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Quality Inn Holland 1401 E Mall Dr

133 Room Hotel Holland, OH 43528 £2,722,050 (£20,467/Room) 9.57% Net Initial Yield

Investment Highlights

  • Extensive Renovations: Over $400K in franchise-mandated improvements completed between 2023 and 2024.
  • Strong NOI Performance: Achieved a 31% NOI margin through September 2024, reflecting efficient operations and cost management
  • Market Stability: The local market exhibits resilience, with strong occupancy rates and demand drivers, supported by ongoing investments in the region

Executive Summary

The Quality Inn Holland is a 130-room, three-story hotel located at 1401 E Mall Drive, Holland, OH 43528, just off Interstate 475. While sitting on 3.08 acres this property underwent a significant renovation between 2023-2024. The hotel offers various common area amenities, including an outdoor pool, fitness center, business center, breakfast area, and a laundry facility.
Holland, a charming suburban town in Lucas County, benefits from several key demand generators, including Toledo Express Airport, I-75/I-475 access, nearby industrial and business parks, the University of Toledo, the Toledo Zoo and Museum of Art, and the Seagate Convention Centre. This strategic location positions the Quality Inn to capture a steady stream of business, leisure, and event-driven travelers.

Property Facts

Price £2,722,050
Price Per Room £20,467
Sale Type Investment
Net Initial Yield 9.57%
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 3.08 AC
Building Size 42,952 SF
No. Rooms 133
Number of Floors 3
Year Built/Renovated 1989/2023
Tenancy Single
Parking Ratio 2.89/1,000 SF
Corridor Interior

Amenities

  • Business Centre
  • Fitness Centre
  • Pool
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wi-Fi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 133 £34.72 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
65-86957
Land Assessment
£208,217
Improvements Assessment
£225,587
Total Assessment
£433,804

zoning

Zoning Code 19-C2 (Commercial)
19-C2 (Commercial)
  • Listing ID: 33730691

  • Date on Market: 02/11/2024

  • Last Updated:

  • Address: 1401 E Mall Dr, Holland, OH 43528

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