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news release for immediate release HREC Investment Advisors Arranges the Sale of the Holiday Inn Cleveland Airport Hotel – Strongsville, Ohio (Denver, Colorado; Chicago, Illinois) – HREC Investment Advisors is pleased to announce the sale of the 306‐guestroom Holiday Inn Cleveland Airport Hotel in Strongsville, Ohio. Ted Anka, Vice President, and Geoff Davis, President & Senior Principal exclusively represented the seller during the transaction. The buyer was Twin Tier Hospitality, of Sayre. PA The Holiday Inn Cleveland Airport is located in the heart of Strongsville, within one‐half mile from Westfield SouthPark Mall, NE Ohio’s largest mall, the Cleveland Metropark, and the Hoover Arena by Ice Land USA. Situated eight miles from Cleveland Hopkins International Airport and approximately fifteen miles southwest of downtown Cleveland, the hotel benefits from large‐group business generated from regional youth sports, local manufacturing and service companies. “The Strongsville market and the greater Cleveland area in general demonstrated great resiliency during this most recent downturn and was able to sustain positive growth while many regions did not. This buyer saw the potential for further growth and is committing the renovations necessary to ensure the hotel is poised to continue its upward momentum,” stated Anka. About HREC: HREC is the nation’s leading lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting (market studies and appraisals), and litigation support. With offices throughout North America, HREC is distinguished by unwavering commitment to client service through its team approach, intellectual capital and hotel/casino specialization. For addition information on the property, please contact: Ted Anka Vice President 312.645.9010 [email protected] Geoff Davis President & Senior Principal 212.551.1775 [email protected] Visit HREC’s website at www.hrec.com ### Ashley Hunt Director of Marketing 303.267.0057 [email protected]
