Inland National Development Company (INDC) has successfully finalized the sale of two Hilton-branded properties in Holland for $32 million. The transaction involves a 98-room Tru by Hilton and a 109-room Home2 Suites by Hilton, marking a significant milestone in the firm’s ongoing expansion and hospitality development strategy.
Key takeaways
- The combined sale price for the two properties reached $32 million.
- The portfolio includes a 98-room Tru by Hilton and a 109-room Home2 Suites by Hilton.
- Both hotels are strategically situated along US 31.
- The deal represents the second and third hotel sales for INDC in recent years.
Strategic growth in hospitality
The divestment of these assets serves as a testament to the effectiveness of Inland National Development Company’s current hospitality development strategy. By delivering high-quality assets that perform well within the competitive marketplace, the firm continues to attract significant interest from investors. Anthony Casaccio, CEO and President of INDC, noted that the successful completion of these sales highlights the company’s ability to execute complex development projects that yield strong market results.
Asset details and market position
The two properties, located along the busy US 31 corridor, provide a combined total of 207 rooms. The dual-branded nature of the development allows for operational efficiencies and a broader appeal to diverse traveler segments. Tru by Hilton typically targets a younger, more cost-conscious demographic, while Home2 Suites provides extended-stay options for business and leisure travelers. This strategic location ensures high visibility and accessibility, which are critical factors for the long-term success of hospitality assets.
Future outlook
As INDC continues to scale its operations, this transaction marks an important milestone in its broader corporate strategy. The firm remains focused on identifying opportunities that align with its development goals, ensuring that its portfolio continues to evolve in response to changing market demands. By maintaining a disciplined approach to development and divestment, INDC is well-positioned to sustain its momentum in the hospitality sector.