Investment Overview

Marcus & Millichap is pleased to offer the fee simple interest in the Staybridge Suites, a 123-suite extended-stay hotel located in one of the most robust commercial corridors of Greater Cleveland. The property, accessible via I-271, is strategically located just 20 minutes east of downtown Cleveland, adjacent to Beachwood and University Circle; and serves as a central lodging option for the area’s diverse corporate, healthcare, and leisure demand. The Staybridge Suites offers an all-suite property featuring accommodations with full kitchens, modern furnishings, and flexible living spaces. Amenities include complimentary hot breakfast, evening social receptions, an outdoor pool and patio, and on-site fitness and laundry facilities. The hotel draws steady demand from nearby corporate anchors including Progressive Insurance’s national headquarters, Philips Healthcare, Canon Medical, and University Hospitals, while its immediate proximity to Landerhaven Event Center provides a consistent flow of group, wedding, and banquet business throughout the year. Additional demand stems from the nearby Beachwood and Mayfield Village submarkets, home to high-end retail at Legacy Village and Beachwood Place, as well as a concentration of Class A office space and healthcare facilities.