Contacts
Adam Montufar
Alchemy Real Estate Advisors (AREA)
Property Details
- Property Type Other
- Property Size 50,673 SF
- Units 101
- Lot Size 1.97 Acre
- Additional Rent Contact for pricing
- Year Built 1988
- Date Updated Nov 5, 2024
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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
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Walk Score ®
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Bike Score ®
Location
- City Utica, MI
- Neighborhood Utica
- Zip Code 48317
- Market Detroit
Points of Interest
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Exxon
0.09 miles
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Shell
0.18 miles
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Sam's Club
0.39 miles
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Mobil
0.81 miles
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Citgo
0.83 miles
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Sunoco
0.86 miles
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Marathon
0.88 miles
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XPress Gas
1.11 miles
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Speedway
1.23 miles
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eVgo
3.26 miles
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Parking Lot 10
2.82 miles
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Parking Lot 11
2.83 miles
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Parking Lot 6a
2.85 miles
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Staff Parking Lot 10a
2.87 miles
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Parking Lot 6
2.90 miles
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Parking Lot 8
2.92 miles
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Parking Lot 7a
3.02 miles
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Staff Parking Lot 9
3.03 miles
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Parking Lot 5C
3.06 miles
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Staff Parking Lot 5a
3.07 miles
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Comfort Inn
0.00 miles
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La Quinta Inn & Suites Detroit Utica
0.27 miles
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Hyatt Place Detroit/Utica
0.31 miles
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Courtyard Detroit Utica
0.37 miles
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Holiday Inn Express Detroit Utica
0.39 miles
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Staybridge Suites Detroit-Utica
0.43 miles
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War-Del
1.28 miles
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TownePlace Suites Detroit Sterling Heights
1.81 miles
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Residence Inn Detroit Sterling Heights
2.38 miles
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Cambria Hotel
2.81 miles
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Gordon Food Service
0.33 miles
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Target
0.97 miles
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DC Sports
1.19 miles
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Kroger
1.30 miles
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ALDI
1.33 miles
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Kohl's
1.39 miles
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Marshalls
1.54 miles
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Macy's
1.57 miles
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JCPenney
1.68 miles
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Walmart
1.99 miles
In-Depth Research Available for this Property
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.
Contact Listing Broker
Adam Montufar
Alchemy Real Estate Advisors (AREA)