1 Corporate Dr - Hospitality FOR SALE
Southfield, MI 48076 |
1 Corporate Dr
Southfield, MI 48076
HIGHLIGHTS
- Fee-simple interest in the institutionally-owned and third-party managed 121-room Sonesta Simply Suites Detroit Southfield.
- Available for individual sale as part of a two-hotel portfolio in the October 23rd auction event in conjunction with Ten-X.
- Hotel is operating at ~83% occupancy with in-place yield making the hotel readily financeable.
- Offered unencumbered of debt and management with the ability to relicense the Sonesta brand for a new favorable long-term license.
- Product type with fully equipped kitchens is ideal for residential conversion or other alternative use pending zoning and municipality approval.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Sonesta Simply Suites Detroit Southfield
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
61596
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1997
PARKING SPACES
130
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
B-3
APN/PARCEL ID
24-22-102-015
