7625 Caterpillar Ct - Hospitality FOR SALE


Grand Rapids, MI 49548- Outer Kentwood/Wyoming
$4,700,000 USD
818-851-3314
7625 Caterpillar Ct, Grand Rapids, MI for Sale
$4,700,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

7625 Caterpillar Ct
Grand Rapids, MI 49548
Outer Kentwood/Wyoming


HIGHLIGHTS

  • 58 Units, Interior Corridor Hotel
  • Room Revenue in 2025: $1,225,164
  • Highly Profitable - Net Income $596,424 in 2025 and $549,711 in 2024, a Cap Rate of 12.7% for 2025
  • Hotel is in Excellent Condition - Seller has Completed the Current PIP besides Case Goods
  • Grand Rapids MSA includes over 1.2 Million People, and has Experienced Steady Growth
  • Excellent Location just Minutes from Gerald R. Ford International Airport and Downtown Grand Rapids, MI | Located in an Opportunity Zone

OVERVIEW

This 58-room, two-story interior corridor located in Grand Rapids, Michigan. Ideally situated on highway 131 and just 11 miles from Gerald R. Ford International Airport. The hotel was built in 1996 and is in fantastic condition. It continues to perform strongly with revenue in 2025 at $1,225,164 and RevPAR of $57.87, outperforming the comp set in 2025 by 46%. Amenities include an indoor pool, buffet breakfast room, laundry facilities, computer station, meeting room, fitness facility, and more. The Quality Inn is in excellent condition with over $1,000,000 in capital expenditures completed since 2018. The Seller has completed the current PIP required by Choice besides case goods which is the only remaining item. The hotel produces consistent income and is highly profitable, with net income of $596,424 in 2025 (a 12.7% cap rate) and $549,711 in 2024. Grand Rapids is Michigan's 2nd largest city and is home to a growing population of approximately 200,117 and continues to experience strong economic growth supported by key demand generators in healthcare that include names like Corewell Health and Trinity Health, technology, and education. Just an hour away, Michigan State University, which enrolls over 52,000 students, contributing to consistent visitor activity from students, faculty, families, and university related events such as sports. Nearby demand drivers include several manufacturing and logistics hubs including Steelcase & Meijer, SpartanNash, Michigan CAT, American RV, Martin Transportation Systems, Northern Logistics, and Western Logistics. Also nearby are Tanger Outlets of Grand Rapids, Rivertown Crossings shopping mall, Metro Health hospital, Davenport University, Grand Rapids Children's Museum, and downtown.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$168 USD /SF

# OF ROOMS

58

PRICE/ROOM

$81,034 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn South-Byron Center

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1996

PARKING SPACES

62

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

B3

APN/PARCEL ID

41-21-13-201-006

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.