Hotel-Motel
Holiday Inn Express & Suites Sterling Heights-Detroit Area
8515 15 Mile Rd, Sterling Heights, MI 48312
Listing Price: Request For Offer
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors Holiday Inn Express & Suites Sterling Heights-Detroit Area (‘Hotel’ or ‘Property’) located in Sterling Heights, Michigan. The IHG-branded Hotel is being offered on a “Call for Offers” basis. Please contact the listing agent for more information.
The Holiday Inn Express & Suites Sterling Heights-Detroit Area is a four-story hotel with 94 rooms, located at 8515 15 Mile Road in Sterling Heights, Michigan. Just over 20 miles from Downtown Detroit, the Hotel is accessible from Van Dyke Expressway. Various common area amenities at the Property include an indoor heated pool, outdoor patio, sundry shop, meeting/event rooms, fitness center, laundry facility, business center, breakfast area, and vending/ice machines. The Macomb Meeting Room accommodates up to 40 people. The Sterling Meeting Room is suitable for board meetings of up to 16 people.
In the twelve months ending March 2025, the hotel achieved a revenue per available room (RevPAR) penetration of 133 percent, in line with its three-year average of 135 percent. This sustained outperformance highlights the hotel’s strong market share and signals likely above-market revenue and solid investor returns.
Sterling Heights, Michigan, the state's fourth-largest city, is strategically positioned within the Detroit-Warren-Dearborn Metropolitan Statistical Area, a major economic hub ranking as the 14th largest in the U.S. This location, coupled with a robust and diverse economy anchored in high-tech manufacturing, defense innovation, and advanced automotive engineering, presents a compelling landscape for hotel investors seeking sustained demand and long-term growth. Excellent transportation infrastructure, including convenient access to M-59 and I-75, and a reasonable drive to Detroit Metropolitan Wayne County Airport (DTW – 36.5 miles), a major global aviation hub, further enhances the city's appeal to both corporate and government travelers.
A recognized leader in defense manufacturing and innovation, Sterling Heights is home to industry giants such as BAE Systems (0.9 miles), General Dynamics Land Systems (GDLS – 3.6 miles), Rheinmetall (1.8 miles), US Army TACOM (5.1 miles), and KUKA (1.7 miles). These key employers, along with nearby U.S. Army installations and related contractors, generate significant high-paying employment opportunities. Further bolstering this sector, the Arsenal Alliance, a collaborative initiative with the City of Warren, strategically invests $1 million annually to expand the multi-billion-dollar defense industry. This partnership aims to leverage additional state and federal funding for crucial infrastructure development and workforce training, solidifying Sterling Heights as a primary destination for government and defense-related business travel.
Beyond its defense sector strength, the region boasts a substantial corporate presence in automotive, manufacturing, and advanced technology. Major employers, including Stellantis (Sterling Stamping Plant – 0.5 miles), Ford Motor Company – Van Dyke Plant (3.6 miles miles), Magna International (10.3 miles) and the General Motors Technical Center (3.4 miles) in neighboring Warren, consistently drive demand for business-class lodging, meeting facilities, and extended-stay accommodations.
Sterling Heights benefits from its proximity to prominent academic institutions—Oakland University (17.7 miles), Wayne State University (16.5 miles), Macomb Community College (5.5 miles), and Lawrence Technological University (18.9 miles). These institutions not only contribute a highly skilled workforce but also serve as consistent sources of transient lodging demand through academic conferences, recruitment events, and training seminars, while fostering a dynamic, tech-forward business environment.
The healthcare sector also plays a significant role in the local economy, with major providers such as Corewell Health (Troy Hospital – 8.4 miles and Royal Oak campuses), Ascension Macomb-Oakland (7.1 miles), Henry Ford Macomb Hospital (7.7 miles), and multiple VA Medical Centers generating reliable lodging demand from patients, medical staff, and visiting professionals.
Complementing its strong business and institutional foundations, Sterling Heights attracts leisure travelers through popular events like the annual Sterlingfest Art & Music Fair, performances at the Michigan Lottery Amphitheatre at Freedom Hill (3.7 miles), and recreational opportunities at Dodge Park (3.8 miles). Additional nearby attractions such as Somerset Collection (9.2 miles), an upscale shopping destination; Jimmy John’s Field (5.7 miles), a minor league baseball stadium offering family-friendly fun; and the Detroit Zoo (12.4 miles), a renowned wildlife and conservation park, further enhance the area’s appeal by providing diverse leisure experiences for all ages.
Sterling Heights is actively investing in strategic development, positioning itself as a hub for growth and innovation. A key example is the transformational Lakeside Mall redevelopment, which is set to become a major regional destination for retail, dining, and entertainment. The city is working closely with the Michigan Economic Development Corporation (MEDC) to attract new residents, businesses, and visitors, creating strong demand for hospitality services in the area. The economic impact of the project is expected to include over 1,000 jobs, hundreds of millions of dollars in new investments, and increased tax revenue. This level of investment, combined with the city's focus on infrastructure and mixed-use development, presents a significant opportunity in a vibrant, future-focused market.
Investment Highlights
- Strong Corporate Demand: Surrounded by major employers like Stellantis, Ford, GM, and BAE Systems—driving steady business travel and extended-stay lodging.
- Defense Industry Hub: Home to GDLS, Rheinmetall, and TACOM; benefits from $1M+ annual investment in the Arsenal Alliance defense growth initiative.
- Education & Healthcare: Proximity to universities and major hospitals generates consistent transient demand from students, faculty, and medical travelers.
- Robust Leisure Appeal: Close to Sterlingfest, Freedom Hill Amphitheatre, Somerset Collection, and the Detroit Zoo—broadening weekend and family travel demand.
- City-Led Development: Sterling Heights invests in infrastructure and mixed-use projects like the Lakeside Mall redevelopment—fueling long-term growth.
- Modern Hotel Brand: Branded under Holiday Inn Express, a globally recognized flag known for quality service, strong loyalty program, and consistent occupancy performance.
- RevPAR Strength Supports Returns: In the 12 months to March 2025, RevPAR penetration hit 133%, near the 3-year average, signaling strong market share and likely solid investor returns.
Hotel-Motel
Holiday Inn Express & Suites Sterling Heights-Detroit Area
Listing Price: Request For Offer
Investment Highlights
- Strong Corporate Demand: Surrounded by major employers like Stellantis, Ford, GM, and BAE Systems—driving steady business travel and extended-stay lodging.
- Defense Industry Hub: Home to GDLS, Rheinmetall, and TACOM; benefits from $1M+ annual investment in the Arsenal Alliance defense growth initiative.
- Education & Healthcare: Proximity to universities and major hospitals generates consistent transient demand from students, faculty, and medical travelers.
- Robust Leisure Appeal: Close to Sterlingfest, Freedom Hill Amphitheatre, Somerset Collection, and the Detroit Zoo—broadening weekend and family travel demand.
- City-Led Development: Sterling Heights invests in infrastructure and mixed-use projects like the Lakeside Mall redevelopment—fueling long-term growth.
- Modern Hotel Brand: Branded under Holiday Inn Express, a globally recognized flag known for quality service, strong loyalty program, and consistent occupancy performance.
- RevPAR Strength Supports Returns: In the 12 months to March 2025, RevPAR penetration hit 133%, near the 3-year average, signaling strong market share and likely solid investor returns.
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors Holiday Inn Express & Suites Sterling Heights-Detroit Area (‘Hotel’ or ‘Property’) located in Sterling Heights, Michigan. The IHG-branded Hotel is being offered on a “Call for Offers” basis. Please contact the listing agent for more information. The Holiday Inn Express & Suites Sterling Heights-Detroit Area is a four-story hotel with 94 rooms, located at 8515 15 Mile Road in Sterling Heights, Michigan. Just over 20 miles from Downtown Detroit, the Hotel is accessible from Van Dyke Expressway. Various common area amenities at the Property include an indoor heated pool, outdoor patio, sundry shop, meeting/event rooms, fitness center, laundry facility, business center, breakfast area, and vending/ice machines. The Macomb Meeting Room accommodates up to 40 people. The Sterling Meeting Room is suitable for board meetings of up to 16 people. In the twelve months ending March 2025, the hotel achieved a revenue per available room (RevPAR) penetration of 133 percent, in line with its three-year average of 135 percent. This sustained outperformance highlights the hotel’s strong market share and signals likely above-market revenue and solid investor returns. Sterling Heights, Michigan, the state's fourth-largest city, is strategically positioned within the Detroit-Warren-Dearborn Metropolitan Statistical Area, a major economic hub ranking as the 14th largest in the U.S. This location, coupled with a robust and diverse economy anchored in high-tech manufacturing, defense innovation, and advanced automotive engineering, presents a compelling landscape for hotel investors seeking sustained demand and long-term growth. Excellent transportation infrastructure, including convenient access to M-59 and I-75, and a reasonable drive to Detroit Metropolitan Wayne County Airport (DTW – 36.5 miles), a major global aviation hub, further enhances the city's appeal to both corporate and government travelers. A recognized leader in defense manufacturing and innovation, Sterling Heights is home to industry giants such as BAE Systems (0.9 miles), General Dynamics Land Systems (GDLS – 3.6 miles), Rheinmetall (1.8 miles), US Army TACOM (5.1 miles), and KUKA (1.7 miles). These key employers, along with nearby U.S. Army installations and related contractors, generate significant high-paying employment opportunities. Further bolstering this sector, the Arsenal Alliance, a collaborative initiative with the City of Warren, strategically invests $1 million annually to expand the multi-billion-dollar defense industry. This partnership aims to leverage additional state and federal funding for crucial infrastructure development and workforce training, solidifying Sterling Heights as a primary destination for government and defense-related business travel. Beyond its defense sector strength, the region boasts a substantial corporate presence in automotive, manufacturing, and advanced technology. Major employers, including Stellantis (Sterling Stamping Plant – 0.5 miles), Ford Motor Company – Van Dyke Plant (3.6 miles miles), Magna International (10.3 miles) and the General Motors Technical Center (3.4 miles) in neighboring Warren, consistently drive demand for business-class lodging, meeting facilities, and extended-stay accommodations. Sterling Heights benefits from its proximity to prominent academic institutions—Oakland University (17.7 miles), Wayne State University (16.5 miles), Macomb Community College (5.5 miles), and Lawrence Technological University (18.9 miles). These institutions not only contribute a highly skilled workforce but also serve as consistent sources of transient lodging demand through academic conferences, recruitment events, and training seminars, while fostering a dynamic, tech-forward business environment. The healthcare sector also plays a significant role in the local economy, with major providers such as Corewell Health (Troy Hospital – 8.4 miles and Royal Oak campuses), Ascension Macomb-Oakland (7.1 miles), Henry Ford Macomb Hospital (7.7 miles), and multiple VA Medical Centers generating reliable lodging demand from patients, medical staff, and visiting professionals. Complementing its strong business and institutional foundations, Sterling Heights attracts leisure travelers through popular events like the annual Sterlingfest Art & Music Fair, performances at the Michigan Lottery Amphitheatre at Freedom Hill (3.7 miles), and recreational opportunities at Dodge Park (3.8 miles). Additional nearby attractions such as Somerset Collection (9.2 miles), an upscale shopping destination; Jimmy John’s Field (5.7 miles), a minor league baseball stadium offering family-friendly fun; and the Detroit Zoo (12.4 miles), a renowned wildlife and conservation park, further enhance the area’s appeal by providing diverse leisure experiences for all ages. Sterling Heights is actively investing in strategic development, positioning itself as a hub for growth and innovation. A key example is the transformational Lakeside Mall redevelopment, which is set to become a major regional destination for retail, dining, and entertainment. The city is working closely with the Michigan Economic Development Corporation (MEDC) to attract new residents, businesses, and visitors, creating strong demand for hospitality services in the area. The economic impact of the project is expected to include over 1,000 jobs, hundreds of millions of dollars in new investments, and increased tax revenue. This level of investment, combined with the city's focus on infrastructure and mixed-use development, presents a significant opportunity in a vibrant, future-focused market.

