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Hotel-Motel

Crowne Plaza Cleveland Airport

7230 Engle Rd, Middleburg Heights, OH 44130

Listing Price: Request For Offer

Number of Rooms
238
RevPAR
$52
Gross SF
304,048
Year Built
1978

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 238 room Crowne Plaza Cleveland Airport located in Middleburg Heights, Ohio, a suburb of Cleveland. The Crowne Plaza Cleveland Airport is a 1978-build, 5-story property located near Interstate 71, providing ease of access for commerce and tourism. Crowne Plaza Cleveland Airport provides the opportunity for a new owner to acquire a 200-plus room hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the IHG name, reservation system, and loyal base of guests.

Investment Highlights

  • Complete Renovation in 2008 at Cost of $9,000,000
  • Renovated Again in 2016 at Cost of $3,000,000
  • Minimal Upcoming PIP Expected

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Hotel-Motel

Crowne Plaza Cleveland Airport

Listing Price: Request For Offer

Number of Rooms
238
RevPAR
$52
Gross SF
304,048
Year Built
1978

Investment Highlights

  • Complete Renovation in 2008 at Cost of $9,000,000
  • Renovated Again in 2016 at Cost of $3,000,000
  • Minimal Upcoming PIP Expected

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 238 room Crowne Plaza Cleveland Airport located in Middleburg Heights, Ohio, a suburb of Cleveland. The Crowne Plaza Cleveland Airport is a 1978-build, 5-story property located near Interstate 71, providing ease of access for commerce and tourism. Crowne Plaza Cleveland Airport provides the opportunity for a new owner to acquire a 200-plus room hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the IHG name, reservation system, and loyal base of guests.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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