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Hotel-Motel

Days Inn & Suites Roseville/Detroit Area

31327 Gratiot Ave, Roseville, MI 48066

Listing Price: $6,300,000

Cap Rate
13.51%
Number of Rooms
111
RevPAR
$55
Price/Room
$56,757
RRM
2.74
Year Built
1966

Investment Overview

Marcus & Millichaps National Hospitality Group is pleased to announce the exclusive listing of the Days Inn Roseville/Detroit Area. Located just off Interstate 94, this asset offers prime geographical positioning in a bustling manufacturing region with two Fiat Chrysler Automotive plants being approximately 15-minutes away. This hotel is also nearby many of Macomb Countys most popular attractions such as Freedom Hill Amphitheatre and the Lake St. Clair Metropark.

With regard to performance, this property has consistently outpaced its competitive set in both occupancy and ADR, leading to a strong RevPAR of $54.85 compared to $38.29 among its competition. The hotel is also trending upward, as 2020 has brought in higher ADR and occupancy and figures compared to 2019, despite the Covid-19 pandemic, leading to a 2020 NOI of $850,857.

Listed at $6,300,000, this asset presents investors the opportunity to purchase a proven high-performing asset that is also trending upward. This property is well-positioned geographically and allows investors to purchase a stable asset that will likely further benefit from an uptick in travel.

Investment Highlights

  • 13.50% Cap Rate
  • 2.74 Room Revenue Multiplier
  • Upward Trending RevPAR

Exclusively Listed By

Hotel-Motel

Days Inn & Suites Roseville/Detroit Area

Listing Price: $6,300,000

Cap Rate
13.51%
Number of Rooms
111
RevPAR
$55
Price/Room
$56,757
RRM
2.74
Year Built
1966

Investment Highlights

  • 13.50% Cap Rate
  • 2.74 Room Revenue Multiplier
  • Upward Trending RevPAR

Investment Overview

Marcus & Millichaps National Hospitality Group is pleased to announce the exclusive listing of the Days Inn Roseville/Detroit Area. Located just off Interstate 94, this asset offers prime geographical positioning in a bustling manufacturing region with two Fiat Chrysler Automotive plants being approximately 15-minutes away. This hotel is also nearby many of Macomb Countys most popular attractions such as Freedom Hill Amphitheatre and the Lake St. Clair Metropark.

With regard to performance, this property has consistently outpaced its competitive set in both occupancy and ADR, leading to a strong RevPAR of $54.85 compared to $38.29 among its competition. The hotel is also trending upward, as 2020 has brought in higher ADR and occupancy and figures compared to 2019, despite the Covid-19 pandemic, leading to a 2020 NOI of $850,857.

Listed at $6,300,000, this asset presents investors the opportunity to purchase a proven high-performing asset that is also trending upward. This property is well-positioned geographically and allows investors to purchase a stable asset that will likely further benefit from an uptick in travel.

Exclusively Listed By

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