HREC advises sale of Sheraton Cleveland Airport Hotel

HREC Investment Advisors arranged the sale of the 242-room Sheraton Cleveland Airport Hotel located in Cleveland, Ohio. Ted Anka, VP in HREC Investment Advisors’ Chicago and Miami offices, advised both buyer, Lakshmi Narayan Hospitality Group, and seller, Hopkins Partners, during the transaction.

Located only a mile from the Hopkins International Airport and 12 miles from downtown Cleveland, the Sheraton benefits from demand generators such as the Browns Stadium, Progressive Field, Quicken Loans Arena, Rock & Roll Hall of Fame, the Cleveland Science Center and both the Hopkins International Airport and Burke Lakefront Airport.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

Suggested Articles

Demand came in 67,000 rooms lower during the week ended July 4 than the previous week, according to Jan Freitag, STR’s SVP of lodging insights.

The In-Seat Contactless Platform is meant to give guests touch-free control over food and beverage at hotel restaurants.

As the economy slowly begins to right itself, hotels can look toward an unexpected way to save on operating costs: their trash.