Contacts

Adam Montufar

Alchemy Real Estate Advisors (AREA)

Property Details

Property Type Other
Property Size 105,000 SF
Units 213
Lot Size 2.07 Acre
Additional Rent Contact for pricing
Year Built 1990
Date Updated Dec 11, 2024

The Comfort Inn is at 29235 Buckingham Ave. in Livonia, MI. It is at the intersection of Middlebelt Rd. and Interstate 96 (I-96), a location passed by 147,000 vehicles daily. This proximity to I-96 directly connects hotel guests to all Detroit area demand drivers. Ford Motor Company World Headquarters, Henry Ford Museum & Greenfield Village, and Detroit Metropolitan Wayne County Airport (DTW) are all within a short drive. Downtown Detroit is approximately 22 miles from the hotel. General Motors Headquarters, Dan Gilbert’s Bedrock Detroit, Ford Field, Comerica Park, Little Caesars Arena, Huntington Place, Wayne State University, and Henry Ford Hospital are all easily accessible within this distance.Alchemy Real Estate Advisors is pleased to offer an exclusive opportunity to acquire a fee simple interest in the 213-room Detroit Area Choice Portfolio, which includes the Comfort Inn hotels in Livonia and Utica, MI. The hotels are offered as a package investment, with the option to acquire each individually. They are available unencumbered by management and at a steep discount to replacement cost. Transitioning the hotels out of absentee ownership, completing the PIPs, and repositioning them to better penetrate the competitive set offers a unique operational upside. A new owner will be able to retain the Comfort Inn flags through long-term relicense agreements, subject to the completion of the PIPs.

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Highlights

Alchemy Real Estate Advisors is pleased to offer the fee simple interest in two Detroit-area Choice flagged limited-service hotels
Two-property portfolio consists of the Comfort Inn Livonia and Comfort Inn Utica, with a combined key count of 213 rooms
Properties are available for individual or combined sale, with the ability to relicense under the current Choice flags
Assets are offered unencumbered by debt and management and at a steep discount to replacement cost
Unique operational upside in transitioning out of existing ownership, completing the PIP, and repositioning the properties to better penetrate the competitive set
Properties are ideally situated within two of Detroit’s strongest suburban markets: Livonia and Utica
Portfolio affords prospective investors strong operating economies of scale and diverse demand generators across Macomb County and Wayne County
Detroit is uniquely well-positioned to provide counter-cyclical growth amidst massive local infrastructure development, including the $6.4 billion Gordie Howe Bridge
Economic outlook and employment figures continue to trend positively for the Detroit market, with unemployment currently at 20-year lows

Getting around

56/100
Walk Score ®
45/100
Bike Score ®

Powered by Walk Score ®

City Livonia, MI
Neighborhood Lyndon Manor - Compton
Zip Code 48154
Market Detroit

Points of Interest

Dearborn

7.31 miles
Smith's Creek Depot Station

7.52 miles
Firestone Station

7.56 miles
CDM Transport LLC

7.71 miles
Walnut Grove Station

7.75 miles

Costco Gasoline

0.32 miles
Livonia, MI Supercharger

0.41 miles
BP

0.84 miles
Mobil

0.89 miles
Sunoco

0.93 miles
Speedway

1.10 miles
Exxon

1.15 miles
Charging Station at Westland City Hall

4.67 miles
Bosch

4.89 miles
eVgo

5.45 miles

OHM Advisors Parking Lot

2.65 miles
Oak Grove Trailhead Parking Lot

3.16 miles
Parking Lot - East

3.64 miles
Parking Lot - North

3.67 miles
Parking Lot - South

3.73 miles
Parking Lot - West

3.80 miles
Parking Lot - Central Convent

4.01 miles
school parking

4.35 miles
School Parking

4.43 miles
VFW Hall Parking

4.56 miles

Comfort Inn

0.02 miles
Americas Best Value Inn Livonia Detroit

0.31 miles
Hampton Inn Livonia Detroit

0.33 miles
Holiday Inn Express & Suites Detroit Northwest

0.84 miles
Quality Inn & Suites

1.33 miles
Inn America

2.87 miles
Hilltop Motel

3.11 miles
Royal Budget Inn

3.68 miles
Park Drive Motel

3.70 miles
Days Inn by Wyndham Livonia - Detroit

4.01 miles

ALDI

0.06 miles
Meijer

0.51 miles
Westborn Market

0.74 miles
Big Lots

1.05 miles
Kroger

1.18 miles
Target

1.30 miles
Walmart Supercenter

1.31 miles
Gordon Food Service

1.94 miles
Value Center

2.14 miles
Larry's Foodland

2.36 miles

In-Depth Research Available for this Property

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