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Hotel-Motel

Red Roof Inn Saginaw Frankenmuth

966 S Outer Dr, Saginaw, MI 48601

Listing Price: $1,995,000

Cap Rate
17.37%
Number of Rooms
71
RevPAR
$29
Gross SF
24,384
Price/Room
$28,099
RRM
2.84
Price/Gross SF
$81.82
Year Built
1973

Investment Overview

Marcus & Millichap's National Hospitality Group is pleased to announce the exclusive listing of the Red Roof Inn Saginaw-Frankenmuth. Located just outside the city limits of Saginaw, Michigan, this property is near the Dow Event Center and is only a short 15-minute drive from the nationally renowned excitement Frankenmuth has to offer, including Bronner's Christmas Wonderland, Bavarian themed restaurants, Frankenmuth River Place Shops, and golfing. In addition, Frankenmuth also hosts the annual Oktoberfest, which draws approximately 20,000 people.

Regarding operations, the trailing 12-month period generated a room revenue of $617,689.32. This asset has also outperformed its competition regarding occupancy in the running 12-month period, seeing an occupancy of 49.6 percent, well above the competitive set occupancy. This hotel also maintained an ADR of $55.04 and is also trending upward regarding RevPAR percent change as it has outpaced its competition this year.

Listed at $1,995,000, this asset presents the opportunity to benefit from competitive pricing, build upon recent net operating income growth, and add value through hands-on revenue management. Upon the completion of renovations, available rooms may be increased to 71 rooms from 62; a great opportunity for revenue growth. This property is well-positioned geographically and allows investors to purchase a limited-service asset that will likely benefit from a projected uptick in drive-to tourism.

Investment Highlights

  • $1,895,000 Asking Price
  • 71 total rooms
  • New mattresses and bedding
  • New RFID locks for entire propery
  • New water heater boiler
  • New roof in 2014

Exclusively Listed By

Hotel-Motel

Red Roof Inn Saginaw Frankenmuth

Listing Price: $1,995,000

Cap Rate
17.37%
Number of Rooms
71
RevPAR
$29
Gross SF
24,384
Price/Room
$28,099
RRM
2.84
Price/Gross SF
$81.82
Year Built
1973

Investment Highlights

  • $1,895,000 Asking Price
  • 71 total rooms
  • New mattresses and bedding
  • New RFID locks for entire propery
  • New water heater boiler
  • New roof in 2014

Investment Overview

Marcus & Millichap's National Hospitality Group is pleased to announce the exclusive listing of the Red Roof Inn Saginaw-Frankenmuth. Located just outside the city limits of Saginaw, Michigan, this property is near the Dow Event Center and is only a short 15-minute drive from the nationally renowned excitement Frankenmuth has to offer, including Bronner's Christmas Wonderland, Bavarian themed restaurants, Frankenmuth River Place Shops, and golfing. In addition, Frankenmuth also hosts the annual Oktoberfest, which draws approximately 20,000 people.

Regarding operations, the trailing 12-month period generated a room revenue of $617,689.32. This asset has also outperformed its competition regarding occupancy in the running 12-month period, seeing an occupancy of 49.6 percent, well above the competitive set occupancy. This hotel also maintained an ADR of $55.04 and is also trending upward regarding RevPAR percent change as it has outpaced its competition this year.

Listed at $1,995,000, this asset presents the opportunity to benefit from competitive pricing, build upon recent net operating income growth, and add value through hands-on revenue management. Upon the completion of renovations, available rooms may be increased to 71 rooms from 62; a great opportunity for revenue growth. This property is well-positioned geographically and allows investors to purchase a limited-service asset that will likely benefit from a projected uptick in drive-to tourism.

Exclusively Listed By

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