Holiday Inn in Growing Market

Michigan, United States

$10500000

Sale conditions: Market

Snapshot

Active

Ownership: Fee Interest
Type: Hotel
Sub Type: Full Service
Chain / Market Scale: Upper Upscale
Brand: Holiday Inn
Corridor: Interior
No. of Keys: 148
Site Size: 3.95 AC

The Holiday Inn Grand Rapids Airport was built in 2003 and most recently renovated in 2018. The Property features multiple room types and configurations, restaurant, lounge, fitness center, business center, and approximately 2,400 square feet of meeting space in two dedicated meeting rooms which can be divisible into a total of five spaces.

Ownership executed a 15-year franchise agreement with Intercontinental Hotels Group in May of 2025, subject to a Property Improvement Plan (PIP) that was to be completed by August 2027. The deadline for the PIP has been extended to December 2027, and the current owners have completed some items and are expected to complete others during the sale process. It is expected that a new owner would receive a 15-year franchise license subject to the same PIP, which is comprehensive and estimated to cost around $2.5 million.

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Full Service
Chain / Market Scale: Upper Upscale
Additional Property Type: Hotel
Brand: Holiday Inn
Corridor: Interior
Keys: 148
Building Status: Existing
No. of buildings: 1
Stories: 3
Building size(SF): 85134
Site size: 3.95 AC
Meeting Space: 2400 SF
Sprinklers: Wet
Parking Type: Surface
Parking Spaces: 208
Construction Type: Masonry
Year Build: 2003
Year Renovated: 2018
Room Inventory Description:

84 – Standard Single King
55 – Standard Double Queen
02 – One Bedroom Suite
06 – Handicap Accessible Std Room
01 – Handicap Accessible Suite
148 Total

Common area amenities:

High Speed Internet

Exercise Room

Indoor Pool

Lounge

Restaurant

Source of Business:

Group

Transient

Corporate

Leisure

Commercial

Additional Links:

Location


Country: United States
State: Michigan
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

Brokers

Edward P Walsh, CHB

President and Designated Broker
Alpine Realty Capital, LLC


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