INVESTMENT OPPORTUNITY:
Holiday Inn Express & Suites Southfield Detroit
25100 Northwestern Hwy, Southfield, MI 48075
Number of Rooms: 91 (82 Suites)
Year Built/Renovated: 2002/2019
Number of Stories: 3
Class: Upper Midscale
Price: $10,300,000
Cap Rate: 8.00%
INVESTMENT HIGHLIGHTS:
Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt.
Three-Story, 91-room, IHG-Branded, Interior-Corridor Hotel, 82 Suites, Renovated in 2019, Minimal PIP expected.
The Property HIEX consistently outperforms comp set: Occupancy 62.0 Percent, ADR $134.04, RevPAR $83.10, reflecting strong market positioning.
NOI Margins of 30% aligned with Industry Standard Expenses achieving $2.8M+ in 2023 Room Revenue
Major Employers & Demand Generators: Close to Southfield Town Center and Lawrence Technological University, drawing business and academic visitors, alongside being under 8 miles from Detroit Zoo for leisure guests.
Healthcare Proximity: Located 3 miles from Ascension Providence Hospital, serving medical guests and those visiting patients.
Cultural and Entertainment Hub: Near venues like Detroit Opera House and sports arenas, plus dining diversity, enriching guest experience and stay appeal.
