Travelodge – Lakewood, OH

$1,950,000

About the Property

  • Units:
    42
  • Price ($):
    $1,950,000
  • Year built:
    1975
  • # Buildings:
    1 Building / 2 Stories
  • Year renovated:
    2021
  • Corridor:
    Interior
  • Building:
    Concrete
  • HVAC:
    Individual PTAC units
  • Parking:
    Surface
  • Roof:
    Flat, Rubber (7 years old)
  • Parcel Number(s):
    #312-11-015 / 312-11-016 (Cuyahoga)
  • Land Size:
    0.72 acres

Financial Information

Price per Room
$45,349
Revenue per Room
$13,259
Rev. Multiplier
3.5
Occupancy
44.3%
ADR
$80.05
RevPAR
$36.33