Hospitality
Cuyahoga County, OH
Financial summary
Comparable pricing
Limited comparables for this listing. No reliable benchmark yet.
Methodology refines over time.
SBA financeability
Businesses in accommodation are commonly SBA-financed. The figures below are the industry-category norm from SBA 7(a)/504 lending, a gauge of how financeable a deal like this tends to be.
Accommodation benchmarks
Typical SBA leverage
76%
Industry charge-off
0.2%
Common term
25 yr
Median loan
$2,010,000
Active lenders in this category: GBank, Readycap Lending, LLC, Peoples Bank.
Based on 6,430 SBA loans · source: SBA 7(a)/504 FOIA, as of 2026Q1 · industry-category level.
Detailed information
Linked page lives on the broker site, not on OpenAcquisitions.
Key points
Business description
$4,350,000 for Ohio, Cleveland, Middleburg Heights, Branded Hotel Business & Property. The hotel is trending to do $1.55 million this year. Star reports are available upon request for qualified buyers with an NDA in place. As a previous brand, the hotel averaged $1.2 million in revenue before being remodeled. The property just reopened in November '23. It had been closed due to COVID & difficulty finding staff. There are 106 rooms total. The seller operated only 41 of 106 rooms (Building A). The seller has invested $800,000 into property remodeling. The property is thoroughly PIP'd (Property Improvement Plan). The ADR has been averaging around $60. However, the hotel booked 106 rooms at $299 per night for the Women's Final Four. The seller kept Building B closed during the winter months. Some of the $800,000 in capital improvements include remodeling every single room in the property, except for 15 – 18 rooms, at $5k/room. Roof – brand new on both buildings, $150k+. 80% of PTAC units are new, and the common maintenance areas have been updated. The seller is selling because he lives out of state & the hotel is several hours from his home. Great Location in an upscale area of Cleveland, minutes from the Airport and proximity to major highways. This property can be converted to apartment units. Bank financing is possible. Profitable operation. Seller is motivated and willing to make the right deal with the right owner-operator. Please “do not disturb the employees”.
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