Hotel-Motel
Residence Inn Lansing West
922 Delta Commerce Dr, Lansing, MI 48917
Listing Price: Request For Offer
Investment Overview
PRIME LOCATION: Located along the US I-69, the property is highly visible from the expressway. With new construction along the I-69, the $210 million investment will rebuild 25 miles between Marshall and Charlotte while supporting 2,667 jobs with an approximate completion date of November 2023. VALUE-ADD OPPORTUNITY: Currently institutionally owned and third-party managed, a new owner-operator can see potential upside through a reduction in hotel operational expenses. ON-SITE HOTEL AMENITIES: The hotel comes well-equipped with business center, convenience store, indoor pool, laundry, fitness center, and breakfast area with free hot breakfast. FEE SIMPLE OFFERING: The Property is offered fee simple and unencumbered by any management contracts or existing debt. DIVERSE DEMAND GENERATORS: General Motors Lansing Delta Township (6.0 Miles), Sparrow Hospital (6.9 Miles), Amazon’s Fulfillment Center (3.0 Miles), Lansing Event Center (6.3 Miles), Michigan State University (10.3 Miles), and the Potter Park Zoo (9.1 Miles).
Residence Inn Lansing West
Investment Highlights
- BUILDING ATTRIBUTES: The Marriott-branded hotel is a three-story, 78-room, extended stay limited-service property built in 1997.
- PROMINENT MARKET: The hotel is conveniently situated right off Saginaw Highway. Positioned within the Central Michigan (MSA), the capital city has a population of nearly 112,644 residents.
- NEARBY AIRPORT: Capital Region International Airport is located just six miles from the hotel. Partnering with major airlines including American and Delta, Lansing airport is Mid Michigan's gateway.
Listing Price: Request For Offer
Investment Highlights
- BUILDING ATTRIBUTES: The Marriott-branded hotel is a three-story, 78-room, extended stay limited-service property built in 1997.
- PROMINENT MARKET: The hotel is conveniently situated right off Saginaw Highway. Positioned within the Central Michigan (MSA), the capital city has a population of nearly 112,644 residents.
- NEARBY AIRPORT: Capital Region International Airport is located just six miles from the hotel. Partnering with major airlines including American and Delta, Lansing airport is Mid Michigan's gateway.
Investment Overview
PRIME LOCATION: Located along the US I-69, the property is highly visible from the expressway. With new construction along the I-69, the $210 million investment will rebuild 25 miles between Marshall and Charlotte while supporting 2,667 jobs with an approximate completion date of November 2023. VALUE-ADD OPPORTUNITY: Currently institutionally owned and third-party managed, a new owner-operator can see potential upside through a reduction in hotel operational expenses. ON-SITE HOTEL AMENITIES: The hotel comes well-equipped with business center, convenience store, indoor pool, laundry, fitness center, and breakfast area with free hot breakfast. FEE SIMPLE OFFERING: The Property is offered fee simple and unencumbered by any management contracts or existing debt. DIVERSE DEMAND GENERATORS: General Motors Lansing Delta Township (6.0 Miles), Sparrow Hospital (6.9 Miles), Amazon’s Fulfillment Center (3.0 Miles), Lansing Event Center (6.3 Miles), Michigan State University (10.3 Miles), and the Potter Park Zoo (9.1 Miles).
