From The Cleveland Plain Dealer:
Investors Plan $55 Million Hotel Project in Cleveland
An out-of-state investor group plans to open a hotel on Euclid Avenue, in a $55 million project that could eliminate a dead zone in downtown Cleveland. JHB Hotel LLC, an entity tied to investors in New York, California and Colorado, expects to buy the John Hartness Brown Building at 1001-1021 Euclid Ave. and the neighboring building at 1101 Euclid Ave. before the end of the year. The vacant properties could be plucked from the early stages of foreclosure, thanks to a surge of interest in hotels to complement Cleveland's planned medical mart, new convention center and casino. Click here for the full story.