1 Corporate Dr | Southfield, MI 48076
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1 Corporate Dr
Southfield, MI 48076
Sonesta Simply Suites Detroit Southfield · Hospitality Property For Sale
·
61,596 SF
Investment Highlights
- Fee-simple interest in the institutionally-owned and third-party managed 121-room Sonesta Simply Suites Detroit Southfield.
- Hotel is operating at ~83% occupancy with in-place yield making the hotel readily financeable.
- Product type with fully equipped kitchens is ideal for residential conversion or other alternative use pending zoning and municipality approval.
- Available for individual sale as part of a two-hotel portfolio in the October 23rd auction event in conjunction with Ten-X.
- Offered unencumbered of debt and management with the ability to relicense the Sonesta brand for a new favorable long-term license.
Property Facts
| Sale Condition | Auction Sale | No. Stories | 3 |
| Type of Ownership | Fee Simple | Year Built/Renovated | 1997/2013 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.11/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 2.68 AC | Parcel Number | 24-22-102-015 |
| Building Size | 61,596 SF | ||
| Zoning | B-3 - Business including hotels and motels | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.68 AC |
| Building Size | 61,596 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1997/2013 |
| Tenancy | Single |
| Parking Ratio | 2.11/1,000 SF |
| Corridor | Interior |
| Zoning | B-3 - Business including hotels and motels |
| Parcel Number | 24-22-102-015 |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
