14043 BROOKPARK RD Brook Park OH 44142-1702

Tremendous value-add opportunity. 125 room Travelodge with shuttle to CLE Airport. 3 year (post COVID) average annual room revenue of $800k. ADR is the highest among the comp-set. Excellent opportunity for active ownership/management to increase occupancy and grow business.

Rooftop antenna brings $1100 per month. Property has an on-site restaurant and bar with active D5, D6 liquor license and food license. Restaurant has been closed since 2020 and needs good cleanout and a refresh. Was leased at ~$40k per year prior to COVID.

Total land is ~2.6 acres which includes the adjacent parcel. Multiple uses possible, buyer to check for permitted uses.

Located right off I-480, Travelodge by Wyndham, Cleveland Airport (“Hotel”) is uniquely positioned to serve corporate and leisure travelers alike. This 5-story hotel is strategically located within minutes of a diverse mix of sports arenas, medical facilities, manufacturing and tourist attractions. Cleveland Hopkins International Airport is less than 5 minutes away and funnels 10 million passengers annually, making it Ohio’s busiest airport. With free parking and shuttle to CLE airport, the hotel is an excellent choice for budget accommodation.

• 125 rooms on 5 floors, free parking with CLE airport shuttle

• Franchise agreement, expiring in 2029

• Additional income via rooftop antenna (contract expiring in 2035, 5% rent increase each year)

• Upside by leasing the on-site bar and restaurant with active liquor license

• Value add opportunity after completion of current PIP; 3rd floor complete, 2nd floor in progress, 4th and 5th floor pending

• Adjacent 0.58 acre lot included in sale to build additional income

• Tremendous upside from active management – current owner/operator slowed down recently due to health concerns and retiring

• Significant potential for growth with completion of renovations

• Recently reduced supply for CLE airport hotels boosts demand