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Rockledge Grows Ohio Portfolio with Sonesta Extended Stay Property Acquisition
Rockledge, led by David Kaye and Joe Listhaus, has closed on the acquisition of the 104-key Sonesta ESA Suites in Westlake, OH, a suburb of Cleveland. Terms of the extended stay property acquisition, made in partnership with Churchwick Partners, weren’t disclosed.
The deal marks New York City-based Rockledge’s third asset purchased in Ohio and brings its Ohio key count to 368. This is also Rockledge’s 11th Sonesta hotel purchased and brings its hospitality asset count to 15 and total key count to 1,745.
The deal was brokered by Ryan Bodine of NewGen Advisory.
Although the debt markets are volatile, Rockledge says it’s actively searching for more extended stay product across the US.
- ◦Sale/Acquisition