Crowne Plaza Cleveland Airport | 7230 Engle Rd
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Crowne Plaza Cleveland Airport 7230 Engle Rd
238 Room Hotel Middleburg Heights, OH 44130 £11,455,145 (£48,131/Room) 11.87% Net Initial Yield
Investment Highlights
- Located less than 3 miles from the Cleveland Hopkins International Airport.
- Operated under the Crowne Plaza brand, part of the IHG group, ensuring strong marketing and operational support.
- The hotel has 238 rooms with modern amenities, including free Wi-Fi, a fitness center, and an on-site restaurant and bar.
- Property is Located Just off Interstate 71.
- Consistent occupancy driven by airport proximity and the hotel's business-friendly services.
- Extensive meeting and event spaces, catering to business travelers and corporate events.
Executive Summary
Sarhan Hotel Group is pleased to be the exclusive agent for the sale of the fee-simple interest in a Five-story interior corridor with a 238-rooms hotel, located at 7230 Engle Road, Middleburg Heights, OH-44130. It’s in a prime location that offers accessibility, vibrant surroundings & strategically situated just 2.9 miles from Cleveland Hopkins International Airport.
Property Facts
| Price | £11,455,145 | Lot Size | 6.98 AC |
| Price Per Room | £48,131 | Building Size | 172,450 SF |
| Sale Type | Investment | No. Rooms | 238 |
| Net Initial Yield | 11.87% | Number of Floors | 5 |
| Property Type | Hospitality | Year Built/Renovated | 1978/2018 |
| Property Subtype | Hotel | Parking Ratio | 2.63/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | £11,455,145 |
| Price Per Room | £48,131 |
| Sale Type | Investment |
| Net Initial Yield | 11.87% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 6.98 AC |
| Building Size | 172,450 SF |
| No. Rooms | 238 |
| Number of Floors | 5 |
| Year Built/Renovated | 1978/2018 |
| Parking Ratio | 2.63/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | £304.94 | - |
| Guest Room | 237 | £118.50 | - |
PROPERTY TAXES
| Parcel Number | 373-03-007 | Improvements Assessment | £1,100,318 |
| Land Assessment | £350,140 | Total Assessment | £1,450,458 |
PROPERTY TAXES
Parcel Number
373-03-007
Land Assessment
£350,140
Improvements Assessment
£1,100,318
Total Assessment
£1,450,458
zoning
| Zoning Code | MS (Heavy Manufacturing District) |
| MS (Heavy Manufacturing District) |
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Ntxhi Song -
Sarhan Mhenni -
Keller Williams Realty
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Crowne Plaza Cleveland Airport | 7230 Engle Rd
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