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Hotel-Motel

Holiday Inn Express & Suites Farmington Hills - Detroit

32769 Northwestern Hwy, Farmington Hills, MI 48334

Listing Price: Request For Offer

Number of Rooms
105
RevPAR
$37
Gross SF
77,537
Year Built
2016

Investment Overview

High-Quality Asset in Exceptional Condition: The Holiday Inn Express & Suites Farmington Hills - Detroit is an upper midscale hotel featuring 105 spacious guest rooms and several amenities such as an indoor heated pool, fitness center, on-site guest laundry facilities, business center, and two meeting rooms. The Hotel has been well-maintained since its origination in 2015 and will require minimal PIP, if any. Prime Location with Easy Access to Market Demand Generators: The Property is situated off Highway 10 (Northwestern Highway), near the intersection of Orchard Lake Road, West 14 Mile Road, and Northwestern Highway, three of Farmington Hills busiest roads by vehicles per day. This strategic location places the Holiday Inn Express in a central location of Detroit, Ann Arbor, Flint, and Lansing. Diverse Demand Generators: The Hotel is positioned near the Detroit Zoo (12.4 miles), Cranbrook Art Institute (7.9 miles), Farmington Historical Museum (6.4 miles), The Henry Ford Museum (21.5 miles), TreeRunner Adventure Park (3.7 miles), Greektown Casino (29.3 miles), MGM Grand Casino (21.8 miles), and Motor City Casinos (21 miles). Detroit Metropolitan Statistical Area: The Detroit Economy is one of the strongest and most diverse in the country, supporting a broad range of businesses in key long-term growth industries, including auto manufacturing, technology, healthcare, and professional services. Metro Detroit is home to 17 Fortune 500 companies such as Ford Motors (19.5 miles), General Motors (22.7 miles), Penske Automotive Group (8.6 miles), and Ally Financial (4.3 miles), to name a few. Strong Revenues with Room for Growth: The Holiday Inn Express has achieved an average total room revenue of over $2.1M in 2018 and 2019. Once current revenues return to stabilized historic averages, the Hotel is expected to become a top performer amongst its Market Competitive Set. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR, not only benefiting from increased market share but also higher NOI flow-through. InterContinental Hotels Group-Branded Asset: The Hotel can maintain brand affiliation with InterContinental Hotels Group (IHG), one of the trusted names in hotels, and benefits from the IHG Rewards loyalty program. For over 75 years, IHG has continued its leadership and brand recognition amongst travelers, owners, and franchisees. The Hotel benefits from its brand affiliation and its reservation system, driving increased demand and ultimately increased overall profitability. Clean Offering: The Property is Fee Simple Real Estate and clear of existing management and financing contracts.

Investment Highlights

  • Four-Story, 105-Room, Limited-Service, Upper-Midscale Hotel Built in 2016
  • Easily Accessible and Highly Visible from Highway 10 (Northwestern Hwy) Near a Plethora of Local Demand Generators
  • Located within the Detroit Metropolitan Statistical Area, the 11th Most Populous MSA in the United States
  • Strong Historic Revenues Averaging over $2.1 Million in 2018 and 2019
  • InterContinental Hotels Group (IHG) Branded
  • Offered Fee Simple, Unencumbered by Management Contract or Debt

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Hotel-Motel

Holiday Inn Express & Suites Farmington Hills - Detroit

Listing Price: Request For Offer

Number of Rooms
105
RevPAR
$37
Gross SF
77,537
Year Built
2016

Investment Highlights

  • Four-Story, 105-Room, Limited-Service, Upper-Midscale Hotel Built in 2016
  • Easily Accessible and Highly Visible from Highway 10 (Northwestern Hwy) Near a Plethora of Local Demand Generators
  • Located within the Detroit Metropolitan Statistical Area, the 11th Most Populous MSA in the United States
  • Strong Historic Revenues Averaging over $2.1 Million in 2018 and 2019
  • InterContinental Hotels Group (IHG) Branded
  • Offered Fee Simple, Unencumbered by Management Contract or Debt

Investment Overview

High-Quality Asset in Exceptional Condition: The Holiday Inn Express & Suites Farmington Hills - Detroit is an upper midscale hotel featuring 105 spacious guest rooms and several amenities such as an indoor heated pool, fitness center, on-site guest laundry facilities, business center, and two meeting rooms. The Hotel has been well-maintained since its origination in 2015 and will require minimal PIP, if any. Prime Location with Easy Access to Market Demand Generators: The Property is situated off Highway 10 (Northwestern Highway), near the intersection of Orchard Lake Road, West 14 Mile Road, and Northwestern Highway, three of Farmington Hills busiest roads by vehicles per day. This strategic location places the Holiday Inn Express in a central location of Detroit, Ann Arbor, Flint, and Lansing. Diverse Demand Generators: The Hotel is positioned near the Detroit Zoo (12.4 miles), Cranbrook Art Institute (7.9 miles), Farmington Historical Museum (6.4 miles), The Henry Ford Museum (21.5 miles), TreeRunner Adventure Park (3.7 miles), Greektown Casino (29.3 miles), MGM Grand Casino (21.8 miles), and Motor City Casinos (21 miles). Detroit Metropolitan Statistical Area: The Detroit Economy is one of the strongest and most diverse in the country, supporting a broad range of businesses in key long-term growth industries, including auto manufacturing, technology, healthcare, and professional services. Metro Detroit is home to 17 Fortune 500 companies such as Ford Motors (19.5 miles), General Motors (22.7 miles), Penske Automotive Group (8.6 miles), and Ally Financial (4.3 miles), to name a few. Strong Revenues with Room for Growth: The Holiday Inn Express has achieved an average total room revenue of over $2.1M in 2018 and 2019. Once current revenues return to stabilized historic averages, the Hotel is expected to become a top performer amongst its Market Competitive Set. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR, not only benefiting from increased market share but also higher NOI flow-through. InterContinental Hotels Group-Branded Asset: The Hotel can maintain brand affiliation with InterContinental Hotels Group (IHG), one of the trusted names in hotels, and benefits from the IHG Rewards loyalty program. For over 75 years, IHG has continued its leadership and brand recognition amongst travelers, owners, and franchisees. The Hotel benefits from its brand affiliation and its reservation system, driving increased demand and ultimately increased overall profitability. Clean Offering: The Property is Fee Simple Real Estate and clear of existing management and financing contracts.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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