3775 Park East Dr | Beachwood, OH 44122
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3775 Park East Dr
Beachwood, OH 44122
Embassy Suites by Hilton Cleveland Beachwood · Hospitality Property For Sale · 187,425 SF
Investment Highlights
- Fee simple interest in the 216-room, institutionally owned and third-party managed Embassy Suites by Hilton Cleveland Beachwood, OH.
- Upper upscale, all-suite Hilton asset offered unencumbered by management or debt at a discount to replacement cost.
- Strong upside transitioning from institutional ownership and a national third-party operator to an investor with strong operating economies of scale.
- Property offered for sale in the October 2nd auction event via Ten- X.
- Ability to retain the Hilton flag for a new long-term license upon completing the change of ownership PIP.
- Opportunity to better position the asset amongst the competitive set upon completion of the PIP.
PROPERTY FACTS
| Sale Conditions | Auction Sale | Building Size | 187,425 SF |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1989/2013 |
| Building Class | B | Parking Ratio | 1.21/1,000 SF |
| Lot Size | 5.37 AC | Corridor | Interior |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.37 AC |
| Building Size | 187,425 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1989/2013 |
| Parking Ratio | 1.21/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- On-Site Retail
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,377,960 | |
| Land Assessment | $725,800 | Total Assessment | $4,103,760 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$725,800
Improvements Assessment
$3,377,960
Total Assessment
$4,103,760
zoning
| Zoning Code | U-9 (Commercial) |
| U-9 (Commercial) |
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