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Hotel-Motel

Wyndham Garden Inn Grand Rapids Airport

4495 28th St SE, Kentwood, MI 49512

Listing Price: Request For Offer

Number of Rooms
126
RevPAR
$21
Gross SF
89,181
Year Built
1998

Investment Overview

Marcus & Millichaps National Hospitality Group is pleased to announce the exclusive listing of the Wyndham Garden Inn Grand Rapids Airport. Located just off Interstate 96 on 28th St., this asset maintains an outstanding location in one of the Midwests fastest growing metros. Serving 3,587,767 passengers in 2019 and boasting plans to add eight additional gates in coming years, the nearby Gerald R. Ford International Airport is a top-tier demand generator poised for substantial growth in years to come.

With regard to performance, this asset maintained a 2020 occupancy of 35.5%, exceeding competitive set occupancy of 27.1%. This resulted in a 2020 room revenue of $959,798, down from $2,162,656 in 2019 due to the Covid-19 pandemic.

Currently an unpriced listing, this asset offers the opportunity to acquire a full-service asset in the growing Grand Rapids market. Investors may add further value through hands-on revenue management and boosting ADR figures. This assets premier geographic positioning and current market conditions offers buyers a great opportunity to capture untapped upside.

Investment Highlights

  • Market Pricing
  • Premier Location in fast-growing market
  • Occupancy exceeding competitors

Exclusively Listed By

Hotel-Motel

Wyndham Garden Inn Grand Rapids Airport

Listing Price: Request For Offer

Number of Rooms
126
RevPAR
$21
Gross SF
89,181
Year Built
1998

Investment Highlights

  • Market Pricing
  • Premier Location in fast-growing market
  • Occupancy exceeding competitors

Investment Overview

Marcus & Millichaps National Hospitality Group is pleased to announce the exclusive listing of the Wyndham Garden Inn Grand Rapids Airport. Located just off Interstate 96 on 28th St., this asset maintains an outstanding location in one of the Midwests fastest growing metros. Serving 3,587,767 passengers in 2019 and boasting plans to add eight additional gates in coming years, the nearby Gerald R. Ford International Airport is a top-tier demand generator poised for substantial growth in years to come.

With regard to performance, this asset maintained a 2020 occupancy of 35.5%, exceeding competitive set occupancy of 27.1%. This resulted in a 2020 room revenue of $959,798, down from $2,162,656 in 2019 due to the Covid-19 pandemic.

Currently an unpriced listing, this asset offers the opportunity to acquire a full-service asset in the growing Grand Rapids market. Investors may add further value through hands-on revenue management and boosting ADR figures. This assets premier geographic positioning and current market conditions offers buyers a great opportunity to capture untapped upside.

Exclusively Listed By

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