Hotel-Motel

Red Roof Inn

5425 W Michigan Ave, Kalamazoo, MI 49009

Listing Price: $4,400,000

Cap Rate
10.85%
Number of Rooms
108
RevPAR
$35
Gross SF
34,176
Price/Room
$40,741
RRM
3.21
Price/Gross SF
$128.75
Year Built
1976

Investment Overview

Marcus & Millichaps National Hospitality Group is pleased to present for sale to qualified investors the Red Roof Inn of Kalamazoo, Michigan. An established property, is located at 5425 West Michigan Avenue, just under three miles from Western Michigan University's main campus.

This two-story, 108-room motel presents a new investor the opportunity to acquire a fully stabilized asset within the heart of Kalamazoo. A well-maintained hospitality asset, and with a full PIP completed in January of 2020, this asset will remain as a leading option for any economy class traveler. In addition, this asset finished 2019 with an ADR and occupancy penetration of 106 percent and 97 percent respectively, which is a clear indicator that it is currently commanding a strong presence in the market.

Operationally, this hotel is currently bringing in $1,382,404 in revenue, resulting in a net-operating income of approximately 34.5 percent net operating margin; this equates $477,394 to before debt service.

Investment Highlights

  • Hotel Originally Built as a Red Roof Inn. Close to Western Michigan University
  • Fully Stabilized Asset with Strong ADR and Occupancy Figures
  • Currently Absentee Owned and Managed, Will be Delivered Unencumbered of Debt
  • Fully Completed PIP in January of 2019-2020
  • Cashflowing and Easily Financeable Asset

Exclusively Listed By

Listing Price: $4,400,000

Cap Rate
10.85%
Number of Rooms
108
RevPAR
$35
Gross SF
34,176
Price/Room
$40,741
RRM
3.21
Price/Gross SF
$128.75
Year Built
1976

Investment Highlights

  • Hotel Originally Built as a Red Roof Inn. Close to Western Michigan University
  • Fully Stabilized Asset with Strong ADR and Occupancy Figures
  • Currently Absentee Owned and Managed, Will be Delivered Unencumbered of Debt
  • Fully Completed PIP in January of 2019-2020
  • Cashflowing and Easily Financeable Asset

Investment Overview

Marcus & Millichaps National Hospitality Group is pleased to present for sale to qualified investors the Red Roof Inn of Kalamazoo, Michigan. An established property, is located at 5425 West Michigan Avenue, just under three miles from Western Michigan University's main campus.

This two-story, 108-room motel presents a new investor the opportunity to acquire a fully stabilized asset within the heart of Kalamazoo. A well-maintained hospitality asset, and with a full PIP completed in January of 2020, this asset will remain as a leading option for any economy class traveler. In addition, this asset finished 2019 with an ADR and occupancy penetration of 106 percent and 97 percent respectively, which is a clear indicator that it is currently commanding a strong presence in the market.

Operationally, this hotel is currently bringing in $1,382,404 in revenue, resulting in a net-operating income of approximately 34.5 percent net operating margin; this equates $477,394 to before debt service.

Exclusively Listed By

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