December 29, 20213 yr 10 hours ago, Pugu said: Yeah, its a little hairy coming from the north, but I've never had any issues. From the south, people can just exit at Snow Road. The priority for airport access should be from the north. (Downtown/University Circle, for example should be favored over people coming from Strongsville/Brunswick.) Access from the east via I-480 can be problematic due to the bottleneck at the interchange with I-71. Traffic on I-480 westbound is backed up there almost every evening.
February 9, 20223 yr Can the downtown hotel Market handle a hotel in the Erieview Tower along with the Bedrock hotel, the Baker building, and the conversion that happened with the May Co building? I just am skeptical that the market could support all of this. Edited February 9, 20223 yr by cle_guy90
February 9, 20223 yr Well, as of now I have more faith in the rumored and still unannounced Bedrock project than I do in the announced Kassouf project. But I think you're on point to question how much the market can handle.
February 9, 20223 yr 27 minutes ago, cle_guy90 said: Can the downtown hotel Market handle a hotel in the Erieview Tower along with the Bedrock hotel, the Baker building, and the conversion that happened with the May Co building? I just am skeptical that the market could support all of this. And in Midtown there will be Delta by Marriott and possibly Dream Hotel. I guess it will be survival of the fittest.
February 9, 20223 yr 38 minutes ago, cle_guy90 said: Can the downtown hotel Market handle a hotel in the Erieview Tower along with the Bedrock hotel, the Baker building, and the conversion that happened with the May Co building? I just am skeptical that the market could support all of this. I'm willing to bet Marriott knows more than anyone on this forum about what market conditions will support. If someone here is a high-level hotel executive, then maybe they're an exception. In other words, if Marriott thinks the market can support it, then I think the answer is the market probably can support it.
February 9, 20223 yr 57 minutes ago, LlamaLawyer said: I'm willing to bet Marriott knows more than anyone on this forum about what market conditions will support. If someone here is a high-level hotel executive, then maybe they're an exception. In other words, if Marriott thinks the market can support it, then I think the answer is the market probably can support it. Agree. Also, the W project is a multipurpose one by having the apartments, so that will protect a bit more from market conditions than if it was just a hotel.
February 9, 20223 yr I like it. The Marriott management team must have some experience with these kinds of mixed-use developments thanks to the many "Residences at Ritz Carlton" around the world. I'm not sure how many of them are rentals vs condos, but still there is some crossover.
February 9, 20223 yr Except this is a licensing deal where "Marriott will provide design guidance for the apartments and training for a third-party leasing and management organization hired by the Kassoufs." Even if this actually happens, what do you think is Marriott's exposure to its failure? Marriott's management and its "assessment of market conditions" are not part of this deal.
February 9, 20223 yr 3 minutes ago, grayfields said: Except this is a licensing deal where "Marriott will provide design guidance for the apartments and training for a third-party leasing and management organization hired by the Kassoufs." Even if this actually happens, what do you think is Marriott's exposure to its failure? Marriott's management and its "assessment of market conditions" are not part of this deal. They are in reference to the W Hotel. If you read the article they're also giving design guidance for the apartments in what appears to be a separate contract. There's a hotel portion run by W and then an apartment portion with guidance by W.
February 9, 20223 yr This will be a big win for Cleveland to have a W hotel. This will be the first in Ohio, and we'd be the third city in the Midwest with one (2 in Chicago, one in Minneapolis). Take that Detroit and Cbus! Also would be the first W branded apartments anywhere.
February 10, 20223 yr 4 hours ago, grayfields said: Except this is a licensing deal where "Marriott will provide design guidance for the apartments and training for a third-party leasing and management organization hired by the Kassoufs." Even if this actually happens, what do you think is Marriott's exposure to its failure? Marriott's management and its "assessment of market conditions" are not part of this deal. FFS, can we please not make this into yet another “This is Cleveland so it must be less-than or probably going to fail.” That’s, um how hotels (as well as these branded apartments/condos) work everywhere. Owned properties are exceedingly rare, and those that exist are fewer and fewer. Developers, like the Kassoufs, enter into franchise or licensing relationships with hotel flags. The overwhelming risk always remains with the developer. What’s happening at Erieview is exactly how these deals work everywhere. No special overlooking of market conditions (by Marriott, or anyone else) because it’s in Cleveland. Hotel management and license agreements - major issues in dealing with US hotel brands Edited February 10, 20223 yr by brtshrcegr
February 10, 20223 yr On 2/9/2022 at 3:34 PM, LlamaLawyer said: I'm willing to bet Marriott knows more than anyone on this forum about what market conditions will support. If someone here is a high-level hotel executive, then maybe they're an exception. In other words, if Marriott thinks the market can support it, then I think the answer is the market probably can support it. And it's just 200 hotel rooms and NOT the 600 rooms in the Hilton... And IF Downtown Cleveland can continue to grow and mature to the next level of growth and therefore is better able to compete with our rivals like Pittsburgh, Columbus and Indianapolis THEN it will be a PIECE OF CAKE to consistently fill all of the hotels in DOWNTOWN CLEVELAND! Edited February 11, 20223 yr by Larry1962 Typos and more details
February 10, 20223 yr Not sure if the Kassouf/Marriot thing will work, but if hotel/apartments doesn't happen here, someone else should do it. The amenities offered in condos and high end rentals have gotten to basically hotel level. And more and more people don't flinch at paying extra for luxury services. I mean, even average Americans don't think twice anymore about paying extra to have food delivered, groceries delivered, or other services that would have seemed extravagant 10 years ago. This just makes sense.
February 10, 20223 yr There is definitely a market for more Marriott in this city. Marriott has the most extensive network and best rewards program out there. They know what they are doing
February 10, 20223 yr Fidelity Hotel plan increases rooms, amenities By Ken Prendergast / February 10, 2022 A planned renovation of a vacant office building in downtown Cleveland by the Walton Enterprises, of Wal-Mart fame, into a boutique hotel got its first publicly accessible airing today by a city panel. And the feedback it received was decidedly positive. MORE: https://neo-trans.blog/2022/02/10/fidelity-hotel-plan-increases-rooms-amenities/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 10, 20223 yr ^ That’s amazingly little square footage for such a seemingly large building! That said, I shouldn’t really be surprised, given that I can recall the shock of using Moriarty’s bathroom for the first time. When you went through that door at the end of the bar you basically found yourself standing in the back alley! My hovercraft is full of eels
February 10, 20223 yr 1 hour ago, roman totale XVII said: ^ That’s amazingly little square footage for such a seemingly large building! That said, I shouldn’t really be surprised, given that I can recall the shock of using Moriarty’s bathroom for the first time. When you went through that door at the end of the bar you basically found yourself standing in the back alley! It's a very shallow building, like you noted. Look at it in an aerial photo. We don't have many like it in Cleveland. Our buildings tend to be really deep, so you end up with buildings that are six stories and hundreds of thousands of square feet.
April 4, 20223 yr Looks like work is about to begin on Fidelity Hotel! Crews were out this morning getting ready to set up new traffic patterns and construction fencing. So excited to finally see this project kick-off!
April 4, 20223 yr No new permit applications have been submitted since winter, so this is apparently for the interior demolition work. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
April 4, 20223 yr Anyone know if the ex-owner of Moriarty’s got the old wooden bar and back-bar out of there? I’d hate to see it end up in a skip. My hovercraft is full of eels
May 31, 20223 yr Proposed buyer of Renaissance, Hyatt hotels in Cleveland pulls out of deal https://www.cleveland.com/realestate-news/2022/05/proposed-buyer-of-renaissance-hyatt-hotels-in-cleveland-pulls-out-of-deal.html
May 31, 20223 yr Not good news although l'm glad to see the renovation continues. If you ever read reviews the hotel on the Square usually gets hammered for the condition it's in. I wonder if this means bringing back the Hotel Cleveland sign on the roof is gone too? I don't think we're out of the woods yet with travel related industries. Many places have come roaring back but others struggle still to get back to pre-covid numbers.
May 31, 20223 yr I have reservations about SPACs in general, so I'm not sure I consider this bad news.
September 9, 20222 yr Fidelity Hotel news. https://www.crainscleveland.com/real-estate/nuovore-developer-tied-walton-family-details-plans-downtown-cleveland-hotel
September 9, 20222 yr 3 hours ago, simplythis said: Fidelity Hotel news. https://www.crainscleveland.com/real-estate/nuovore-developer-tied-walton-family-details-plans-downtown-cleveland-hotel Was hoping the hotel flag would be 21c Museum Hotel - they are truly unique and fun properties. But I'm not worried as NuovoRE is first class and I'm confident will deliver something wonderful!
September 9, 20222 yr 48 minutes ago, OHinMD said: Millennia now aims to start construction in early 2023 and to complete the $517 million project by late 2027, according to port board materials. I know it's not the main part of the article but is the Centennial really going to take over 4 years for a rehab? I get it's a large project (just look at the price tag lol) but dang that seems long. Was hoping it could be up and running much sooner. It will be a great addition to a nice active intersection Edit: whoops I see this topic was already brought up in another thread so please ignore me lol Edited September 9, 20222 yr by dwolfi01
October 27, 20222 yr Give me a rooftop scaffold sign or give me death! But honestly, talk about World Class Signage.
November 28, 20222 yr Fidelity Hotel/Baker Bldg. looks like all the floors (that I could see from the parking garage) are demoed and wide open. Some of these rooms (top 3-4 floors) should have a nice view of Terminal Tower. Edited November 28, 20222 yr by GISguy
November 29, 20222 yr Wonder what this means to Dreams expansion plans including Cleveland at one time. https://www.costar.com/article/1463163786/hyatt-to-buy-dream-hotel-groups-management-and-brand-platform
November 29, 20222 yr 27 minutes ago, freethink said: Wonder what this means to Dreams expansion plans including Cleveland at one time. https://www.costar.com/article/1463163786/hyatt-to-buy-dream-hotel-groups-management-and-brand-platform Dream Cleveland is still listed on their website as coming in 2024
November 30, 20222 yr 13 hours ago, marty15 said: Dream Cleveland is still listed on their website as coming in 2024 dream ownership is too nutty for any of those expansion plans, thats mainly why they never happened. no surprize they want to sell out the business. likely hyatt just wants control of their current hotels, not their future plans. i dk if hyatt is up to such out of the box creative hotel thinking. i would doubt it, but i guess we will see.
November 30, 20222 yr I've not heard anything yet to confirm that the Dream Hotel project is dead. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 30, 20222 yr per the article any or none of these in the deal could be the cleveland dream - the sale changes everything tho and no telling if flush chatwal or now hyatt will follow up on any or all of it. i just don’t see hyatt being as up to ‘creative,’ but maybe: Chatwal will remain as owner of four existing (NYC) Dream hotels and an additional two slated to open in the future. ^ that would seem to mean also in the nyc area, but its not clear, so maybe it could mean cle. and on hyatt’s end: The initial 12 hotels — which also include properties in Nashville, Tennessee; Los Angeles, California; Miami, Florida; and Durham, North Carolina — are expected to generate roughly $12 million in management fees for Hyatt once stabilized. The additional 24 signed but not opened hotels — which include hotels in Las Vegas, Saint Lucia and Doha — could add an additional $27 million in fees. ^ not sure if signed means preliminary agreements, existing already built properties to be developed into dream hotels, or planned new construction, including cle, or what exactly. so time will tell if hyatt follows those dream plans.
December 2, 20222 yr sounds like we're next in the micro room craze, i dont know how I feel about staying in one of these types of rooms Edited December 6, 20222 yr by MrR
December 2, 20222 yr ^ withholding judgement until I see if the bathroom has a real door that actually closes.
December 2, 20222 yr On 12/1/2022 at 8:42 PM, surfohio said: ^ withholding judgement until I see if the bathroom has a real door that actually closes. usually just a sliding door Edited December 6, 20222 yr by MrR
December 4, 20222 yr On 11/30/2022 at 10:33 AM, mrnyc said: per the article any or none of these in the deal could be the cleveland dream - the sale changes everything tho and no telling if flush chatwal or now hyatt will follow up on any or all of it. i just don’t see hyatt being as up to ‘creative,’ but maybe: Chatwal will remain as owner of four existing (NYC) Dream hotels and an additional two slated to open in the future. ^ that would seem to mean also in the nyc area, but its not clear, so maybe it could mean cle. and on hyatt’s end: The initial 12 hotels — which also include properties in Nashville, Tennessee; Los Angeles, California; Miami, Florida; and Durham, North Carolina — are expected to generate roughly $12 million in management fees for Hyatt once stabilized. The additional 24 signed but not opened hotels — which include hotels in Las Vegas, Saint Lucia and Doha — could add an additional $27 million in fees. ^ not sure if signed means preliminary agreements, existing already built properties to be developed into dream hotels, or planned new construction, including cle, or what exactly. so time will tell if hyatt follows those dream plans. It's important to note that Dream Hotel isn't the one trying to capitalize and build the Cleveland hotel. It's Beaty Capital and its affiliate TempleLive Cleveland, LLC that are attempting to amass the $60+ million to build the hotel. Dream Hotel is the hotel manager/operator. If Dream Hotel is still on board with the Cleveland project, then that means there is probably still something there. Beaty is still pressing ahead with renovations to the Masonic Auditorium, including a $3.5 million phase 2B, which I posted about in the Midtown thread. And out of curiosity, I checked and saw that a building permit for exterior renovations to the vacant hotel into the Midtown Delta Hotel across the street are awaiting pickup by the architect Kaczmar. Crimson Rock Capital. Permit issuance for interior work is still in process. BTW, the owner of the property, Crimson Rock Capital, is based in a Regus office in NYC. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 4, 20222 yr according to the article there were or are 26 dream hotels in play. two by chatwal and 24 now with hyatt that dream was considering. i wonder if cleveland is still one of them? if the reporting knew that much, there must be a list.
January 7, 20232 yr On October 11, 2022 the Hampton Inn at Superior and E 9 was sold to an Atlanta firm, Noble Investment Group for $19.3M. The hotel was just sold again this past week--on January 3, 2023--for $19.0M. The new buyer is "East9th Titan, LLC" which filed its organizational papers also on October 11, 2022. They bought it from the new owners within months. This may be the new owner, from an article dated November 11, 2022: "Bhavin Patel and Amit Patel are discussing updates they plan to make, such as new signage and technology, for the 14-floor Hampton Inn Cleveland-Downtown even though they do not own it — yet." https://www.crainscleveland.com/real-estate/hampton-inn-cleveland-downtown-lined-local-buyer Lots of interest in this little-talked about hotel.
January 15, 20232 yr Just fantasizing on a slow news day at Urban Ohio - lately, The Guitar Hotel in Florida has been doing a lot of TV commercials. Would the Hard Rock ever consider building a Guitar Hotel adjacent to the Rock Hall? The hall and Science Center would benefit from another attraction on the lakefront and the iconic hotel would be a natural for the rock n roll capital . I don’t think the Browns would hate it either! I know the Hard Rock is, according to their own PR, “focused on their operation in Northfield” but a national attraction a few miles away wouldn’t hurt. Is downtown already saturated with existing hotels and the possible additions we’ve heard about or is there room for a tourist attraction Hotel? I know it’s just a wild-eyed idea, but how cool would it be to have a 450 foot guitar on the lakefront?
January 15, 20232 yr Sounds like one of those cool ideas with a short shelf life. It's probably too gimmicky, especially for a city like Cleveland that doesn't get the number of tourists the LA's, Miami, or even Chicago do. I can see it opening here to great hoopla, occupancy hitting in the 80's. Fast forward two years later and the novelty has worn off. Two years after that it's in bankruptcy.
January 16, 20232 yr Unlikely. FAA wouldn't allow it. And I don't think the Rock Hall would want to have Hard Rock as a neighbor. But I'd like to see the Hard Rock Cafe reopened and JACK Casino rebranded as a Hard Rock. Edited January 16, 20232 yr by LibertyBlvd
January 16, 20232 yr 3 hours ago, CleveFan said: Just fantasizing on a slow news day at Urban Ohio - lately, The Guitar Hotel in Florida has been doing a lot of TV commercials. Would the Hard Rock ever consider building a Guitar Hotel adjacent to the Rock Hall? The hall and Science Center would benefit from another attraction on the lakefront and the iconic hotel would be a natural for the rock n roll capital . I don’t think the Browns would hate it either! I know the Hard Rock is, according to their own PR, “focused on their operation in Northfield” but a national attraction a few miles away wouldn’t hurt. Is downtown already saturated with existing hotels and the possible additions we’ve heard about or is there room for a tourist attraction Hotel? I know it’s just a wild-eyed idea, but how cool would it be to have a 450 foot guitar on the lakefront? I thought Northfield was MGM now, and not affiliated with the Hard Rock brand?? Time to build the guitar hotel in downtown 😎
January 16, 20232 yr Yes that’s correct - I hadn’t kept up with that news - and of course, there’s Burke, so….. And though @cadmenis probably right - a Guitar Hotel might be a short fad if built in Cleveland - but I still hope someday we can capitalize even more on the tourism potential of the rock hall. Also , here’s hoping that within the not -too -distant future our downtown lakefront real estate yields a shiny vertical hotel and a lot more exciting development. Hard to imagine at this moment - but the lake isn’t going anywhere - green light!
January 16, 20232 yr I'm only on board with the guitar hotel if it comes with an adjacent Rock-O-Meter...
January 19, 20232 yr On 1/15/2023 at 11:14 PM, buckeye1 said: I'm only on board with the guitar hotel if it comes with an adjacent Rock-O-Meter... Wow that's terrible phewwwwwwww
January 19, 20232 yr On 1/15/2023 at 8:49 PM, LibertyBlvd said: Unlikely. FAA wouldn't allow it. And I don't think the Rock Hall would want to have Hard Rock as a neighbor. But I'd like to see the Hard Rock Cafe reopened and JACK Casino rebranded as a Hard Rock. Maybe Cleveland could go with a ukulele hotel, it may skirt FAA rules. Remember, Cleveland is a Plum! ;)
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