The old Holiday Inn in Bay City went up for auction on Monday.
The 501 Saginaw St. property is 55,356 square feet and is located on 1.46 acres of land. The bidding started at $300,000.
The four-story building was built in 1968 and features 99 rooms. The property recently had 48 guest rooms renovated.
The property sold for $1.025 million on Wednesday.
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