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Hotel-Motel

Travelodge by Wyndham Grand Rapids North

777 3 Mile Rd NW, Grand Rapids, MI 49544

Listing Price: $6,500,000

Cap Rate
8.00%
Number of Rooms
102
RevPAR
$41
Gross SF
101,495
Price/Room
$63,725
RRM
4.30
Price/Gross SF
$64.04
Year Built
1979

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Travelodge by Wyndham Grand Rapids North, a two-story limited service hotel located in Grand Rapids, Michigan. Hotel amenities include a seasonal outdoor pool, guest laundry facilities and complimentary breakfast. The hotel's 102 guest rooms offer a flatscreen TV, work desk, refrigerator, microwave and coffee maker.

The Travelodge by Wyndham Grand Rapids North represents the opportunity to acquire a Wyndham branded hotel in a growing market. Our Pro Forma analysis assumes the subject property will regain full market share under a new experienced ownership supported by the increasing population and demand growth in West Michigan.

Investment Highlights

  • Ideally Located off of Interstate 96
  • Located in the Grand Rapids MSA, a Worldwide Leader in Office Furniture Manufacturing
  • 16 Miles to Gerald R. Ford International Airport (3.4M Passengers in 2022)
  • Short Drive to Downtown Grand Rapids and Notable Attractions Including Devos Place, The Gerald R. Ford Presidential Museum and Van Andel Arena

Exclusively Listed By

  • Gordon Allred

    Senior Managing Director Investments

    (909) 456-3420

    Email Gordon

    License(s): CA: 00927200, NV: BS.0146254

    Inland Empire

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Hotel-Motel

Travelodge by Wyndham Grand Rapids North

Listing Price: $6,500,000

Cap Rate
8.00%
Number of Rooms
102
RevPAR
$41
Gross SF
101,495
Price/Room
$63,725
RRM
4.30
Price/Gross SF
$64.04
Year Built
1979

Investment Highlights

  • Ideally Located off of Interstate 96
  • Located in the Grand Rapids MSA, a Worldwide Leader in Office Furniture Manufacturing
  • 16 Miles to Gerald R. Ford International Airport (3.4M Passengers in 2022)
  • Short Drive to Downtown Grand Rapids and Notable Attractions Including Devos Place, The Gerald R. Ford Presidential Museum and Van Andel Arena

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Travelodge by Wyndham Grand Rapids North, a two-story limited service hotel located in Grand Rapids, Michigan. Hotel amenities include a seasonal outdoor pool, guest laundry facilities and complimentary breakfast. The hotel's 102 guest rooms offer a flatscreen TV, work desk, refrigerator, microwave and coffee maker. The Travelodge by Wyndham Grand Rapids North represents the opportunity to acquire a Wyndham branded hotel in a growing market. Our Pro Forma analysis assumes the subject property will regain full market share under a new experienced ownership supported by the increasing population and demand growth in West Michigan.

Exclusively Listed By

  • Gordon Allred

    Senior Managing Director Investments

    (909) 456-3420

    Email Gordon

    License(s): CA: 00927200, NV: BS.0146254

    Inland Empire

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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