6035 Enterprise Pky - Hospitality FOR SALE


Solon, OH 44139
$11,655,000 USD
248-798-0105
6035 Enterprise Pky, Solon, OH for Sale
$11,655,000 USD
Hospitality - FOR SALE
1/7
null | 8.43% Cap Rate

6035 Enterprise Pky
Solon, OH 44139


HIGHLIGHTS

  • Outperforming competitive set
  • In-place cash flow with additional upside
  • Highly desirable Hilton Brand affiliation
  • Unencumbered by management and debt, fee simple
  • No new supply

OVERVIEW

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 103-room Hampton Inn Cleveland Solon (the “Hotel” or “Property”). The Hotel enjoys a prime location in Solon, one of Cleveland's most prosperous suburbs and a leading business center in Ohio. Situated just 15 miles southeast of downtown Cleveland, the Hotel is strategically positioned within a 1.5-mile radius of major corporate headquarters, including Nestle USA and Swagelok, which collectively employ over 5,000 people in the area. This proximity ensures a steady flow of business travelers. Additionally, the Hotel is a mere five-minute drive from the Cleveland Clinic's Solon Family Health Center, catering to medical-related visitors. Its location near U.S. Route 422 provides convenient access to downtown Cleveland's attractions, world-class healthcare institutions, cultural venues, and major sports arenas. The Hotel's position in Solon's robust and diverse business ecosystem guarantees strong and consistent demand from both corporate and leisure travelers. This investment opportunity offers the acquisition of a premium branded property with exceptional revenue and NOI performance, and upside potential following the completion of a PIP. The Hotel has consistently outperformed its competitive set in recent years, demonstrating its strong market position. It benefits from its affiliation with the Hampton by Hilton brand, a top-ranked hotel franchise globally. Offered unencumbered by management and debt, this fee-simple hotel represents an attractive investment in one of Cleveland's most economically vibrant suburbs. The asset's prime location, coupled with Solon's ongoing economic expansion, positions it well for sustained growth and profitability in the coming years.

FOR SALE DETAILS

PRICE

$11,655,000 USD

PRICE/SF

$201 USD /SF

# OF ROOMS

103

PRICE/ROOM

$113,155 {currency}

CAP RATE

8.43%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton Inn Cleveland-Solon

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

103

LAND DETAILS

LAND ACRES

3.4 AC

LAND SF

148,104 SF

ZONING

C-5

APN/PARCEL ID

953-39-014

ASK ABOUT THIS PROPERTY

Phil WhiteJLLMore Info
248-798-0105

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Phil WhiteJLLMore Info
248-798-0105

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