Jacobs Real Estate Finalizes Marriott Hotel Deal in Avon

Avon is getting a Marriott-brand hotel in 2014 that will kick off "Avon Place," a master planned development. 

Jacobs Real Estate Services (JRES) announced on Oct. 1 it has signed an agreement to sell a 4.27-acre site on Just Imagine Drive in Avon to Westlake-based Emerald Hospitality Associates Inc., in conjunction with its independent affiliate, Nimbus Investment Fund.  

Emerald Hospitality plans to develop a 110- to 125-room, Marriott-branded hotel with an attached 5,000-square-foot conference center. The hotel, which will sit adjacent to the Cleveland Clinic Richard E. Jacobs Health Center, is planned to open in fall 2014.

Marriott brands include Courtyard, Residence Inn, JW Marriott hotels, Ritz Carlton and Fairfield Inn and Suites. 

Planning is still in the initial stages. A groundbreaking date, or which hotel will be built on the property, has not yet been announced.

The Marriott-branded hotel kicks off the 132-acre, master-planned development, which will be known as Avon Place. It will include a mix of offices, hotels, restaurants, medical facilities and other related developments. JRES also has two additional signed land sale agreements for Avon Place, which will be announced in the coming weeks.

“We are excited to be bringing a Marriott-branded hotel to complement the highly successful Cleveland Clinic facility,” James Eppele, executive vice president at JRES, said. “Emerald Hospitality's expertise in developing and managing first-class select service hotels is a perfect fit with the type of development we intend to bring to Avon Place.”

Founded in 1999, Emerald Hospitality Associates is a Westlake-based, full-service hotel management and development company that provides a wide range of specialized hospitality industry services to hotel and restaurant investors.