First Hospitality Group buys the Grand Plaza Hotel in Toledo

First Hospitality Group acquired the Grand Plaza Hotel in Toledo, Ohio.

The Chicago-based hotel developer purchased the hotel for $8.12 million, and plans to renovate the property over an eight-month period. The update is planned to recast the hotel as a four-star hotel, and First Hospitality also hopes to attach a national brand to the property.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


The cost of the renovations has not yet been revealed. The property was last sold roughly one year ago for $8.5 million.

Suggested Articles

The project encompassed a real-time, two-way integration between Infor HMS and Glowing’s Digital Engagement Cloud at Mandarin Oriental hotels.

Two upcoming hotels (and one historic property) in sunshine destinations have announced new leaders for their F&B programming.

For the week of Sept. 6-12, occupancy reached 48.5 percent, down 1.6 percent from the previous week.