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Inland National Development Co. Completes $32M Sale of Two Hilton Hotels
An affiliate of Inland National Development Company, LLC, a member company of The Inland Real Estate Group of Companies, Inc., announced the successful sale of Tru by Hilton Holland and Home2 Suites by Hilton Holland for a combined sales price of $32 million.
The transaction represents INDC’s second and third hotel sales in recent years, underscoring the firm’s continued success and growth within the hospitality sector. “The sale of these two Hilton-branded hotels is an important milestone for INDC and reflects the strength of our hospitality development strategy,” said Anthony Casaccio, CEO and President of Inland National Development Company. “Completing our second and third hotel sales in recent years demonstrates our ability to deliver high quality assets that perform well in the marketplace and attract strong investor interest.”
The dual-branded hotels include a 98-room Tru by Hilton and a 109-room Home2 Suites by Hilton, and are strategically located along US 31. As INDC continues its growth in the hospitality sector, the sales of Tru by Hilton and Home2 Suites by Hilton hotels in Holland mark an important milestone in the company’s development strategy.
