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Hotel-Motel

Fairfield Inn & Suites Midland

506 Buttles St E, Midland, MI 48640

Listing Price: $9,825,000

Cap Rate
9.43%
Number of Rooms
77
RevPAR
$92
Gross SF
44,334
Price/Room
$127,597
Price/Gross SF
$221.61
Year Built
2019

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 77-room Fairfield Inn & Suites located in Midland, Michigan. The hotel is a three-story property that was built in 2019. Fairfield Inn & Suites Midland provides the opportunity for a new owner to acquire a select-service Marriott hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.

Investment Highlights

  • Marriott Brand Affiliation
  • 2019 Construction
  • Increasing NOI and NOI Margin Over the Last Three Years
  • Positive-Trending RevPAR for Subject Property and Competitive Set
  • Proximate to Dow Chemical Global Headquarters, XALT Energy, Dow Diamond, Midland Country Club, Northwood University, and More

Exclusively Listed By

  • Scott J. Havericak

    First Vice President Investments

    (954) 245-3527

    Email Scott

    License(s): FL: SL3281416

    Fort Lauderdale

  • Robert S. Hunter

    Senior Managing Director Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Hotel-Motel

Fairfield Inn & Suites Midland

Listing Price: $9,825,000

Cap Rate
9.43%
Number of Rooms
77
RevPAR
$92
Gross SF
44,334
Price/Room
$127,597
Price/Gross SF
$221.61
Year Built
2019

Investment Highlights

  • Marriott Brand Affiliation
  • 2019 Construction
  • Increasing NOI and NOI Margin Over the Last Three Years
  • Positive-Trending RevPAR for Subject Property and Competitive Set
  • Proximate to Dow Chemical Global Headquarters, XALT Energy, Dow Diamond, Midland Country Club, Northwood University, and More

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 77-room Fairfield Inn & Suites located in Midland, Michigan. The hotel is a three-story property that was built in 2019. Fairfield Inn & Suites Midland provides the opportunity for a new owner to acquire a select-service Marriott hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.

Exclusively Listed By

  • Scott J. Havericak

    First Vice President Investments

    (954) 245-3527

    Email Scott

    License(s): FL: SL3281416

    Fort Lauderdale

  • Robert S. Hunter

    Senior Managing Director Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Steve Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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