631-420-0044
31500 Wick Rd, Romulus, MI for Sale
Hospitality - FOR SALE
1/15
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31500 Wick Rd
Romulus, MI 48174


HIGHLIGHTS

  • Fee simple interest in a full service 271-room airport hotel
  • Trailing 12-month revenue: $6.2M
  • ADR: $108 occupancy 49% vs. market of $121 & 65%
  • Offered unencumbered of management & debt
  • Opportunity to acquire an upscale Marriott hotel in a top Midwest MSA at a significant discount to replacement cost
  • Ideally positioned in the heart of the DTW corridor & readily accessible to the airport’s nearly 31MM annual passengers & 800+ flights per day

OVERVIEW

Hilco Real Estate, in cooperation with Paramount Lodging Advisors, is pleased to announce the receivership sale of the Delta Hotels by Marriot Detroit Metro Airport. Immediately adjacent to the Detroit Metropolitan Wayne County Airport (DTW), this well-maintained hotel sits on a large, 9.17± acre lot. The four-story hotel features modern amenities for a wide range of guests. From the conference center to the café to the complimentary airport shuttle, the hotel ensures all guests are comfortable. The property has operated as a Delta Hotels by Marriott since 2018 after undergoing extensive renovations from 2014-2018. The sale provides a unique opportunity for a purchaser to assume attractive financing of 4.9% with six years of the remaining term.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

271

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Delta Hotels Marriott Detroit Metro Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2016

PARKING SPACES

334

LAND DETAILS

LAND ACRES

9.16 AC

LAND SF

399,010 SF

ZONING

RC-REG

APN/PARCEL ID

80-040-99-0012-701

ASK ABOUT THIS PROPERTY

Jamie CoteHilco Real EstateMore Info
631-420-0044

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Jamie CoteHilco Real EstateMore Info
631-420-0044

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