SHERIDAN, WYOMING – April 8, 2025 - Boutique Brokerage Facilitates Successful Hotel Sale in High-Demand Cleveland-Area Market
In a noteworthy transaction for the Greater Cleveland hospitality scene, the Fairfield Inn & Suites in Avon, Ohio has officially changed ownership. Laurel Real Estate Co., a boutique real estate brokerage and proud member of Hotel Brokers International, served as the sole brokerage in the sale, exclusively representing the seller.
Strategic Location Fuels Investor Interest
Conveniently situated less than 20 miles from downtown Cleveland, the Fairfield Inn & Suites boasts a prime location that continues to attract both business and leisure travelers. The hotel’s proximity to Cleveland’s diverse attractions—from professional sports and vibrant arts venues to top-tier medical institutions like The Cleveland Clinic and University Hospitals—makes it a sought-after property for hospitality investors.
Additionally, the hotel’s closeness to Lake Erie adds to its appeal, drawing in leisure guests who come to experience Ohio’s coastal charm. This advantageous positioning played a pivotal role in the property's marketability and successful sale.
A Turnkey Opportunity in Avon
With 82 well-appointed guest units, the Fairfield Inn & Suites offers a robust set of amenities designed to serve a wide range of guests. The property includes an indoor pool, modern fitness center, and versatile meeting space, making it ideal for both overnight stays and small business gatherings.
This turnkey offering presented a valuable opportunity for new ownership to tap into a steady stream of demand from corporate travelers, healthcare-related visits, and tourism.
Expert Brokerage Brings Deal to the Finish Line
Laurel Real Estate Co.’s role in the transaction was instrumental, ensuring a smooth and professional process from start to finish. As the only brokerage involved in the deal, Laurel Real Estate Co. took full responsibility for managing communications, negotiations, and closing logistics on behalf of the seller.
Their affiliation with Hotel Brokers International further underscores their expertise and reach within the hospitality real estate market.
“Laurel Real Estate Co. represented the seller and was the sole brokerage involved in the transaction,” according to official information provided on the deal.
Hospitality Momentum in the Cleveland Market
The sale comes at a time of continued strength in the Cleveland-area hospitality sector. With steady traffic from corporate hubs, renowned medical centers, and a calendar full of concerts, games, and festivals, regional hotels are seeing consistent occupancy and interest from investors nationwide.
For buyers, Avon offers the added advantage of a suburban setting with easy access to both the lakefront and the heart of the city—making properties like the Fairfield Inn & Suites highly desirable.
Looking Ahead: What This Means for Travelers and the Local Economy
With new ownership stepping in, the Fairfield Inn & Suites is well-positioned for continued success. Guests can expect the same quality experience that the brand is known for, with potential for enhancements under new leadership.
The change in ownership also signals confidence in the local travel economy, reinforcing the area's reputation as a stronghold for both business and leisure lodging.
Stay Tuned for More Hospitality Investment Updates
For travelers and industry watchers alike, the successful sale of the Fairfield Inn & Suites is a reminder of the ongoing evolution in the hospitality landscape—and the key players, like Laurel Real Estate Co., who help shape it.
Whether you're a guest planning your next trip to the Cleveland area or an investor tracking market trends, Avon continues to be a destination worth watching.