Hotel-Motel
Four Points by Sheraton Saginaw
4960 Towne Centre Rd, Saginaw, MI 48604
Listing Price: Request For Offer
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Four Points by Sheraton Saginaw (‘Hotel’ or ‘Property’). The Marriott International-branded Hotel is offered on a call for offers basis. Please reach out to the listing agent for more information. The Four Points by Sheraton Saginaw is a 140-room, six-story Hotel stationed at 4960 Towne Center Road, just off Interstate 675 and Highway 84. This upscale Hotel is well equipped with many common areas and guest room amenities. The guest rooms include a mini-refrigerator, work desk and ergonomic chair, flat-screen television, and individual climate control. Some common area amenities include an indoor/outdoor pool and whirlpool, fitness center, business center, and four event/meeting rooms, totaling 3,842 square feet. The Property includes a fully leased restaurant and bar space, generating additional rental income. The city of Saginaw, Michigan, is in mid-Michigan, approximately 100 miles north of Detroit, Michigan, and 75 miles northeast of Lansing, Michigan. With the city’s popular room generators near the Property, this Hotel benefits from many key industries of the city, which include manufacturing, clean energy, and technology research. The DOW Event Center and Saginaw Valley State University, two of the city’s outstanding demand generators, are located 4.2 miles and 3.7 miles from the Hotel, respectively. Other demand generators include MBS International Airport (10.5 miles), Fashion Square Mall (0.7 miles), Temple Theatre (4.4 miles), and Ascension St. Mary’s Hospital (0.5 miles). Through 2021, the limited-service Hotel recorded room revenues of over $2.1 million and a net operating income above $433.3 thousand, or 18.2 percent as a percentage of total revenues, after a 4 percent capital replacement reserve and a 3 percent management fee reserve. In the same period, the Hotel recorded an 82 percent RevPAR penetration index, suggesting upside potential for a new investor to implement revenue management strategies and boost RevPAR.
Four Points by Sheraton Saginaw
Investment Highlights
- Six-Story, 140-Room, Select-Service, Upscale Hotel with Fully Leased Restaurant and Bar Space
- Strategic Location just off Interstate 675 and Highway 84
- Situated Near Multiple Key Demand Generators Including Saginaw Valley State University, DOW Event Center, and MBS International Airport
- 82 Percent RevPAR Penetration Index Through 2021, Suggesting Upside Potential Through Revenue Management Strategies
- Rental Income Includes NNN Lease from UNOs Pizzeria of Approximately $120,000/Year
Listing Price: Request For Offer
Investment Highlights
- Six-Story, 140-Room, Select-Service, Upscale Hotel with Fully Leased Restaurant and Bar Space
- Strategic Location just off Interstate 675 and Highway 84
- Situated Near Multiple Key Demand Generators Including Saginaw Valley State University, DOW Event Center, and MBS International Airport
- 82 Percent RevPAR Penetration Index Through 2021, Suggesting Upside Potential Through Revenue Management Strategies
- Rental Income Includes NNN Lease from UNOs Pizzeria of Approximately $120,000/Year
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Four Points by Sheraton Saginaw (‘Hotel’ or ‘Property’). The Marriott International-branded Hotel is offered on a call for offers basis. Please reach out to the listing agent for more information. The Four Points by Sheraton Saginaw is a 140-room, six-story Hotel stationed at 4960 Towne Center Road, just off Interstate 675 and Highway 84. This upscale Hotel is well equipped with many common areas and guest room amenities. The guest rooms include a mini-refrigerator, work desk and ergonomic chair, flat-screen television, and individual climate control. Some common area amenities include an indoor/outdoor pool and whirlpool, fitness center, business center, and four event/meeting rooms, totaling 3,842 square feet. The Property includes a fully leased restaurant and bar space, generating additional rental income. The city of Saginaw, Michigan, is in mid-Michigan, approximately 100 miles north of Detroit, Michigan, and 75 miles northeast of Lansing, Michigan. With the city’s popular room generators near the Property, this Hotel benefits from many key industries of the city, which include manufacturing, clean energy, and technology research. The DOW Event Center and Saginaw Valley State University, two of the city’s outstanding demand generators, are located 4.2 miles and 3.7 miles from the Hotel, respectively. Other demand generators include MBS International Airport (10.5 miles), Fashion Square Mall (0.7 miles), Temple Theatre (4.4 miles), and Ascension St. Mary’s Hospital (0.5 miles). Through 2021, the limited-service Hotel recorded room revenues of over $2.1 million and a net operating income above $433.3 thousand, or 18.2 percent as a percentage of total revenues, after a 4 percent capital replacement reserve and a 3 percent management fee reserve. In the same period, the Hotel recorded an 82 percent RevPAR penetration index, suggesting upside potential for a new investor to implement revenue management strategies and boost RevPAR.
