Extended Stay America Auburn Hills, MI

Listing Agents

Andrew Makhlouf
312.610.9067
amakhlouf@paramountlodging.com

Brent Clemens
312.402.2959
bclemens@paramountlodging.com

Detailed Information
Property Highlights
  • Fee-simple interest in the corporate owned and corporate managed 139-room Extended Stay America (ESA) Auburn Hills Featherstone Rd MI
  • Offered unencumbered of brand, debt, and management – with a variety of alternative brand options available for conversion
  • Product type with fully equipped kitchens is ideal for potential residential conversion or other alternative use pending zoning and municipality approval
  • Located across I-75 from Stellantis North American Headquarters (Chrysler) which consists of over 500 acres and 5.4M SF of usable building space
  • Situated less than two miles from Oakland University, the second-largest university in the Detroit MSA with an enrollment of over 15,000 students
  • Ideally located within the Detroit MSA, proximate to all regional demand including, General Motors Headquarters, Ford Headquarters, Detroit Defense Corridor, DTE Energy Music Theater, downtown Detroit, Little Caesars Arena, Ford Field, and Detroit Metropolitan Airport
  • Property is readily accessible via Interstate 75 & State Route 59 interchange with upwards of 190,000 vehicles passing the location daily
  • Rare opportunity to purchase corporate owned ESA assets since the +$6B portfolio acquisition in June 2021
  • Extended stay economy product is widely revered as recession proof and remains a favorite investment sector amidst private and public investors
  • Extended stay market grossly outperformed all other lodging sectors amidst the COVID recovery and is ideally well positioned for forward looking growth
  • High margin business model is ideally well positioned for any forward economic contraction given limited labor requirements with no sales department or food and beverage offering
  • Optimal time to capitalize on the counter-cyclical growth of the Detroit Metropolitan Area on the heels of expansive late-cycle growth across the region and the continued renaissance of downtown Detroit – anchored by nearly $6BB of private and public investments in the past ten years
Location

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