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Allied Hospitality Sells Cherry Valley Lodge

Wexford Lodging Advisors, Widewaters Group Acquire Hospitality Building for $4.3 Million
January 5, 2018
Allied Hospitality of Houston has sold the 200-room Cherry Valley Lodge in Newark, OH to Granville, OH-based Wexford Lodging Advisors and The Widewaters Group out of Dewitt, NY for $4.3 million, or about $21,500 per room.

The hotel delivered in 1993 off Route 16 near Denison University, Licking Memorial Hospital and Newark Heath Airport at 2299 Cherry Valley Rd.

Eric Belfrage, Michael Shirey and Douglas Johnson of CBRE represented the seller.

Please see CoStar COMPS #4074921 for more information on this transaction.
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