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Holiday Inn Express "Principals Only" 1077 W US 223 60 Room Hotel Adrian, MI 49221 $5,400,000 ($90,000/Room)
Investment Highlights
- Excellent Quality Assurance Score
- Excellent Location just South West of the corner of US 223 and M52
- Formula Blue Recently Completed in 2023
Executive Summary
The Holiday Inn Express 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
new “Formula Blue PIP “ was completed in 2023 for $1,100,000
Property Facts
| Price | $5,400,000 | Lot Size | 1.65 AC |
| Price Per Room | $90,000 | Building Size | 43,302 SF |
| Sale Type | Investment | No. Rooms | 60 |
| Sale Condition | Business Value Included | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1999 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Corridor | Interior |
| Zoning | C | ||
| Price | $5,400,000 |
| Price Per Room | $90,000 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.65 AC |
| Building Size | 43,302 SF |
| No. Rooms | 60 |
| No. Stories | 3 |
| Year Built | 1999 |
| Tenancy | Single |
| Corridor | Interior |
| Zoning | C |
Amenities
- Business Center
- Fitness Center
- Pool
About 1077 W US 223 , ADRIAN, MI 49221
Area Overview The property is located at 1091 West US-223, just west of the southwest corner of US 223 and M 52 (South Main Street) on 1.65 acres. Adrian is 30 miles southwest of Ann Arbor, 30 miles southeast of Jackson. The Toledo Airport is 20 miles southeast of the hotel and the Detroit Airport is approximately 20 mies northwest. Market Generators: Adrian College, Jackson College, Inteva Products, Inergy, Automotive Systems, Adrian Steel, and Bixby Medical Center. Entertainment activities include NASCAR racing at Michigan International Speedway, Irish Hills and several lakes for recreation.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $154.00 | - |
| Guest Room | 58 | $149.00 | - |
Property Taxes
| Parcel Number | MD0-115-2330-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,211,000 |
Property Taxes
Presented by
Hotel Ventures International
Holiday Inn Express "Principals Only" | 1077 W US 223
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