Laurel Real Estate Co., a boutique real estate brokerage and member of Hotel Brokers International, arranged the sale of the Fairfield Inn & Suites in Avon, Ohio. Laurel Real Estate Co. represented the seller and was the sole brokerage involved in the transaction. Other terms and conditions were not disclosed.
The Fairfield Inn & Suites has 82 guestrooms, an indoor pool, a fitness center and meeting space. Located less than 20 miles from downtown Cleveland, it has proximity to multiple diverse generators including Cleveland sports events, arts and entertainment; corporate travel, including The Cleveland Clinic and University Hospitals; and Lake Erie leisure travel.
As an Ohio-based, independent brokerage focused specifically on the hospitality market, Laurel Real Estate Co. was positioned to facilitate a successful transaction. The property was considered an “off-market” deal, so the brokerage team relied on their extensive industry connections to identify the right buyers for the property.