Former Radisson Multifamily Redevelopment 31525 W 12 Mile Rd Services hôteliers 201 chambres 3 654 660 € (18 182 €/Chambre) Farmington Hills, MI 48334

This investment offering presents a unique adaptive reuse opportunity with the conversion of a former Radisson Hotel into an 100-unit Class B apartment community. Priced significantly below replacement cost, the property provides investors with a rare chance to enter the multifamily market under favorable cost and risk conditions. The extensive renovation completed in 2023 positions this asset competitively within a high-demand rental submarket dominated by limited new supply and sustained tenant need.
Situated along West12 Mile Road, the property enjoys excellent connectivity with direct access to major transportation arteries, including I-696 and Orchard Lake Road, providing convenient commutes to Detroit, Novi, Southfield, and other employment hubs. The property’s suburban location offers proximity to retail destinations, employment centers, and regional medical and office complexes, ensuring steady tenant demand.
The unit mix includes modernized layouts featuring updated systems and finishes, offering improved functionality over older assets in the area. Additionally, the property supports operational efficiencies through its85-unit scale, delivering solid exit liquidity for institutional and private buyers alike. For investors, Farmington Hills provides a recession-resilient market characterized by robust demographics, strong income levels, and a stable employment base, all of which support occupancy growth and long-term appreciation.