Overview
The Quality Inn Holland is a 130-room, three-story hotel on 3.08 acres at 1401 E Mall Drive, Holland, OH, just off I-475. Recently renovated in 2023-2024, it features amenities such as an outdoor pool, fitness center, business center, breakfast area, and laundry facility. Located in the suburban town of Holland, the hotel benefits from demand drivers like Toledo Express Airport, nearby highways, industrial parks, the University of Toledo, Toledo Zoo, Museum of Art, and Seagate Convention Centre, positioning it to attract a steady mix of business, leisure, and event travelers.
Investment Highlights
Positive Revenue Trends: The property is projected to achieve approx. $1.1M in room revenue this year, with anticipated growth driven by upward ADR trends and steady occupancy gains. Revenue is expected to continue increasing annually as market conditions remain favorable.
Extensive Renovations: Over $400K in franchise-mandated improvements completed between 2023 and 2024, including upgrades to the fire alarm system, pool, exterior staircase, and elevator.
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’s industrial and logistics sectors.
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