G3219 Miller Rd, Flint, MI 48507
Marcus & Millichaps National Hospitality Group is pleased to announce the exclusive listing of the Red Roof Inn Flint Bishop Airport. Located in close proximity to Flints Bishop International Airport, Interstate 75, and Interstate 69, this hotel is perfectly positioned to serve travelers in the Flint metro. Offering direct flights to 8 destinations on 3 different airlines, Bishop International Airport serves as a major demand generator for the Flint region through serving over 600,000 travelers annually.
Regarding operations, this asset has consistently maintained occupancy levels around 89%, far exceeding competitors. These high occupancy levels have led to the hotel also outperforming its competitive set in the RevPAR category $41.40 to $29.50 in the current trailing 12-month period. In 2019, this asset brought in $1,656,389 in revenue, resulting in an NOI of $739,526.
Listed at $4,250,000, this asset presents investors the opportunity to acquire a proven successful hospitality property, benefit from competitive pricing, and utilize hands-on revenue management strategies to boost ADR Figures. This property is well-positioned geographically and allows investors to purchase a limited-service asset that will likely benefit from a projected uptick in tourism.
Marcus & Millichaps National Hospitality Group is pleased to announce the exclusive listing of the Red Roof Inn Flint Bishop Airport. Located in close proximity to Flints Bishop International Airport, Interstate 75, and Interstate 69, this hotel is perfectly positioned to serve travelers in the Flint metro. Offering direct flights to 8 destinations on 3 different airlines, Bishop International Airport serves as a major demand generator for the Flint region through serving over 600,000 travelers annually.
Regarding operations, this asset has consistently maintained occupancy levels around 89%, far exceeding competitors. These high occupancy levels have led to the hotel also outperforming its competitive set in the RevPAR category $41.40 to $29.50 in the current trailing 12-month period. In 2019, this asset brought in $1,656,389 in revenue, resulting in an NOI of $739,526.
Listed at $4,250,000, this asset presents investors the opportunity to acquire a proven successful hospitality property, benefit from competitive pricing, and utilize hands-on revenue management strategies to boost ADR Figures. This property is well-positioned geographically and allows investors to purchase a limited-service asset that will likely benefit from a projected uptick in tourism.
