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Former Double Tree Hotel 3660 Park East Dr 404 Room Hotel Beachwood, OH 44122 For Sale
EXECUTIVE SUMMARY
Situated on 9.98 acres in the highly desired Beachwood, Ohio community, this site is the former Beachwood DoubleTree. The property is zoned U4-C, a newly classified zoning district in the City of Beachwood that allows multifamily, office, retail, hospitality, medical, and additional uses. The site benefits from exceptional exposure with over 156,000 vehicles per day on I-271, and the City of Beachwood is open to tax incentives and other development subsidies based on the final project.
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 404 |
| Property Type | Hospitality | No. Stories | 7 |
| Property Subtype | Hotel | Year Built | 1977 |
| Building Class | B | Parking Ratio | 2.9/1,000 SF |
| Lot Size | 10.00 AC | Corridor | Interior |
| Building Size | 244,207 SF | ||
| Zoning | U-9 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 10.00 AC |
| Building Size | 244,207 SF |
| No. Rooms | 404 |
| No. Stories | 7 |
| Year Built | 1977 |
| Parking Ratio | 2.9/1,000 SF |
| Corridor | Interior |
| Zoning | U-9 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- On-Site Retail
- On-Site Bar
- Meeting Event Space
- Digital key
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 8 | $184.00 | - |
| Guest Room | 396 | $161.00 | - |
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PROPERTY TAXES
| Parcel Number | 742-29-017 | Improvements Assessment | $2,051,315 |
| Land Assessment | $2,283,085 | Total Assessment | $4,334,400 |
PROPERTY TAXES
Parcel Number
742-29-017
Land Assessment
$2,283,085
Improvements Assessment
$2,051,315
Total Assessment
$4,334,400
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Former Double Tree Hotel | 3660 Park East Dr
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