11080 Concord Hambden Rd - Hospitality FOR SALE


Painesville, OH 44077- Quail Hollow
$350,000 USD
513-841-7000
11080 Concord Hambden Rd, Painesville, OH for Sale
$350,000 USD
Hospitality - FOR SALE
1/6
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11080 Concord Hambden Rd
Painesville, OH 44077
Quail Hollow


OVERVIEW

Court Appointed Receiver, Prodigy Properties, is pleased to present the opportunity to acquire the Quail Hollow Resort, a landmark hotel just south of Painesville OH. Located at 11080 Concord Hambden Rd., this three-story, full service hotel is immediately off I-90 and only 25 minutes from downtown Cleveland. The 168,918 SF hotel features 176 guest rooms, a restaurant, multiple bars, sauna, indoor and outdoor pool, fitness room, and ample meeting/banquet space. Situated on 12.55 acres, the hotel adjoins the Quail Hollow Country Club, a premier private club featuring two 18 hole courses, on over 700 wooded acres. The location provides easy access to many local amenities including the Cleveland Browns, Cavs, and Guardians, the Rock and Roll Hall of Fame, local wineries, Lake Erie recreational activities and much more. The hotel most recently was flagged by Wydnham's Trademark Collection but has been closed since the onset of COVID - 19. The property is being offered with a reserve price that is drastically below replacement cost and provides the new owner the opportunity to rebrand/reflag or redevelop. The sale also includes an adjacent 1.44 acre parcel for additional parking or future development. ?AERIAL 360 Virtual Tour (view below) Bidder Registration All prospective bidders must be pre-approved to bid. Prospective bidders wishing to be approved must: Submit Evidence of Financial Capability Submit bidder executed Purchase and Sale Agreement (View Below) Sign up and create an account at www.ForeclosureAuctions.com. (Link Below) Submit items above no later than March 10, 2025 @ 2pm. Auction Date / Times Auction Starts: Live Now Auction Ends: March 11, 2025 @ 2pm ET Sale Terms A 10% (ten percent) Buyer's Premium will be added to the highest acceptable bid to determine the final purchase price As-Is, Where-Is Sold free and clear of all liens Taxes are prorated of the day of closing Receiver will convey insurable title Financing contingencies are not permitted Due diligence contingencies are not permitted Tour Dates Email kurt@prodigyprop.com with questions or to schedule a tour. Receiver may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$2 USD /SF

# OF ROOMS

176

PRICE/ROOM

$1,989 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quail Hollow Resort, Trademark Collection

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1965

PARKING SPACES

420

LAND DETAILS

LAND ACRES

12.55 AC

LAND SF

546,678 SF

ZONING

R-1

APN/PARCEL ID

08-A-018-A-00-103

ASK ABOUT THIS PROPERTY

Jeff LaneProdigy PropertiesMore Info
513-841-7000

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Jeff LaneProdigy PropertiesMore Info
513-841-7000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.