FAIRFIELD INN & SUITES MIDLAND

506 E BUTTLES ST

MIDLAND, MI 48640


Availability: Closed

Price: $9,825,000

Address:
506 E Buttles St

Midland, MI 48640

Number of Rooms: 77

Year Built: 2019

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 77-room Fairfield Inn & Suites located in Midland, Michigan. The hotel is a three-story property that was built in 2019. Fairfield Inn & Suites Midland provides the opportunity for a new owner to acquire a select-service Marriott hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.

INVESTMENT HIGHLIGHTS

  • Marriott Brand Affiliation
  • 2019 Construction
  • Increasing NOI and NOI Margin Over the Last Three Years
  • Positive-Trending RevPAR for Subject Property and Competitive Set
  • Proximate to Dow Chemical Global Headquarters, XALT Energy, Dow Diamond, Midland Country Club, Northwood University, and More

EXCLUSIVELY LISTED BY

SCOTT J. HAVERICAK

Scott.Havericak@MarcusMillichap.com

(954) 554-1639

ROBERT S. HUNTER

Robert.Hunter@MarcusMillichap.com

(954) 245-3473

BROKER OF RECORD

STEVE CHABEN
MI Broker of Record
248.415.2600 Direct
License: 6502387903