Skip to main content

Hotel-Motel

Baymont Inn & Suites Madison Heights

32800 Stephenson Hwy, Madison Heights, MI 48071

Listing Price: $6,900,000

Number of Rooms
120
RevPAR
$48
Price/Room
$57,500
Year Built
1988

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 Baymont Inn & Suites Madison Heights. The Hotel is offered at $7,500,000 or $62,500 per key. The 120-room, three-story building was constructed in 1988 and spans 2.49 acres. In the end on 2022, room revenues reached $2.1 million while maintaining a net operating income of $746 thousand, or 35.3 percent of gross revenues. The limited-service Hotel is an ideal investment for an owner-operator who can maximize the Property’s value-add potential through operational initiatives and aggressive revenue management strategies.

Investment Highlights

  • Recently renovated property with minimal PIP expesnes passed to new ownership.
  • The property has shown consistent Departmental & Undistributed Operational Expense ratios from 2019 to 2022. A&G expense has ben cut by nearly half since 2019, from 1.4% to 0.8%
  • Located in Madison Heights, Michigan - Prime location to popular destinations such as the Detroit Zoo, the Little Ceasers Arena, and the Detroit Institute of Arts

Exclusively Listed By

Hotel-Motel

Baymont Inn & Suites Madison Heights

Listing Price: $6,900,000

Number of Rooms
120
RevPAR
$48
Price/Room
$57,500
Year Built
1988

Investment Highlights

  • Recently renovated property with minimal PIP expesnes passed to new ownership.
  • The property has shown consistent Departmental & Undistributed Operational Expense ratios from 2019 to 2022. A&G expense has ben cut by nearly half since 2019, from 1.4% to 0.8%
  • Located in Madison Heights, Michigan - Prime location to popular destinations such as the Detroit Zoo, the Little Ceasers Arena, and the Detroit Institute of Arts

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 Baymont Inn & Suites Madison Heights. The Hotel is offered at $7,500,000 or $62,500 per key. The 120-room, three-story building was constructed in 1988 and spans 2.49 acres. In the end on 2022, room revenues reached $2.1 million while maintaining a net operating income of $746 thousand, or 35.3 percent of gross revenues. The limited-service Hotel is an ideal investment for an owner-operator who can maximize the Property’s value-add potential through operational initiatives and aggressive revenue management strategies.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower