Travelers Inn & Suites – Kokomo, Indiana
The former Quality Inn & Suites is a 3-story full-service property, located 50 miles north of Indianapolis, that enjoys excellent highway visibility and is within close proximity of significant demand generators from auto industry manufacturing plants. The Travelers Inn & Suites contains 119 guestrooms, indoor pool, 3,000 square feet of function space, restaurant and bar.
The hotel was placed in receivership making recent financial statements unavailable. In addition, the bar and restaurant were closed and a significant number of guestrooms were not in rentable condition.
Through a vast marketing effort targeting national and regional owners with the experience in turn-around situations, a large interest in the property was generated.
A regional hotel group immediately saw the potential of this property with its strong location and recent renovations. The new ownership group plans an extensive renovation and a rebranding of the hotel.