Hotel to Open in Spring 2015

CLEVELAND, Ohio – January 16, 2014 – Jacobs Real Estate Services (JRES) announced today that a five-story, 116-room Residence Inn by Marriott hotel with an attached 10,000-square-foot conference center, will be constructed at its Avon Place development in Avon, Ohio.

The new Residence Inn will be located on Just Imagine Drive, adjacent to the Cleveland Clinic Richard E. Jacobs Health Center. The hotel is planned to open in spring 2015. It will be built on a 4.27-acre site that JRES has agreed to sell to Emerald Hospitality Associates, Inc. and its independent affiliate, Nimbus Investment Fund.

“We are excited that Marriott and Emerald Hospitality have chosen Avon Place. Residence Inn will be a perfect complement to the expanding Cleveland Clinic, restaurants and offices planned for this development,” said Jim Eppele, JRES executive vice president.

Residence Inn hotels are designed for extended-stay travelers, with features that include spacious suites with separate living and sleeping areas; fully equipped, in-suite kitchens; free grocery delivery service; complimentary Wi-Fi and in-room, high-speed Internet access; free hot breakfasts; a swimming pool and fitness center.

About Emerald Hospitality Inc.

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. Emerald currently operates 20 properties in seven states, consisting primarily of Hilton, Marriott and Hyatt branded products. For more information, visit

About Jacobs Real Estate Services LLC

Jacobs Real Estate Services provides comprehensive brokerage, leasing and management services for owners of office buildings, specialized-use facilities and mixed-use developments. It is an independent affiliate of The Richard E. Jacobs Group, one of the nation’s premier developers of commercial real estate with more than 50 years’ experience. For more information, visit

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