Inland National Development Co. Sells 98-room Tru By Hilton And 109-room Home2 Suites For $32M

The transaction involved the sale of two hotels located at 12400 Riley Street and 3140 West Shore Drive in Holland, MI. The combined sale price for the 98-room Tru by Hilton Holland and 109-room Home2 Suites by Hilton Holland was $32,000,000, with a total of 207 keys at a price per key of $154,589.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $32,000,000
• Address: 12400 Riley Street & 3140 West Shore Drive
• Market: Holland, MI
• Keys: 207
• Seller: Anthony Casaccio - Inland National Development Co.

An affiliate of Inland National Development Co. executed this sale, marking their second and third hotel dispositions in recent years. This transaction aligns with INDC's hospitality development strategy as they expand their portfolio of hotel assets in key U.S. markets.