Address: Elyria
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Rooms #: 248
Additional Features:
Mumford Company was pleased to represent an undisclosed institutional seller in the sale of the Ramada Inn Elyria Ohio to Elyria Hotels, Inc.
The purchaser is a regional multi-unit hotel owner and operator. The new owner plans to keep the property in the Ramada System after extensive renovations to the guest rooms and public areas.
The 248-room hotel boasts a restaurant, lounge, and over 10,000 square feet of flexible meeting space. Visible from the Ohio Turnpike the property has access to both Interstates 80 and 90. A short distance to Lake Erie and downtown Cleveland, Cedar Point amusement park, Oberlin College as well as other tourist attractions from the lakes region create additional demand for the hotel
Ed James in Mumford Company’s Newport News office and Lance Potter in the firm’s Chicago office negotiated the transaction on behalf of the seller.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 800 completed transactions in its nearly 34-year history. With its’ experienced sales team in five regional offices across the country, including the company’s newly opened Washington DC office, Mumford Company is a leader in the sale of mid-market and economy hotels. For more information contact Mumford Company at (757) 873-0962.
