The Holly Hotel
Historic & Iconic Holly Restaurant For Sale
Marketing description
The premier destination restaurant, The Holly Hotel, was damaged by a neighboring fire in 2022. It is now remediated and ready for renovations. A new owner has the opportunity to re-create this one of a kind property and open it for a waiting, and established clientele. All antiques that were saved are stored and will transfer along with FFE and liquor license. Owners have been running this gem since the 1970's and have decided this is the time to sell. The Holly Hotel will remain on the National Register of Historic Places and is eligible for numerous historic grants, MEDC funding, State of Michigan Historic Commission funding/tax incentives, Oakland County Historic Downtown funding, and low interest financing. Seller has already explored the above and will work with a new buyer in pursuing these options.
Investment highlights
- Built in 1891, The Holly Hotel, an iconic destination restaurant for over 40 years is now for sale
- Located in downtown Holly, this destination has been bringing patrons to the town for decades
- 1st floor seats 140, 2nd floor seats 128, lower level with separate entrance seats 68, and seasonal outdoor seating
- 12 private parking spaces with free public parking across the street and throughout Holly
- The western exterior wall has been damaged by a tragic fire originating next door, but the building has been certified as structurally sound
- All fire/smoke/water damage has been remediated. Walls are stripped to studs, floors exposed
- All salvaged antiques, FFE, trademarks, mailing lists, website, and class C liquor license are included in the asking price
- The exterior western wall will be restored prior to the conclusion of any sale
- Asking price is $899,000.00, more info at www.hollyhotel.com
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