Descripción

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 96‑room Residence Inn Cleveland Mentor (the “Residence Inn”), a premium‑branded extended‑stay hotel located in Mentor, Cleveland’s most desirable suburban market. Ranked the #1 place to live in Ohio by U.S. News & World Report, Mentor offers access to world-renowned healthcare systems, a diverse corporate employment base, strong retail amenities, and close proximity to downtown Cleveland. Mentor serves as a major economic and medical hub in Northeast Ohio, anchored by the Cleveland Clinic Mentor Hospital, several University Hospitals, leading employers such as STERIS, Lincoln Electric, Avery Dennison, Parker Hannifin, and the neighboring Perry Nuclear Power Plant. Since the Cleveland Clinic Mentor Hospital opened its doors in 2023, lodging fundamentals have strengthened materially, with RevPAR rising approximately 19 percent above 2019 levels as of April, 2026. As such, the Residence Inn presents a unique opportunity for a new investor to acquire an institutional‑quality asset in a growing lodging market, supported by durable demand drivers with the potential to drive incremental financial performance through strategic capital improvements.

Jon Vanderplough: OH BRKP.2025003584

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