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Hotel-Motel

Fairfield Inn & Suites Flint Fenton

3125 W Silver Lake Rd, Fenton, MI 48430

Listing Price: $8,995,000

Cap Rate
9.02%
Number of Rooms
80
RevPAR
$68
Price/Room
$112,438
RRM
4.53
Year Built
2011

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 Fairfield Inn & Suites Fenton (‘Hotel’ or ‘Property’). The Marriott International-branded Hotel is offered at $8,995,000 or $112,438 per key. The Fairfield Inn & Suites Fenton is located at 3125 W Silver Lake Rd in Fenton, Michigan just off Highway 23. The 80-room, three-story building was built in 2011 and sits on an expansive 3.75-acre plot. With approximately 50,000 square feet spread across 3 floors, the Property maintains an array of common area amenities including an indoor pool, fitness center, business center, meeting space, and a guest laundry facility. A part of the Flint metropolitan statistical area, Fenton is a city in Michigan that’s situated roughly 60 miles northwest of Detroit. Located mostly within Genesee County, Fenton is intersected by Highway 23 which provides access to the nearby Interstate 75 and 69 that lead to Lansing, Ann Arbor, Detroit, Flint, and Grand Rapids. Nearby, the scenic parks and natural attractions scattered throughout the region are popular with visitors from adjacent cities and states alike. Silver Lake Park, Seven Lakes Vineyard & Winery, Dauner Martin Nature Sanctuary, and Deerfield Hills Nature Area are just a few of the most popular natural attractions Fenton provides. Additionally, the AJ Philips Fenton Museum provides an educational attraction for both history buffs and out-of-town visitors. Outside of recreational activities, Fenton’s economy also relies on businesses in the retail trade, health care, and manufacturing industries to spur the local economy. Businesses in technology and manufacturing such as Acument Global Technologies, Magna, Webasto, General Motors, and Thompson IG provide a massive contribution to the city’s economy. Lastly, Genesys Regional Medical Center is largely the most important contributor within Fenton’s health care industry. During the twelve-months of April 2022, the Hotel recorded room revenues of over $1.98 million, coupled with an ideal net operating income flow-through of 40.3 percent of total revenue, which equates to over $811.3 thousand, after a four percent capital replacement reserve and three percent management fee. Since the competitive set RevPAR has yet to return to 2019 levels, a new investor should expect RevPAR growth throughout the upcoming years.

Investment Highlights

  • Three-Story, 80-Room, Limited-Service, Marriott International-Branded Hotel
  • Highly Visible and Easily Accessible from Silver Lake Road Just Off Highway 23
  • Nearby Businesses Include Genesys Regional Medical Center, General Motors, Acument Global Technologies, Magna, Webasto, and Thompson IG
  • Trailing Twelve Month April 2022 Room Revenues Over $1.98 Million and Net Operating Income of $811.3 Thousand

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Hotel-Motel

Fairfield Inn & Suites Flint Fenton

Listing Price: $8,995,000

Cap Rate
9.02%
Number of Rooms
80
RevPAR
$68
Price/Room
$112,438
RRM
4.53
Year Built
2011

Investment Highlights

  • Three-Story, 80-Room, Limited-Service, Marriott International-Branded Hotel
  • Highly Visible and Easily Accessible from Silver Lake Road Just Off Highway 23
  • Nearby Businesses Include Genesys Regional Medical Center, General Motors, Acument Global Technologies, Magna, Webasto, and Thompson IG
  • Trailing Twelve Month April 2022 Room Revenues Over $1.98 Million and Net Operating Income of $811.3 Thousand

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 Fairfield Inn & Suites Fenton (‘Hotel’ or ‘Property’). The Marriott International-branded Hotel is offered at $8,995,000 or $112,438 per key. The Fairfield Inn & Suites Fenton is located at 3125 W Silver Lake Rd in Fenton, Michigan just off Highway 23. The 80-room, three-story building was built in 2011 and sits on an expansive 3.75-acre plot. With approximately 50,000 square feet spread across 3 floors, the Property maintains an array of common area amenities including an indoor pool, fitness center, business center, meeting space, and a guest laundry facility. A part of the Flint metropolitan statistical area, Fenton is a city in Michigan that’s situated roughly 60 miles northwest of Detroit. Located mostly within Genesee County, Fenton is intersected by Highway 23 which provides access to the nearby Interstate 75 and 69 that lead to Lansing, Ann Arbor, Detroit, Flint, and Grand Rapids. Nearby, the scenic parks and natural attractions scattered throughout the region are popular with visitors from adjacent cities and states alike. Silver Lake Park, Seven Lakes Vineyard & Winery, Dauner Martin Nature Sanctuary, and Deerfield Hills Nature Area are just a few of the most popular natural attractions Fenton provides. Additionally, the AJ Philips Fenton Museum provides an educational attraction for both history buffs and out-of-town visitors. Outside of recreational activities, Fenton’s economy also relies on businesses in the retail trade, health care, and manufacturing industries to spur the local economy. Businesses in technology and manufacturing such as Acument Global Technologies, Magna, Webasto, General Motors, and Thompson IG provide a massive contribution to the city’s economy. Lastly, Genesys Regional Medical Center is largely the most important contributor within Fenton’s health care industry. During the twelve-months of April 2022, the Hotel recorded room revenues of over $1.98 million, coupled with an ideal net operating income flow-through of 40.3 percent of total revenue, which equates to over $811.3 thousand, after a four percent capital replacement reserve and three percent management fee. Since the competitive set RevPAR has yet to return to 2019 levels, a new investor should expect RevPAR growth throughout the upcoming years.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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