Hilton Garden Inn Detroit-Southfield, MI. 26000 American Dr Services hôteliers 194 chambres 13 764 371 € (70 950 €/Chambre) Southfield, MI 48034

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Available at attractive room revenue multiple, and 25% of replacement cost.
Renovated concrete & steel hotel
Excellent Visibility on I-696
Low price-per-key
194 keys
The Hilton Garden Inn in Southfield, Michigan, presents a compelling investment opportunity in a well-established commercial and business hub. The Hotel continues to generate strong revenues, benefiting from its prime location in Metro Detroit's suburban office market, proximity to major highways (I-696 and US-24), and accessibility to corporate demand drivers. Local businesses near the Hotel include Ford, BASF, Comcast, General Motors, IBM, Lear Corporation, Panasonic, Ally, Borg Warner, DTE Energy, Kelly Services, Penske Automotive and Visteon.
Additionally, the Hotel is currently getting new elevators and wall coverings in the lobby & corridors assuring a minimal Property Improvement Plan (PIP) is anticipated for an ownership transition, providing an investor with a cost-effective strategy to acquire a premium branded asset for far below Replacement-Cost.
The Property is a seven-story, interior corridor hotel which opened in 1988. The Hotel has a lobby, reception and breakfast area, on-site restaurant, indoor/outdoor meeting space for up to 300, an indoor heated pool, fitness center, complimentary local shuttle, and hotel-wide Wi-Fi Internet access. The Garden Grille & Bar serves cooked to order breakfast and lunch.
This listing represents a deeply discounted opportunity to acquire a premium branded Hilton branded hotel that is fully renovated for about 3.5x room revenue.