The structure was damaged in the series of tornadoes that tore through the Dayton region on Memorial Day weekend.
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Wichita, Kansas-based MK Hospitality Inc., a professional hotel management and acquisition company, bought the property for $1.8 million in 2016.
Navin Makan, chief executive of M.K. Hospitality, told the Dayton Daily News in May 2016 that he planed to invest “at least” $3 million to $4 million in renovations there.
Messages were left with Harrison Twp. officials Tuesday.