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Chicago & Midwest  + Midwest  + Hospitality  | 
The Sonesta ESA Suites in Westlake is Rockledge's third property acquisition in Ohio

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. 


Inside The Story

NewGen Advisory's BodineRockledge

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition