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Hotel-Motel

Travelodge Cleveland Lakewood

11837 Edgewater Dr, Lakewood, OH 44107

Listing Price: $1,650,000

Cap Rate
12.48%
Number of Rooms
43
RevPAR
$20
Gross SF
27,600
Price/Room
$38,372
Price/Gross SF
$59.78
Year Built
1975

Investment Overview

Marcus & Millichap is proud to exclusively offer the opportunity to acquire the Travelodge in Lakewood, Ohio. The hotel is offered fee simple unencumbered of debt and management at $1,650,000. The hotel has 43 interior corridor rooms just 2 blocks from Lake Erie and 5 miles from Downtown Cleveland.

Investment Highlights

  • Potential multifamily conversion
  • 10 minutes to Downtown Cleveland
  • Located in the highly desirable in-fill Lakewood suburb

Exclusively Listed By

Financing By

Hotel-Motel

Travelodge Cleveland Lakewood

Listing Price: $1,650,000

Cap Rate
12.48%
Number of Rooms
43
RevPAR
$20
Gross SF
27,600
Price/Room
$38,372
Price/Gross SF
$59.78
Year Built
1975

Investment Highlights

  • Potential multifamily conversion
  • 10 minutes to Downtown Cleveland
  • Located in the highly desirable in-fill Lakewood suburb

Investment Overview

Marcus & Millichap is proud to exclusively offer the opportunity to acquire the Travelodge in Lakewood, Ohio. The hotel is offered fee simple unencumbered of debt and management at $1,650,000. The hotel has 43 interior corridor rooms just 2 blocks from Lake Erie and 5 miles from Downtown Cleveland.

Exclusively Listed By

Financing By

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