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25050 Towneplace Suites Sperry Dr Westlake, OH

For Sale
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207-room hotel portfolio in Westlake, Ohio for sale.

Source: Joseph Cuomo Agent Joseph Cuomo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Marriott Cleveland Westlake Hotel Portfolio

The offering includes the fee simple interest in a 207-room Marriott Cleveland Westlake hotel portfolio, comprising a 122-room Courtyard and an adjacent 85-room TownePlace Suites. The properties are available for purchase through a receivership sale in an auction event. Offered unencumbered by debt and management, the receiver was appointed in February 2025. The properties are available for relicensing under varying terms with their existing Marriott flags. Prospective investors will benefit from retail lease income across two restaurant sites included in the sale. Strong operational upside exists in moving from receiver management to a regional owner-operator who can drive efficiencies and performance gains. Cleveland Hopkins International Airport served over 10 million passengers in 2024, marking its highest annual total since 2008. A $1.6 billion multi-phase renovation of Cleveland Hopkins International Airport is currently in planning to accommodate rising demand and future passenger growth.
Location Intelligence

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Hotels

Map

City
Westlake
County
Cuyahoga
State
Ohio
Longitude
-81.921936
Latitude
41.444895

FAQs

What type of property is this?
Hotel - 207-room hotel portfolio in Westlake, Ohio for sale.
Where is this hotel located?
The property is located at 25050 Towneplace Suites Sperry Dr Westlake, OH.
What are key features of this property?
This property features: - Unencumbered by debt and management, offering immediate operational control.; - Substantial discount to replacement cost, representing a significant investment opportunity.; - Strong operational upside by transitioning from receiver management to a regional owner-operator.
More about this property
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