SpringHill Suites - Independence, OH

$19,000,000

About the Property

  • Year built 2016   Units 121
    Buildings / Stories

    1 Building

    4 Stories

      Corridor Interior
    Building Concrete   HVAC Individual units
    Roof Flat, rubber   Parcel #561-22-014 (Cuyahoga County)
    Land size 2.466 acres    

     

Financial Highlights

  • Room Revenue $4,706,765   Occupancy 71.8%
    F&B + Other Revenue $192,350   ADR $148.44
    Total Revenue $4,899,115   RevPAR $106.51
    2023 NOI $2,204,523   Capitalization Rate 11% 
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Amenities

  • Breakfast Area
  • Conference Rooms

Onsite Bar

  • Exercise Room

Indoor Pool

 ✔ Patio/Fire Pit

     

Exclusively Represented By

Laurel Real Estate Co.

Lauren D'Souza

Vice President, Hotel Sales

(380) 799-6608

lauren.dsouza@laurelsales.com

Contact Us

info@laurelsales.com
PO Box 284
Galena, OH 43021
+1 (740) 965-1966
BESbswy