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Errol D'Souza
Laurel Real Estate Co. 

P.O. Box 284 
Galena, OH 43021-0284
Office: 740-965-1966
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Sold for $92,217 Recently Sold

6625 Dean Memorial Parkway
Hudson, OH 44236

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Sold for $92,217 on Sep 22, 2017


Clarion Inn * 239 units Turnaround Opportunity * Room Revenue $2,377,894 * Priceonly t 1.8 times revenue * Priced at only 1.8 times room revenue * Negative NOI Hotel is losing money * Payroll Expenses: $1,718,816 (very high with room for reduction) * Located along Interstate I-80 and only 30 miles from downtown Cleveland * Growing area new Costco just opened across the street, Bass Pro Shops announced coming soon * Owned by an IT company from India, being operated with remote management * Motivated seller looking for a quick sale * The room revenue is $2.3 million but the hotel is losing money (Negative NOI) due to very high expenses. The ideal buyer will be an experienced hotel operator who can see the opportunity to improve the NOI by reducing expenses.


  • Acres: 8.24 acres
  • ADR: $46.37
  • Amenities: Grand Ballroom, Meeting Rooms, Restaurant, Bar/Lounge, Indoor Pool
  • Corridors / Floors: Interior / 2 Floors
  • No. Rooms: 239
  • Occupancy: 62%
  • Price per Room: $18,828
  • RevPAR: $58.6%
  • Rm Rev Multiplier: 1.8
  • Room Revenue: $2,377,894
  • Total Revenue: $3,245,087
  • Type: Full Service
  • Year Built: 1967

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