ADR Signature Acquires Embassy Suites By Hilton Cleveland Beachwood Hotel For $10.2M | 3775 Park East Drive - Embassy Suites by Hilton Cleveland Beachwood Hotel | Hotel | Sale

Summary

Sale

OHIO

Hotel

A 216-room Embassy Suites by Hilton Cleveland Beachwood Hotel located at 3775 Park East Drive in Beachwood, OH has been sold for $10.2 million. The buyer, Andrey Gerega of ADR Signature, acquired the property from Barry Sternlicht of Starwood Capital Group.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $10,200,000
Address: 3775 Park East Drive, Beachwood, OH
Market: Beachwood, OH
Buyer: Andrey Gerega - ADR Signature
Seller: Barry Sternlicht - Starwood Capital Group

ADR Signature, represented by Andrey Gerega, has acquired the 216-room Embassy Suites by Hilton Cleveland Beachwood Hotel for $10.2 million from Barry Sternlicht and Starwood Capital Group.

Details

Deal Summary

SOLD

IMAGE: Barry Sternlicht DATE: 12/22/2023 ADDRESS: 3775 Park East Drive - Embassy Suites by Hilton Cleveland Beachwood Hotel MARKET: Beachwood, OH ASSET TYPE: Hotel BUYER: Andrey Gerega - ADR Signature SELLER: Barry Sternlicht - Starwood Capital Group SALE PRICE: $10,200,000 KEYS: 216 ~ PPK: $47,222 NOTE: ADR Signature has purchased the 216-room Embassy Suites by Hilton Cleveland Beachwood Hotel for $10.2 million. The Beachwood property, is located at 3775 Park East Drive.

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Address3775 Park East Drive - Embassy Suites by Hilton Cleveland Beachwood Hotel

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