Ohio Cleveland Middleburg Heights Branded Hotel For Sale - Business for Sale
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Branded Hotel with 106 Rooms in Middleburg Heights, OH
Middleburg Heights, OH, US
Added today
Hotel and Hospitality
Branded hotel with 106 rooms located in Middleburg Heights, OH, recently remodeled and reopened in November 2023 after a COVID-related closure.
Key Information
Asking
$4.3M
Revenue
–
Earnings
$1.6M
Multiple
2.8x
Key Highlights
- 106 total rooms, with only 41 rooms (Building A) operated by the seller
- Property reopened in November 2023 after being closed due to COVID and staffing issues
- Seller invested $800,000 in property remodeling, including a brand new roof ($150,000+)
- ADR has averaged around $60, with peak rates of $299 per night for special events
- Franchise-branded hotel
Contact Info
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