New Construction Hotel on Medical Campus

MDG was approached to develop a hotel on the campus of the Cleveland Clinic.  The campus already had an InterContinental Hotel and InterContinental Suites, so a requirement of the project was to use an IHG flag and management so that there could be shared services savings for the complex.  MDG developed a 276-room, full service Holiday Inn that opened early and under budget.  The ramp-up period for the hotel was a short ninety days and the asset has since been refinanced.  The property remains a top-tier hotel within the IHG system.