Aurora Inn Aurora, OH

Listing Agents

Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com

Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com

Detailed Information
Location
Property Highlights
  • Fee simple interest in the lender owned Aurora Inn Hotel & Event Center, an Ascend hotel Collection by Choice Hotels
  • Property is offered for sale in the February 16th auction event with TenX
  • Asset is offered unencumbered of debt and management and at a substantial discount to replacement cost
  • Property is well renovated with minimal change of ownership PIP anticipated of a new buyer
  • Boutique soft-branded offering make the asset a focal point for regional group events and weddings
  • Strong operational upside to regional Midwest owner / operator in transitioning the asset out of lender control
  • Asset is readily accessible via the Interstate 480 and Interstate 80 – two of the primary thoroughfares for the state
  • Property is ideally located to capitalize on drive-to leisure demand for the Cleveland and Akron MSA’s – both approximately 30 minutes’ drive form the asset
  • Drive-to leisure nature of the asset and market make it ideally well positioned for growth with drive-leisure a top performing sector amidst the COVID recovery
  • Proximate to all regional demand and guest amenities including Aurora Farms Premium Outlets, Barriton Golf Club, ThornCreek Winery, and the Blanche Katherine Novak Wildlife Sanctuary
Location