Residence Inn Madison Heights, MI

Listing Agents

Eric Skipworth

Detailed Information
Property Highlights
  • Fee simple interest in the institutionally owned and third-party managed 96-room Residence Inn by Marriott Detroit-Troy-Madison Heights, MI
  • Offered unencumbered by debt and management
  • Ability to relicense with Marriott, with license term to be determined in discussions with brand
  • PIP scope and cost expected to be reflective of and appropriate for available relicense term
  • Adjacent to and visible from Interstate-75, W 14 Mile Road, and Stephenson Highway with upwards of 70,000 vehicles passing the location daily
  • Readily accessible to all university demand including Walsh College, Rochester University, Oakland University, and Macomb County Community College with a current enrollment of over 33,000 students
  • Readily accessible to all neighboring healthcare demand including the 530-bed Beaumont Hospital Troy, and the 1,131-bed Beaumont Hospital Royal Oak, a Level 1 Trauma Center ranked as the second-best hospital in the state of Michigan
  • Proximate to all broader Detroit Metro area corporate demand including downtown Detroit, General Motors Headquarters, Ford Headquarters, and the 5.3MM square-foot Stellantis North American Headquarters which employees over 46,000 people
  • Proximate to Detroit Metropolitan Airport (DTW) which saw an annual increase of ~12% in total passenger volume for 2023
  • Property received nearly $500k in capital renovations completed over trailing 18-months
  • Optimal time to capitalize on the counter-cyclical growth of the Detroit Metropolitan Area anchored by nearly $3BB of private and public construction projects over the past four years and a recently revealed $2.5BB investment through a partnership of Henry Ford Health, the Pistons, and Michigan State University

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