Contacts
Alchemy Real Estate Advisors (AREA)
Property Details
- Property Type Other
- Property Size 57,900 SF
- Units 78
- Additional Rent Contact for pricing
- Year Built 1997
- Year Renovated 2014
- Date Updated Dec 10, 2024
Reach out to the broker for more info on lease terms and amenities
Highlights
- Fee simple interest in the institutionally owned 78-room Homewood Suites in Grand Rapids, Michigan
- Available for purchase in the January 23rd auction event via Ten-X
- Offered as part of a four-property portfolio, with all properties being sold individually
- Offered unencumbered by management and debt and at a significant discount to replacement cost
- Offered unencumbered by brand, with a variety of alternative branding options available for conversion
- Extended stay rooms are fully equipped with kitchens, making them ideal for potential residential conversion or alternative uses, pending zoning and municipal approvals
- Strong operational upside in transitioning the asset out of institutional ownership and third-party management
- Ideally located within the heavily trafficked 28th Street commercial corridor, with over 32,000 vehicles passing daily
- Located less than four miles from Grand Rapids Gerald Ford International Airport, which is on track to serve a record 4 million passengers this year
- Planning is well underway for the $600 million Grand Rapids Gerald Ford International Airport Elevate expansion program, including a new 90,000-square-foot Concourse A
- Optimal time to invest in Grand Rapids, amidst multiple large-scale developments, including the $700 million Transformational Brownfield Plan by Grand Action 2.0
Getting around
-
Walk Score ®
-
Transit Score ®
-
Bike Score ®
Location
- City Grand Rapids, MI
- Neighborhood Ridgemoor
- Zip Code 49546
- Market Grand Rapids
Points of Interest
-
Grand Rapids
5.85 miles
-
Shell
0.16 miles
-
Speedway
0.23 miles
-
Sam's Club Fuel Center
0.51 miles
-
Marathon
0.61 miles
-
Pacific Pride
1.14 miles
-
Costco Gasoline
1.43 miles
-
Citgo
1.58 miles
-
BP
1.82 miles
-
ChargePoint
1.93 miles
-
Grand Rapids Supercharger
1.96 miles
-
Lake Michigan Academy's Parking
1.99 miles
-
Economy Lot
2.55 miles
-
North Lot
2.79 miles
-
Cell Phone Lot
2.79 miles
-
RideShare Staging Lot
2.80 miles
-
Parking Garage
2.88 miles
-
East Lot
2.95 miles
-
School Bus Parking
3.39 miles
-
bus parking
3.67 miles
-
MDOT Park & Ride - Kentwood
4.07 miles
-
Homewood Suites by Hilton Grand Rapids
0.01 miles
-
Fairfield Inn & Suites Grand Rapids
0.04 miles
-
Extended Stay America - Grand Rapids - Kentwood
0.32 miles
-
Comfort Inn Airport
0.39 miles
-
Staybridge Suites
0.40 miles
-
Home2 Suites
0.46 miles
-
Knights Inn Grand Rapids East
0.48 miles
-
Holiday Inn
0.48 miles
-
Sleep Inn & Suites
0.60 miles
-
Ramada Plaza
0.67 miles
-
Burlington
0.24 miles
-
Marshalls
0.25 miles
-
Trader Joe's
0.29 miles
-
Centerpointe Mall
0.33 miles
-
TJ Maxx
0.42 miles
-
Big Lots
0.53 miles
-
Super Green Market
0.77 miles
-
JCPenney
0.77 miles
-
Woodland Mall
0.86 miles
-
Macy's
0.92 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Alchemy Real Estate Advisors (AREA)