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Hotel-Motel

Ramada Cleveland Independence

5300 Rockside Rd, Independence, OH 44131

Listing Price: Request For Offer

Number of Rooms
178
RevPAR
$52
Gross SF
284,446
Year Built
1974

Investment Overview

Marcus & Millichap is proud to present the Ramada in Independence, Ohio. The hotel has 178 interior corridor rooms and is located at the crossroads of 77 and Interstate 480, just 13 minutes from Downtown Cleveland. The property is a 5-story interior corridor full service hotel, and was recently converted to a Ramada from a Crowne Plaza. The hotel while zoned hotel use is a great candidate for an Independent or Senior Living Conversion due to its economical price per key, strategic location and desirable neighborhood.

Investment Highlights

  • Potential Delta By Marriott Conversion
  • Recent $1M In Renovations, Minimal PIP
  • Potential For Independent Or Senior Housing Conversion

Exclusively Listed By

Financing By

Hotel-Motel

Ramada Cleveland Independence

Listing Price: Request For Offer

Number of Rooms
178
RevPAR
$52
Gross SF
284,446
Year Built
1974

Investment Highlights

  • Potential Delta By Marriott Conversion
  • Recent $1M In Renovations, Minimal PIP
  • Potential For Independent Or Senior Housing Conversion

Investment Overview

Marcus & Millichap is proud to present the Ramada in Independence, Ohio. The hotel has 178 interior corridor rooms and is located at the crossroads of 77 and Interstate 480, just 13 minutes from Downtown Cleveland. The property is a 5-story interior corridor full service hotel, and was recently converted to a Ramada from a Crowne Plaza. The hotel while zoned hotel use is a great candidate for an Independent or Senior Living Conversion due to its economical price per key, strategic location and desirable neighborhood.

Exclusively Listed By

Financing By

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