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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 $20,915 Sold

910 Lorain Blvd.
Elyria, OH 44035

Residential
Property Photo
1/9

Sold

Sold for $20,915 on Feb 9, 2015

Description

SELLER FINANCING - Super 8 Cleveland/Elyria Seller Financing Available for Qualified Buyer The Super 8 Elyria/Cleveland is a 64-unit, 2-story, concrete construction motel, conveniently located along the Ohio Turnpike (I-80) at exit 145. The hotel is 30 minutes from downtown Cleveland and 20 minutes from Cleveland Hopkins International Airport. The area surrounding the hotel is a busy commercial area with industrial parks, restaurants, hotels, gas stations and other commercial businesses. The hotel is presently owned and operated by a management company that owns several other hotels in the area. This is an excellent opportunity for an owner-operator who can control expenses and improve operations and profitability.

Features

  • Acres: 2 acres
  • ADR: $56.01
  • Amenities: Outdoor Pool, Meeting Room, Kitchen
  • Corridors / Floors: Exterior / 2 Floors
  • No. Room: 64
  • Occupancy %: 26.65%
  • Price per Room: $14,062
  • RevPAR: $14.92
  • Rm Rev Multiplier: 2.5
  • Room Revenue: $348,711
  • Total Revenue: $359,462
  • Type: Limited Service
  • Year Built: 1975

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