Fairfield Inn & Suites Grand Rapids, MI

UNDER CONTRACT

• Fee simple interest in the institutionally owned and third-party managed 80-Key Fairfield Inn & Suites Grand Rapids
• Available in the February 7th auction event on Ten-X
• Offered unencumbered by management or debt at a steep discount to replacement cost
• Ability to retain the Fairfield Inn & Suites brand, subject to required PIP and buyer approval by Marriott
• Readily accessible to downtown Grand Rapids
• Situated near Interstate-96 with upwards of 79,000 vehicles of daily traffic
• Proximate to all Grand Rapids healthcare demand, including the Grand Rapids Medical Mile: home to Butterworth Hospital, Meijer Heart Center, Helen DeVos Children’s Hospital, Michigan State’s Grand Rapids Research Center, and Lemmen-Holton Cancer Pavilion
• Located close to all local and regional corporate demand, including Spectrum Health, American Seating, Steelcase, Haworth, GE Aviation Systems, Alticore/Amway, Acrisure, Bissell, Highlight Industries, Spartan Nash, Foremost Insurance Company, Meijer, Wolverine, and Universal Forest Products
• Proximate to local leisure demand, including Grand Rapids Public Museum, General Ford Presidential Museum, Van Andel Arena, Beer City Ale Trail, Frederick Meijer Gardens and Sculpture Park, and John Ball Zoo
• Located close to all local and regional university demand, including Western Michigan University Grand Rapids, Calvin University, Aquinas College, Cornerstone University, Davenport University, Kyper College, Ferris State University, and Grand Valley State University in neighboring Allendale Township
• Less than ten minutes from Gerald R. Ford International Airport which is undergoing a $110M project to accommodate passenger growth
• The Grand Rapids MSA is home to over 1.0M people and is the second-largest MSA in Michigan