AVON -- Plans to develop a Marriott-branded hotel in Avon are under way.
Jacobs Real Estate Services announced Tuesday that it signed an agreement to sell a 4.27-acre site on Just Imagine Drive to Emerald Hospitality Associates Inc., in conjunction with its independent affiliate, Nimbus Investment Fund.
Emerald 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, according to a news release.
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.
Jacobs Real Estate Services 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,” said James Eppele, executive vice president at JRES, via the news release. “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.”