Hotel companies investing $6.5M in area city

Two hotels are spending more than $6.5 million to remodel, add on and build new in Troy.

A new Home2Suites is working on its foundation now at 1805 Towne Park Drive, said Troy’s economic development director Jim Dando. It will be a 60,900-square-foot, four-story hotel with an indoor pool, with construction costs valued at more than $4.5 million, according to Miami County records.

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The existing Holiday Inn Express & Suites is also spending more than $2 million on renovations and additions of 21,213 square feet at 60 Troy Town Drive, according to the records.

“It freshens the Holiday Inn. The best hotels obviously do remodeling from time to time and what I like about this it also increases the number of rooms,” Dando said.

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The hotels will help with the high occupancy rates of Troy hotels. Home2Suites will be geared toward longer travels and the additional rooms at the Holiday Inn will meet the needs of the business community, Dando said.

“We have quite a few business travelers that come to Troy for training events at Honda, Hobart Brothers, Hobart Corporation,” Dando said.

The first Ohio Home2Suites hotel opened in Liberty Twp. in 2016. There are also Home2Suite locations on Cornerstone North Boulevard in Centerville and 6615 Town Center Drive in Vandalia.


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