Hampton Inn Muskegon, MI

UNDER CONTRACT

• 81-room Hampton Inn Muskegon is offered fee simple interest in the institutionally owned and third-party managed Hilton limited service.
• This asset can also be purchased alone, or in combination with the nearby 83-room Fairfield Inn & Suites Muskegon which is also for sale on another Ten-X auction.
• The asset is readily financeable with strong in-place yield and +$105 RevPAR.
• Opportunity to purchase both assets and capitalize on strong operating synergies and economies of scale in owning two premium branded hotels.
• Offered unencumbered by debt and management with the ability to relicense with Hilton under new long-term franchise agreements.
• Significant operational upside upon completion of PIP and transfer to regional ownership with stronger operating economies.
• Adjacent to and visible from Highway 31 and readily accessible via Interstate 96 with upwards of 80,000 vehicles passing the location daily.
• Proximate to all local leisure demand including downtown Muskegon, 26 miles of Lake Michigan coastline, and the 3,000-seat Trinity Health Arena.
• Home to the ~38,000 square-foot VanDyk Mortgage Convention Center which recently opened in 2021.
• The Muskegon Channel handles over 1 million tons of freight per year contributing to Muskegon’s reputation as a major shipping center for the region.
• Readily accessible to the broader Midwest including the Muskegon County Airport (MKG) and the Lake Express Car Ferry transporting passengers from Milwaukee, WI directly into downtown Muskegon