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14043 Brookpark Road

Brook Park, OH 44142
  • $2,990,000
  • STATUS: Active
  • ON SITE: 156 Days
  • MLS #: 5011797
UPDATED: 115 min ago
$2,990,000
  • 0
    BEDS
  • 2.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

School District:

Description

"Tremendous value-add opportunity. 125 room Travelodge with shuttle to CLE Airport. 3 year (post COVID) average annual room revenue of $800k. ADR is the highest among the comp-set. Excellent opportunity for active ownership/management to increase occupancy and grow business. Rooftop antenna brings $1100 per month. Property has an on-site restaurant and bar with active D5, D6 liquor license and food license. Restaurant has been closed since 2020 and needs good cleanout and a refresh. Was leased at ~$40k per year prior to COVID. Total land is ~2.6 acres which includes the adjacent parcel. Multiple uses possible, buyer to check for permitted uses. Located right off I-480, Travelodge by Wyndham, Cleveland Airport ("Hotel") is uniquely positioned to serve corporate and leisure travelers alike. This 5-story hotel is strategically located within minutes of a diverse mix of sports arenas, medical facilities, manufacturing and tourist attractions. Cleveland Hopkins International Airport is less than 5 minutes away and funnels 10 million passengers annually, making it Ohio's busiest airport. With free parking and shuttle to CLE airport, the hotel is an excellent choice for budget accommodation."

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www.clevelandhomefinder.com/homes/146706281
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14043 Brookpark Road Brook Park, OH 44142

  • Price: $2,990,000
  • Status: Active
  • On Site: 156 Days
  • Updated: 115 min ago
  • MLS #: 5011797
0
Beds
0
Baths
0
½ Baths
2.13
Acres
1965
Built
County:
Cuyahoga
Area:
Brook Park
School District:
Cleveland Municipal - 1809
Property Description
"Tremendous value-add opportunity. 125 room Travelodge with shuttle to CLE Airport. 3 year (post COVID) average annual room revenue of $800k. ADR is the highest among the comp-set. Excellent opportunity for active ownership/management to increase occupancy and grow business. Rooftop antenna brings $1100 per month. Property has an on-site restaurant and bar with active D5, D6 liquor license and food license. Restaurant has been closed since 2020 and needs good cleanout and a refresh. Was leased at ~$40k per year prior to COVID. Total land is ~2.6 acres which includes the adjacent parcel. Multiple uses possible, buyer to check for permitted uses. Located right off I-480, Travelodge by Wyndham, Cleveland Airport ("Hotel") is uniquely positioned to serve corporate and leisure travelers alike. This 5-story hotel is strategically located within minutes of a diverse mix of sports arenas, medical facilities, manufacturing and tourist attractions. Cleveland Hopkins International Airport is less than 5 minutes away and funnels 10 million passengers annually, making it Ohio's busiest airport. With free parking and shuttle to CLE airport, the hotel is an excellent choice for budget accommodation."
Exterior Features

Attached Garage YN No Waterfront YN No

Interior Features

Basement YN Yes Building Area Total 68581 Heating Other Main Level Bathrooms 0

Property Features

Listing Terms Cash Conventional Property Sub Type Hotel Motel Special Listing Conditions Standard Tax Annual Amount 35856 Township Brook Park

 
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