7230 Engle Rd - Hospitality FOR SALE
Middleburg Heights, OH 44130 |
$14,500,000 USD
770-570-2197
7230 Engle Rd
Middleburg Heights, OH 44130
HIGHLIGHTS
- Located less than 3 miles from the Cleveland Hopkins International Airport.
- Property is Located Just off Interstate 71.
- Operated under the Crowne Plaza brand, part of the IHG group, ensuring strong marketing and operational support.
- Consistent occupancy driven by airport proximity and the hotel's business-friendly services.
- The hotel has 238 rooms with modern amenities, including free Wi-Fi, a fitness center, and an on-site restaurant and bar.
- Extensive meeting and event spaces, catering to business travelers and corporate events.
OVERVIEW
Sarhan Hotel Group is pleased to be the exclusive agent for the sale of the fee-simple interest in a Five-story interior corridor with a 238-rooms hotel, located at 7230 Engle Road, Middleburg Heights, OH-44130. It’s in a prime location that offers accessibility, vibrant surroundings & strategically situated just 2.9 miles from Cleveland Hopkins International Airport.
FOR SALE DETAILS
PRICE
$14,500,000 USD
PRICE/SF
$84 USD /SF
# OF ROOMS
238
PRICE/ROOM
$60,924 {currency}
CAP RATE
11.87%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Crowne Plaza Cleveland Airport
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
5
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1978
PARKING SPACES
454
LAND DETAILS
LAND ACRES
6.98 AC
LAND SF
304,048 SF
ZONING
MS
APN/PARCEL ID
373-03-007
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770-570-2197
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770-570-2197
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