India company to convert Clarion to apartmentsWritten by Brigitta Burks | News Editor | BBurks@toledofreepress.com
Councilman D. Michael Collins said that ATN Hospitality, a company out of India, plans to convert the Clarion Hotel into an apartment building starting soon.
ATN Hospitality purchased the hotel in December 2010 for $1.16 million from TransCapital Banking, a Florida banking corporation. The building, which was constructed in 1974, and land is worth $2.85 million, according to the Lucas County Auditor’s website.
When ATN purchased the building, it also took on $180,207.24 in unpaid back taxes. On April 16, the company paid $36,041.25 off that sum and was put on a 24-month payment plan on the unpaid and new taxes, said Joe Beckler, director of real estate for the Lucas County Treasurer’s Office.
“The place has to be completely redone,” Collins said. The councilman said he began talking to ATN in October 2010.
“I have been talking with them on a fairly regular basis on the process,” he said. A representative from the company she needs the permission of her chairman to comment. She said she believes he is coming to the U.S. in mid May.
“I hope this is part of the major stimulus that will then create the environment that will promote Southwyck,” Collins said, adding that he is comfortable with ATN.
“This particular company is recognized; it has a global business,” he also said. “You can call their New York office and you can call their New Delhi office if you’re so inclined.”
The first floor of the building, which Collins believes will house about 205 units, may be used for commercial purposes like a sports bar or a coffeehouse. The apartment building is being modeled off a similar facility in Texas, he added.
ATN plans to specifically market to University of Toledo medical and pharmacy students, Collins said. Once construction on the Michigan hotel is finished he plans to introduce ATN and UT as well as Maumee Valley Country Day.