25050-2505 Sperry Dr | Westlake, OH 44145
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25050-2505 Sperry Dr
Westlake, OH 44145
REO Sales | Courtyard & TownePlace Suites · Hospitality Property For Sale · 125,634 SF
Investment Highlights
- Fee simple interest in the lender owned, third-party managed, 207-key Marriott Portfolio Hotel portfolio for sale in the August 10th auction event
- additional stable income attributed by the NNN retail gound leases, Carrabba's and Si Senor Tacos & Tequila Bar, totalling $229,454 on an annual basis
- Offered unencumbered by debt and management with the ability to retain the Marriott flags upon brand approval and completion of the PIPs
- The two hotels on the Property includes the adjacent 122-room Courtyard by Marriott and 85-room TownePlace Suites by Marriott Cleveland Westlake, OH
- strong operating synergies & economies of scale in owning adjacent Marriott hotels serving different sectors (upscale select-service & extended stay)
- Adjacent to and visible from Interstate-90 with over 100,000 vehicles passing the location daily
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1998 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.18 AC | Parking Ratio | 2.71/1,000 SF |
| Building Size | 125,634 SF | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.18 AC |
| Building Size | 125,634 SF |
| No. Stories | 3 |
| Year Built | 1998 |
| Tenancy | Single |
| Parking Ratio | 2.71/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Number | 213-08-018 | Improvements Assessment | $2,717,400 |
| Land Assessment | $1,220,100 | Total Assessment | $3,937,500 |
PROPERTY TAXES
Parcel Number
213-08-018
Land Assessment
$1,220,100
Improvements Assessment
$2,717,400
Total Assessment
$3,937,500
zoning
| Zoning Code | H/M, Westlake |
| H/M, Westlake |
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