Residence Inn Cleveland Independence — Sale in Independence, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Independence, OH 44131
  • Year built: 1995

Photos

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Description

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, is pleased to offer for sale a fee‑simple interest in the 118‑room Residence Inn Cleveland Independence (the “Residence Inn” or “Hotel”), a premium‑branded, extended‑stay hotel located in Cleveland’s leading suburban office submarket. Independence, widely recognized as Cleveland’s “second downtown,” represents Northeast Ohio’s most concentrated suburban corporate employment base. Positioned along the Rockside Road business corridor, the Residence Inn is surrounded by millions of square feet of office space and an impressive roster of employers, including the CBIZ headquarters, Safeguard Properties, and several Cleveland Clinic–affiliated operations, among others. In addition to its corporate orientation, the Hotel’s central location places guests within a short drive of Downtown Cleveland’s office market, professional sports venues, cultural institutions, and entertainment offerings, enhancing its appeal to a broad mix of travelers. As RevPAR performance at the Hotel has softened recently due to an aging design package, the Residence Inn offers a clear path for a new owner to execute a comprehensive refresh that elevates the guest experience and accelerates topline growth. Jon Vanderplough: OH BRKP.2025003584

Market Context

This hospitality in Independence, OH is listed for sale. The building dates to 1995. Compare it against other hospitality listings for sale in Independence, OH — view the full market.

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