Hotels for Sale

Sheraton Detroit Metro Airport

Detroit, Michigan
  • Fee-simple interest in the institutionally owned and third-party managed 359-room Sheraton at Detroit Metropolitan International Airport (DTW) offered at a significant discount to replacement cost
  • Property offers two F&B outlets and 14,000 SF of meeting and banquet space
  • Available unencumbered of debt and third-party management with the ability to retain the Sheraton brand with a new long-term license
  • Seller is currently completing a $1.7MM four pipe HVAC system replacement to drive significant utility and maintenance cost savings and improve guest satisfaction scores
  • Direct accessibility and visibility from Merriam Road, with upwards of 150,000 cars passing the location daily along Interstate-94
  • Ideally situated in the heart of the DTW Airport corridor and readily accessible to the airport’s 32.4MM annual passengers
  • Property is well positioned to capitalize on the ongoing Detroit renaissance with increased leisure and corporate visitor growth and Lonely Planet recently recognizing Detroit as the #2 top city to visit in 2018
  • DTW has seen five consecutive years of passenger volume growth totaling nearly 8% across 140 non-stop domestic and international destinations
  • Proximate to all broader demand including the University of Michigan, each of the Big-Three Auto Headquarters, and all downtown Detroit related demand, including, the new $1.2 billion Arena District and $2.1 billion of upcoming Dan Gilbert related investments

Listing Agents

Adam Montufar
T: 515.446.4181

Bennett Webster
T: 312.339.3698

Brent Clemens
T: 312.239.0572

Categories List:   

Send message to listing owner