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10300 Cascade Xing
Brooklyn, OH 44144
ESA Cleveland Brooklyn · Hospitality Property For Sale · 45,738 SF

INVESTMENT HIGHLIGHTS

  • Fee simple interest in the institutionally owned and third-party managed 104-room Extended Stay America (ESA) Cleveland Brooklyn.
  • Ability to purchase any combination of eight assets, affording buyers the opportunity to capitalize on strong regional operating economies of scale.
  • Offered unencumbered of debt and management with the ability to retain the Extended Stay America brand for a new long-term license.
  • Available for individual sale as part of a larger eight-property portfolio in the October 4th Ten-X Auction Event.
  • Strong in-place performance with trailing-24-month year-over-year average RevPAR gains of +33%.
  • Product type with fully equipped kitchens is ideal for potential residential conversion or alternative use pending zoning and municipality approval.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.07 AC
Building Size 45,738 SF
No. Stories 3
Year Built/Renovated 1999/2005
Tenancy Single
Parking Ratio 2.54/1,000 SF
Corridor Interior
Zoning G-B

AMENITIES

  • Business Center
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

PROPERTY TAXES

  • Listing ID: 29208416

  • Date on Market: 8/7/2023

  • Last Updated:

  • Address: 10300 Cascade Xing, Brooklyn, OH 44144