1077 W US 223
Adrian, MI 49221
Holiday Inn Express Adrian · Hospitality Property For Sale
·
43,302 SF
PROPERTY FACTS
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.65 AC |
| Building Size | 43,302 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1999/2016 |
| Tenancy | Single |
| Corridor | Interior |
| Zoning | C |
AMENITIES
- Business Center
- Fitness Center
- Pool
ABOUT 1077 W US 223 , ADRIAN, MI 49221
The hotel was constructed in 1999 and is a three story wood frame construction.It is identified as the best hotel property in the Adrian market. A PIP was completed in 2014 / 2015 for a cost of $1,100,00. The PIP included carpeting, wall finishes, soft seating, desk chairs, window treatments, case goods, electrical outlets at desk height and renovated bathrooms. The PIP also required improvements to the exterior, pool, fitness center, public areas and guest rooms. In 2016 an additional $125,000 was expensed for a new computer system, elevator doors, and guest room mattress replacements. Unfortunately, the renovation was completed prior to the “Formula Blue” Holiday Inn rollout and therefor is not compliant.
PROPERTY TAXES
| Parcel Number | MD0-115-2330-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,196,200 |
