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 two property Marriott portfolio in Michigan
- Sale includes the 102-room Courtyard by Marriott and the 87-room Residence Inn by Marriott Flint Grand Blanc
- Assets are offered for individual or portfolio sale through a traditional marketing process
- Sale affords buyers the opportunity to purchase both assets and capitalize on strong operating synergies and economies of scale in owning two premium branded neighboring hotels serving different sectors (upscale select-service and extended stay)
- Properties offered unencumbered by debt and management with the ability to relicense with Marriott under new long-term franchise agreements
- Significant operational upside upon completion of PIP and transfer to regional ownership with stronger operating economies
- Assets are adjacent to I-75 and United Spanish War Veterans Memorial Hwy with upwards of 70,000 vehicles passing the location daily
- Adjacent to Bishop International Airport (FNT), the third busiest airport in Michigan, serving ~400,000 passengers in 2022 with service to 13 cities including Chicago, Punta Gorda, Orlando, Las Vegas, Phoenix, and Nashville
- Readily accessible to all local leisure demand including Sloan Museum & Longway Planetarium, the largest county park system in the state of Michigan, and the renowned Warwick Hills Golf & Country Club, known as the former host of the Buick Open, a PGA Tour event
- Readily accessible to University of Michigan-Flint, Mott Community College, and Kettering University, a private institution known for its engineering and business programs
- Proximate to all broader healthcare demand including Hurley Medical Center, a teaching hospital affiliated with Michigan State University that serves as a Level I Trauma Center and provides a comprehensive range of medical services
- Home to Diplomat Pharmacy, the leading provider of independent specialty pharmacy services in the United States and GM-Flint, employing ~7,500 people across two locations and plans to invest more than $1 billion in growth
- Readily accessible to the broader state of Michigan including Downtown Detroit, Ann Arbor, and Lansing, all within a 1-hour drive