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CBRE Awarded Listing Assignment for Marriott Cleveland Airport Hotel

  • Feb 11, 2020
  • Marketplace In The News - Hotel Business

The hotel will be going to auction Feb. 24-26 on the RealINSIGHT auction platform.

CBRE Awarded Listing Assignment for Marriott Cleveland Airport Hotel

CBRE has been awarded the listing assignment for the sale of the 372-room Marriott Cleveland Airport hotel. The hotel will be going to auction Feb. 24-26 on the RealInsight auction platform. The hotel was last renovated in 2008 and 2009 at a cost of nearly $20 million. Since 2012, additional improvements and maintenance has been completed.

The hotel has access to I-71 and airport/IX center location. There is an opportunity to terminate the Marriott management contract under satisfaction of certain conditions after acquisition, and the hotel can then be rebranded to an alternative flag.

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