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Hotel-Motel

Days Inn Cleveland Lakewood

12019 Lake Ave, Lakewood, OH 44107

Listing Price: $3,000,000

Cap Rate
14.43%
Number of Rooms
66
RevPAR
$12
Gross SF
50,063
Price/Room
$45,455
Price/Gross SF
$59.92
Year Built
1951

Investment Overview

Marcus & Millichap is proud to exclusively offer the opportunity to acquire the Days Inn in Lakewood, Ohio. The hotel is offered fee simple unencumbered of debt and management at $3 million. The hotel has 66 interior corridor rooms with potential for additional 6 rooms expansion just 2 blocks from Lake Erie and 5 miles from Downtown Cleveland.

Investment Highlights

  • Potential multifamily conversion
  • 10 minutes to Downtown Cleveland
  • Consistent Revenues Over $1M For The Last 5 Years

Exclusively Listed By

Financing By

Hotel-Motel

Days Inn Cleveland Lakewood

Listing Price: $3,000,000

Cap Rate
14.43%
Number of Rooms
66
RevPAR
$12
Gross SF
50,063
Price/Room
$45,455
Price/Gross SF
$59.92
Year Built
1951

Investment Highlights

  • Potential multifamily conversion
  • 10 minutes to Downtown Cleveland
  • Consistent Revenues Over $1M For The Last 5 Years

Investment Overview

Marcus & Millichap is proud to exclusively offer the opportunity to acquire the Days Inn in Lakewood, Ohio. The hotel is offered fee simple unencumbered of debt and management at $3 million. The hotel has 66 interior corridor rooms with potential for additional 6 rooms expansion just 2 blocks from Lake Erie and 5 miles from Downtown Cleveland.

Exclusively Listed By

Financing By

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