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Travelodge Cleveland Airport 14043 Brookpark Rd 120 Room Hotel Brook Park, OH 44142 $2,750,000 ($22,917/Room)
INVESTMENT HIGHLIGHTS
- Located less than 3 miles from Cleveland’s future NFL stadium and entertainment district.
- Renovation underway with completed third floor and active liquor license.
- Strong ADR performance with upside from occupancy growth.
- Shuttle service and free parking available for Cleveland Hopkins Airport.
- Adjacent parcel included for expansion or additional income.
EXECUTIVE SUMMARY
Positioned just 2.5 miles from both Cleveland Hopkins International Airport and the future Cleveland Browns NFL stadium, the Travelodge by Wyndham Cleveland Airport offers a compelling value-add investment opportunity. This 125-room, five-story hotel sits on a combined 2.72-acre site and includes an adjacent 0.58-acre parcel ideal for future development. With free parking, shuttle service to the airport, and proximity to major demand generators like the IX Center, NASA Glenn Research Center, and regional employers, the property is well-suited to capture both transient and corporate travel.
The hotel has averaged approximately $800,000 in annual room revenue over the past three years, despite occupancy rates hovering around 30%. Its ADR leads the competitive set, indicating pricing strength and upside potential. Renovations are underway, with the third floor completed and additional floors pending. The on-site restaurant and bar—equipped with active licenses—present further leasing and income opportunities. The current owner/operator is retiring, creating a prime opportunity for a hands-on investor to reposition the asset and capitalize on the rising demand from nearby infrastructure and entertainment developments.
The hotel has averaged approximately $800,000 in annual room revenue over the past three years, despite occupancy rates hovering around 30%. Its ADR leads the competitive set, indicating pricing strength and upside potential. Renovations are underway, with the third floor completed and additional floors pending. The on-site restaurant and bar—equipped with active licenses—present further leasing and income opportunities. The current owner/operator is retiring, creating a prime opportunity for a hands-on investor to reposition the asset and capitalize on the rising demand from nearby infrastructure and entertainment developments.
PROPERTY FACTS
| Price | $2,750,000 | Building Size | 65,205 SF |
| Price Per Room | $22,917 | No. Rooms | 120 |
| Sale Type | Investment | No. Stories | 5 |
| Property Type | Hospitality | Year Built/Renovated | 1965/2018 |
| Property Subtype | Hotel | Parking Ratio | 1.09/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 2.23 AC | ||
| Zoning | N/Av, Brookpark | ||
| Price | $2,750,000 |
| Price Per Room | $22,917 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.23 AC |
| Building Size | 65,205 SF |
| No. Rooms | 120 |
| No. Stories | 5 |
| Year Built/Renovated | 1965/2018 |
| Parking Ratio | 1.09/1,000 SF |
| Corridor | Interior |
| Zoning | N/Av, Brookpark |
AMENITIES
- Balcony
- Restaurant
- Shuttle Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 120 | $64.00 | - |
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PROPERTY TAXES
| Parcel Number | 344-06-006 | Improvements Assessment | $281,750 |
| Land Assessment | $130,200 | Total Assessment | $411,950 |
PROPERTY TAXES
Parcel Number
344-06-006
Land Assessment
$130,200
Improvements Assessment
$281,750
Total Assessment
$411,950
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Travelodge Cleveland Airport | 14043 Brookpark Rd
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