Revenue $5M+ * CAP 9.6%

Ohio, United States

$19000000

Sale conditions: Market

Snapshot

Active

Type: Hotel
Sub Type: Full Service
Chain / Market Scale: Upscale
Brand: Springhill Suites
Corridor: Interior
No. of Keys: 121
Site Size: 2.466 AC

• 121 units with interior corridors
• All units are oversized and include a pull-out sofa and a kitchenette with microwave and refrigerator
• Ample amenities including indoor pool, fitness center, conference room, onsite bar, patio & fire pit, and more
• Low-risk investment opportunity: property is consistently ranked at top of competitive set for occupancy, ADR, and RevPAR
• 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

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Full Service
Chain / Market Scale: Upscale
Brand: Springhill Suites
Corridor: Interior
Keys: 121
No. of buildings: 1
Stories: 4
Site size: 2.466 AC
Meeting Space: 2 Rooms
Sprinklers: Wet
Parking Type: Surface
Parking Spaces: 140
Construction Type: Reinforced Concrete
Year Build: 2016
Room Inventory Description:

Address: 6060 Rockside Place Independence, OH 44131
Room Count: 121
Year Built: 2016
Buildings & Floors: 1 Building, 4 Stories
Amenities: Fitness center, indoor pool, conference room, on-site bar, patio & fire pit
Parcel Size: 2.466 acres
Framing: Steel and Concrete
Roof: Flat, rubber
HVAC: Individual units
Elevators: 2
Fire Safety: Wet sprinklers

Common area amenities:

Business Center

High Speed Internet

Breakfast Area

Whirlpool

Exercise Room

Indoor Pool

Lounge

Source of Business:

Corporate

Commercial

Additional Links:

Location


Country: United States
State: Ohio
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

3rd Party Website



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-Faze

Vice President, Hotel Sales
Laurel Real Estate Company


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