Holiday Innformation

Source: hrec.com

Holiday Inn to become Clarion
New owners to change décor, upgrade rooms
http://www.journalgazette.net/apps/pbcs.dll/article?AID=/20070724/BIZ/707240370

"Fort Wayne Hospitality LLC purchased the 208-room hotel for an undisclosed price last week and will remodel it, said Susan Arney, the hotel’s general manager. The Miami-based company is calling the hotel the Fort Wayne Inn temporarily. Fort Wayne Hospitality plans to change the hotel to the Clarion brand in three to six months, she said."

"Lodgian’s statement showed the downtown hotel had not fared well in the past year. The company reported the Holiday Inn had a net loss of $83,000 in the year that ended June 30. That breaks down to a loss of $399 a room. A typical hotel in that location and price bracket made between $4,000 and $10,000 per available room during the same period, said Mark Eble, vice president at the Indianapolis office of PKF Consulting, a firm that advises hospitality businesses."

"Fort Wayne Hospitality plans to renovate the former Holiday Inn extensively. It will repaint the hotel’s peach exterior and install plasma televisions in each room, Arney said."

"The Fort Wayne Inn’s renovation will make it more attractive to travelers, Arney said. Visitors to Grand Wayne Center soon could choose from three hotels – the Fort Wayne Inn, the Hilton and the proposed Courtyard by Marriott that is part of the $120 million Harrison Square downtown redevelopment project."