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301 Broadway
Lorain, OH 44052

$4,100,000 USD

Hotel For Sale  •  60,899 SF

Property Details

  • Property Type Hotel
  • Total Building Size 60,899 SF
  • Lot Size 1.14 AC
  • Building Class B
  • Year Built 1926
  • Tenancy Multiple
  • Zoning Comm
40 Walk Score

Highlights

Absentee, non-hotelier ownership
Revenue up 40% YTD & OCC at just 40% of comp set — indicating major upside
Multiple branding opportunities (soft-brand affiliation or independent boutique positioning)
Steps from Lake Erie, with a one-of-a-kind rooftop event space and a 4,585 SF Lakeview event room, both overlooking the lake
Two restaurant spaces previously leased to local operators are available to re-lease
Federal Opportunity Zone designation

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • On-Site Retail
  • High Speed Internet Access
  • On-Site Bar
  • Boutique/Lifestyle Hotel
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

Public Transportation

AirportDriveWalkDistance
Cleveland-Hopkins International 38 min - 21.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 71
Type: Surface
Included in Rent: Yes
Ted Holmes 405-810-1414 HotelBrokerOne
Ted Holmes 405-810-1414 HotelBrokerOne