The Sullivan University System has acquired a former Holiday Inn hotel in southeast Louisville with plans to convert the property into college housing for nearly 400 students.
The 138,000-s.f. hotel sits on five acres and is comprised of 200 rooms and suites, 4,500 s.f. of meeting space and a 4,000-s.f. dining room. The property has had nearly $4.5 million in upgrades over the past four years and Sullivan plans to invest another $1 million to convert the facility into college housing.
The Sullivan University System has previously not owned student housing but has leased blocks of apartments in four different complexes in the east end of the city.
“This amazing opportunity to acquire this property so close to two of our major campuses (Sullivan University and the Sullivan College of Technology and Design) will help us alleviate a growing student housing need as more students from across Kentucky, Indiana and 36 other states now attend the university, with many needing convenient and modern student housing,” said Chancellor Dr. A.R. Sullivan.
Modifications to the property will include a full security camera system, an onsite convenience store, a revamped dining area and kitchen, expanded workout facilities and computer study facilities. The renovations are expected to be complete by late February.