FOR SALE BY COURT APPOINTED RECEIVER, VALUE-ADD HOTEL RESORT INVESTMENT OPPORTUNITY, Online bidding only. Sale ends Wednesday, April 19th @12 Noon. Court Appointed Receiver, is pleased to present the opportunity to acquire the Quail Hollow Resort, a landmark hotel just south of Painesville OH. Located at 11080 Concord Hambden Rd., this three-story, full service hotel is immediately off I-90 and only 25 minutes from downtown Cleveland. The 168,918 SF hotel features 176 guest rooms, a restaurant, multiple bars, sauna, indoor and outdoor pool, fitness room, and ample meeting/banquet space. Situated on 12.55 acres, the hotel adjoins the Quail Hollow Country Club, a premier private club featuring two 18 hole courses, on over 700 wooded acres. The location provides easy access to many local amenities including the Cleveland Browns, Cavs, and Guardians, the Rock and Roll Hall of Fame, local wineries, Lake Erie recreational activities and much more. The hotel most recently was flagged by Wydnham’s Trademark Collection but has been closed since the onset of COVID – 19. The property is being offered with a reserve price that is drastically below replacement cost and provides the new owner the opportunity to rebrand/reflag or redevelop. The sale also includes an adjacent 1.44 acre parcel for additional parking or future development. Property will be sold free and clear of all liens, with property taxes prorated and paid off to the day of closing.
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than HER Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Placester, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Updated: 2nd April, 2023 12:16 PM (UTC)
Listing Office: Prodigy Properties