Beachwood Appraisal

LOAN AMOUNT: $10,340,000 | LTV: $74%

DESCRIPTION: The subject is a 404-room, 238,798-square foot, seven-story, full-service hotel located at 3663 Park East Drive in Beachwood, Ohio. The improvements were constructed in 1977, partially renovated in 2015, and are situated on a 9.98-acre site. The subject is currently operated as a DoubleTree by Hilton but is anticipated to close subsequent to purchase.