Quality Inn Holland | 1401 E Mall Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
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.
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 | Building Size | 42,952 SF |
Price Per Room | £20,467 | No. Rooms | 133 |
Sale Type | Investment | Number of Floors | 3 |
Net Initial Yield | 9.57% | Year Built/Renovated | 1989/2023 |
Property Type | Hospitality | Tenancy | Single |
Property Subtype | Hotel | Parking Ratio | 2.89/1,000 SF |
Building Class | B | Corridor | Interior |
Lot Size | 3.08 AC |
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
Parcel Number | 65-86957 | Improvements Assessment | £225,587 |
Land Assessment | £208,217 | Total Assessment | £433,804 |
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) |
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Quality Inn Holland | 1401 E Mall Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.