1 minute checked out CBRE Hotels February, 7 2024 81 Room Fairfield Inn & Suites and 72 Room TownePlace Suites in Northeast Ohio Listed for Sale CBRE Hotels is the special representative in connection with the solicitation of deals to get the fee-simple interest in the 81-room Fairfield Inn & Suites and the 72-room TownePlace Suites, positioned in Northeast Ohio. The owner will think about deals for one or both possessions, amounting to 153 spaces. The hotels are hassle-free to the crossway of 2 interstates, and approximately midway in between Chicago and New York City. The hotels are surrounded by numerous assistance services. The Fairfield Inn & Suites is a three-story hotel including complimentary breakfast, visitor laundry, complimentary Wi-Fi gain access to, physical fitness center, conference area, indoor swimming pool and a company. Guestrooms are geared up with flat-screen TVs, in-room work desk, optional whirlpool king suites, fridge and coffee machine. The TownePlace Suites is an all-suite, three-story hotel including complimentary breakfast, visitor laundry, complimentary Wi-Fi gain access to, physical fitness center, outside swimming pool and a company. Guestrooms are geared up with flat-screen TVs, a well-lit desk, a complete cooking area consisting of a fridge, microwave, stove/oven, dishwashing machine and coffee machine. The Fairfield Inn & Suites was integrated in 1998 and remodelled in between 2016-2019, with an overall expense of $1,868,681, or $23,070 per space. The Marriott brand name is a considerable motorist of space nights and will enable the hotel to control the marketplace as it increases from having spaces out of service throughout remodellings. The Townplace Suites was integrated in 2001 and was remodelled in between 2016-2019, with an overall expense of $1,023,017, or $14,209 per space. The functional performances that can be used by the double brand name operation of the Fairfield Inn & Suites and nearby TownePlace Suites will enable the buyer to optimize capital and return. The Fairfield Inn & Suites and TownePlace Suites combination preserves signboard exposure at the confluence of significant interstate paths. With a fresh PIP conclusion, its anticipated that Marriott will need a PIP for a brand-new purchaser to assist in a brand-new, predicted 15-year franchise term. A strong operator can considerably enhance profits and running efficiency compared to the present out-of-state owner/operator. For questions check out here.
81 Room Fairfield Inn & & Suites and 72 Room TownePlace Suites in Northeast Ohio Listed for Sale
