25050-2505 Sperry Dr - Hospitality FOR SALE
Westlake, OH 44145 |
25050-2505 Sperry Dr
Westlake, OH 44145
HIGHLIGHTS
- Fee simple interest in the lender owned, third-party managed, 207-key Marriott Portfolio Hotel portfolio for sale in the August 10th auction event
- The two hotels on the Property includes the adjacent 122-room Courtyard by Marriott and 85-room TownePlace Suites by Marriott Cleveland Westlake, OH
- additional stable income attributed by the NNN retail gound leases, Carrabba's and Si Senor Tacos & Tequila Bar, totalling $229,454 on an annual basis
- strong operating synergies & economies of scale in owning adjacent Marriott hotels serving different sectors (upscale select-service & extended stay)
- Offered unencumbered by debt and management with the ability to retain the Marriott flags upon brand approval and completion of the PIPs
- Adjacent to and visible from Interstate-90 with over 100,000 vehicles passing the location daily
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
REO Sales | Courtyard & TownePlace Suites
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
91500
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1998
PARKING SPACES
123
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
H/M, Westlake
APN/PARCEL ID
213-08-018
