CLEVELAND, Ohio – A 379-room downtown Cleveland hotel, practically in the shadow of the Rock and Roll Hall of Fame, will close permanently at the end of January, following a year of plummeting revenue and a stalled sales agreement that led to foreclosure
Crescent Hotels and Resorts, the court-appointed receiver managing the DoubleTree by Hilton Hotel Cleveland Downtown – Lakeside, notified state and local officials Tuesday that the property will shut down January 30. The closure will result in the loss of 66 jobs at the hotel, located at 1111 East Lakeside Ave., less than half a mile from the Rock & Roll Hall of Fame.
Court records filed Dec. 30 in Cuyahoga County Common Pleas Court reveal the financial struggles that led to the decision. According to the receiver’s latest report, the hotel’s operating revenue for the first nine months of 2025 dropped to $5.9 million, a decrease of roughly $2.6 million compared to the same period in 2024…