Listing Agents
Eric Skipworth
312.248.4109
eskipworth@paramountlodging.com
Andrew Makhlouf
312.610.9067
amakhlouf@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the institutionally owned and third-party managed 239-room Embassy Suites Livonia MI offered for purchase through a traditional sale
- Available unencumbered of debt and management at a significant discount to replacement cost
- Premium-branded full-service asset in a top-20 MSA
- Ability for qualified buyers to retain the Embassy Suites flag with a new long-term license upon completion of the change of ownership PIP
- Substantial operational upside in transitioning away from a larger institutional owner and national third-party operator to an investor with more regional operating economies of scale
- Upscale hotel with over 6,000 SF of event space and Gander’s Restaurant & Lounge
- Strategically positioned right off the I-96 and I-275 expressways with over 177,000 vehicles passing the property daily
- Ideally located within the affluent Livonia market, which is home to over 4,000 businesses, named one of the 25 safest U.S. Cities, Top 100 Best Cities in which to Raise Kids, and one of the Hottest Real Estate Markets in the Nation for millennial homebuyers
- Readily accessible to all local healthcare demand, including Trinity Health, Beaumont Health, and St. Mary Mercy Hospital
- Proximate to all local and regional corporate demand, including Chrysler Headquarters, Ford Headquarters, General Motors Headquarters, McLaren Performance Technologies, NYX Inc., Roush Enterprises, and Amazon
- Located close to all local and regional university demand, including, Oakland University, Central Michigan University, Madonna University, and Baker College
- Readily accessible to all Detroit Metro leisure demand, including Ford Field, Comerica Park, Little Ceasars Arena, DTE Energy Music Theater, Meadow Brook Amphitheater, Twelve Oaks Mall, and Fox Theatre
- Opportune time to invest in a top 20 MSA such as Metro Detroit. Market recovery is consistently outpacing national recovery including the T-3 Occupancy 21% higher over the previous year