Detroit Marriott Livonia, MI

Listing Agents

Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com

Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the upscale, core-branded 224-room Marriott Livonia
  • Available unencumbered of debt and management
  • Ability to relicense property under the existing Marriott flag for a new long-term franchise agreement upon completion of the PIP
  • Consistent strong performer with trailing-36 month pre-COVID average occupancy of ~75%
  • Variety of alternative branding options available for buyers seeking alternative flags
  • Strong operational upside in purchasing from out of state ownership and third party management to better leverage local and Midwest regional operating economies of scale
  • Asset ideally situated adjacent to heavily trafficked I275 corridor with ~140,000 vehicles passing the location daily
  • I275 Corridor affords ideal demand mix of University, Corporate, Healthcare, and Industrial demand and is a focal point for regional employment growth
  • Readily accessible and proximate to the I96 and I696 corridors – two of the primary east/west corridors for the Detroit metro area
  • Livonia employers include a prominent list of national and multi-national blue chip firms – including Amazon, McLaren Performance Technologies, Rosch Enterprises, and Trinity HealthCare Systems Headquarters
  • Ideally situated amongst affluent west Oakland County communities of Plymouth, Northville, and Novi (ranked second amongst the fastest growing communities in Michigan for 2021)
  • Opportune time to be investing in the top-20 MSA Metro Detroit with market recovery consistently grossly outpacing national recovery including trailing-three month occupancy of ~60%
  • Readily accessible to all broader area demand including University of Michigan, downtown Detroit, big three auto regional operations, the Detroit Defense Corridor, and Detroit Metropolitan Airport (consistently ranked amongst the top of US airports in customer satisfaction)
Location