Hotels for Sale

Michigan 5 Hotel Portfolio

Description:
  • Fee simple interest in five property, limited-service, Michigan¬†portfolio totaling 340 keys, available as a portfolio or for individual sale
  • Portfolio includes performing Hilton and IHG product at a blended +9.5% cap rate on trailing 12 month NOI
  • Offered unencumbered of management and debt with minimal PIP expected of a new buyer
  • Seller has completed approximately $5.4MM ($16k/key) worth of improvements over the preceding 36-months
  • Portfolio is spread amongst three markets allowing for strong operating economies of scale
  • All five assets are situated within a heavily trafficked major interstate corridor with upwards of +144,000 cars passing the locations daily
  • Ideally situated relative to all primary regional corporate, university and leisure demand generators
  • Proximate to a Top-15 MSA with over 4MM residents and a major US airport with over 32MM passengers annually

Listing Agents

Mike Schlictman
T | 803.920.4173
Email Agent

Hussain Waseem
T | 773.526.8713
Email Agent

Daniel Jackson
T: 312.937.3669
Email

Bennett Webster
T: 312.239.0560
Email

Brent Clemens
T: 312.402.2959
Email

Categories List:   

Send message to listing owner