Quality Inn Holland | 1401 E Mall Dr
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Quality Inn Holland 1401 E Mall Dr
133 Room Hotel Holland, OH 43528 $3,450,000 ($25,940/Room) 9.57% Cap Rate
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 | $3,450,000 | Building Size | 42,952 SF |
| Price Per Room | $25,940 | No. Rooms | 133 |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 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 | $3,450,000 |
| Price Per Room | $25,940 |
| Sale Type | Investment |
| Cap Rate | 9.57% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.08 AC |
| Building Size | 42,952 SF |
| No. Rooms | 133 |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2023 |
| Tenancy | Single |
| Parking Ratio | 2.89/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 133 | $44.00 | - |
PROPERTY TAXES
| Parcel Number | 65-86957 | Improvements Assessment | $285,915 |
| Land Assessment | $263,900 | Total Assessment | $549,815 |
PROPERTY TAXES
Parcel Number
65-86957
Land Assessment
$263,900
Improvements Assessment
$285,915
Total Assessment
$549,815
zoning
| Zoning Code | 19-C2 (Commercial) |
| 19-C2 (Commercial) |
-
Jasnayak Sohi -
Dhaval Taylor -
Jasdeep Sohi -
The Sohi Group
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Quality Inn Holland | 1401 E Mall Dr
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