Ariel Broadway Hotel is a 56-room boutique hotel directly across from Lake Erie in Lorain, Ohio, with a one-of-a-kind rooftop event space, a 4,585 SF Lakeview event room, and two ground-floor restaurant spaces previously leased to local operators that are available to re-lease. The property has been owned and managed by a non-hotelier with occupancy running significantly below the market. Revenue is up 40% year-to-date through April 2026 with some minor corrections with revenue management. For an owner-operator, there is significant upside potential with multiple revenue channels: leasing the two restaurants back to operators, and potential brand affiliation and stronger sales and oversight. The property sits within a Federal Opportunity Zone, with a 50-acre lakefront redevelopment, new amphitheater, and additional entertainment venues opening adjacent to the hotel in 2026. • Absentee, non-hotelier ownership • Revenue up 40% YTD • Occupancy at just 40% of comp set — indicating major upside • Steps from Lake Erie, with a one-of-a-kind rooftop event space and a 4,585 SF Lakeview event room • Two restaurant spaces previously leased to local operators are available to re-lease • Multiple branding opportunities (soft-brand affiliation or independent boutique positioning) • Federal Opportunity Zone designation • Centennial year in 2026, with major lakefront redevelopment, a new amphitheater, and a go-kart facility opening nearby Please do not contact the property directly. For more information and to schedule a tour, contact Ted Holmes after signing a CA. In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946 Scott Reid, OH - BRKP.2020001224 Broker of Record ParaSell, Inc. Ted Holmes, OK - #155078 Listing Broker HotelBrokerOne Bruce Holmes, OK - #071875 Listing Broker HotelBrokerOne