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Off Market
1/6

6420 Cracker Barrel Blvd
Kalamazoo, MI 49009


HIGHLIGHTS

  • Franchise Agreement extended ten years, there is upside potential for new ownership to manage expense ratios to align with industry standards
  • Outperformed the Competitive Set in Occupancy and ADR in 2019; with strong recovery in performance metrics that are forecasted to continue in 2022.
  • Notable Area Employers: Kalamazoo/Battle Creek International Airport, Bosch's Research & Development Facility, Pfizer, Abbott Labs

OVERVIEW

The Fairfield Inn by Marriott located in Kalamazoo, MI is a 61-room hotel built in 1998, renovated in 2005, with further improvements from 2016-2019.? Sitting on 1.60 acres this property is near Western Michigan University, KVCC, Pfizer, and PNC HQ.? The Hotel is less than 10 minutes away from the center of Downtown Kalamazoo and sits off I-94 W. PIP (Property Improvement Plan) Completed in 2019.? Improvements include: Technology - (Installation of approved REFID/BLE locks, Installation of new Guestroom entertainment platform) Site/Building Exterior - (Re-imaging of porte cochere including pitched standing seam metal roof, exterior paint, finishes, façade.? etc.?, replacement of exterior graphics & lighting) Hard scape & Parking Areas - (landscaping, repair of parking lot) Landscape/Visual Barriers Miscellaneous Site Features - (dumpster enclosure, gate, trash receptacles, etc.?) Lobby - (Central HVAC system, installation of corner market, tables) Breakfast Room - (beverage machines, beverage stations) Exercise Room - (flooring & base, corner guards, plumbed hydration station, etc.?) Pool - (indoor furniture, resurfaced, light fixtures, doors, windows, venting grilles) Corridors & Stairwells Guestrooms - (Remote thermostat on wall, dressing mirror, refrigerators, doors, etc.?) Guestroom Bath - (modernized bath vanity top, faucets & fixtures).?

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Fairfield Inn Kalamazoo West

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

30424

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

58

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-4

APN/PARCEL ID

09-02-401-025