Hotel-Motel

Fairfield Inn & Suites Watervliet St. Joseph

8258 Arnt Blvd, Watervliet, MI 49098

Listing Price: $6,750,000

Cap Rate
7.85%
Number of Rooms
93
RevPAR
$59
Gross SF
74,711
Price/Room
$72,581
RRM
3.39
Price/Gross SF
$90.35
Year Built
2007

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Fairfield Inn & Suites Watervliet St. Joseph, a 3-story hotel located near the shoreline of Lake Michigan. The hotel consists of 93 interior corridor rooms and is the only hotel in Watervliet. Amenities include an indoor spa, fitness center, arcade, complimentary breakfast buffet and guest laundry facilities. Business amenities include a business center and 2,191 square feet of meeting space. Surfari Joe's Indoor Wilderness Water Park, a safari-themed indoor water park featuring 2 large water slides, is located within the hotel.

Watervliet is a city in northeastern Berrien County in the U.S. state of Michigan. Mostly a rural farming community, the name comes from the Dutch for where the waters meet. Berrien County is a county on the south line of Michigan, at the southwestern corner of the state. Berrien County is included in the Niles-Benton Harbor, MI Metropolitan Statistical Area, which is also included in the South Bend-Elkhart-Mishawaka, IN-MI Combined Statistical Area. In recent times, Berrien County, especially the coastal cities of New Buffalo and Lakeside, has received notice as a vacation destination for Chicagoland residents and other Midwesterners. It has earned multiple nicknames in this capacity, including Harbor Country and the Hamptons of the Midwest, with the latter recognized by the Wall Street Journal.

Berrien Countys population has grown from 4,863 in 1837 to 162,453 in 2000, twelfth largest in the State of Michigan. Its 42 miles of Lake Michigan shoreline, 86 inland lakes, and the St. Joseph, Galien and Paw Paw Rivers have attracted a substantial tourist trade. Port facilities and strategic location on arterial highways fostered industrial development. Lake-tempered water and rich soil aided the growth of fruit
farming and the area has become one of the national leaders in fruit production.

Investment Highlights

  • Located in Berrien County, the "Hamptons of the Midwest"
  • 1 Mile to Watervliet Medical Center / Lakeland Hospital
  • Within 5 Miles of Four Winds Casino & Paw Paw Lake
  • Nearby Whirlpool Corporate Headquarters and 2 Corporate Campuses
  • 12 Miles to the Shorline of Lake Michigan, which Attracts Large Seasonal Populations
  • Excellent Frontage on Interstate 94

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    License(s): MI: 6502387903

    Michigan

Hotel-Motel

Fairfield Inn & Suites Watervliet St. Joseph

Listing Price: $6,750,000

Cap Rate
7.85%
Number of Rooms
93
RevPAR
$59
Gross SF
74,711
Price/Room
$72,581
RRM
3.39
Price/Gross SF
$90.35
Year Built
2007

Investment Highlights

  • Located in Berrien County, the "Hamptons of the Midwest"
  • 1 Mile to Watervliet Medical Center / Lakeland Hospital
  • Within 5 Miles of Four Winds Casino & Paw Paw Lake
  • Nearby Whirlpool Corporate Headquarters and 2 Corporate Campuses
  • 12 Miles to the Shorline of Lake Michigan, which Attracts Large Seasonal Populations
  • Excellent Frontage on Interstate 94

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Fairfield Inn & Suites Watervliet St. Joseph, a 3-story hotel located near the shoreline of Lake Michigan. The hotel consists of 93 interior corridor rooms and is the only hotel in Watervliet. Amenities include an indoor spa, fitness center, arcade, complimentary breakfast buffet and guest laundry facilities. Business amenities include a business center and 2,191 square feet of meeting space. Surfari Joe's Indoor Wilderness Water Park, a safari-themed indoor water park featuring 2 large water slides, is located within the hotel.

Watervliet is a city in northeastern Berrien County in the U.S. state of Michigan. Mostly a rural farming community, the name comes from the Dutch for where the waters meet. Berrien County is a county on the south line of Michigan, at the southwestern corner of the state. Berrien County is included in the Niles-Benton Harbor, MI Metropolitan Statistical Area, which is also included in the South Bend-Elkhart-Mishawaka, IN-MI Combined Statistical Area. In recent times, Berrien County, especially the coastal cities of New Buffalo and Lakeside, has received notice as a vacation destination for Chicagoland residents and other Midwesterners. It has earned multiple nicknames in this capacity, including Harbor Country and the Hamptons of the Midwest, with the latter recognized by the Wall Street Journal.

Berrien Countys population has grown from 4,863 in 1837 to 162,453 in 2000, twelfth largest in the State of Michigan. Its 42 miles of Lake Michigan shoreline, 86 inland lakes, and the St. Joseph, Galien and Paw Paw Rivers have attracted a substantial tourist trade. Port facilities and strategic location on arterial highways fostered industrial development. Lake-tempered water and rich soil aided the growth of fruit
farming and the area has become one of the national leaders in fruit production.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    License(s): MI: 6502387903

    Michigan

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