Laurel Real Estate Co. has arranged the sale of the Holiday Inn Cleveland Northeast – Mentor, where the firm represented the seller. The property was acquired by a new ownership group that plans to continue operating the hotel.
“This was a particularly complex transaction that required a high level of coordination among everyone involved,” said Lauren D’Souza-Faze, VP, Laurel Real Estate Co. “From the buyer and seller to the lender, title companies, attorneys and everyone else involved, it was truly a collaborative effort. We’re grateful for the professionalism and commitment of everyone who worked together to bring the deal across the finish line.”
The hotel is located along the Interstate 90 corridor approximately 25 miles northeast of downtown Cleveland. Mentor is home to more than 1,700 businesses employing more than 59,000 people and is one of Northeast Ohio’s leading centers for advanced manufacturing, with companies including STERIS and Avery Dennison among its major employers. The area also benefits from regional healthcare activity and year-round leisure travel generated by Lake Erie, Headlands Beach State Park and other Lake County attractions…