This Hospitality Property is no longer advertised on LoopNet.com.
1401 E Ellis Rd
Hampton Inn Muskegon · Hospitality Property For Sale
·
45,088 SF
INVESTMENT HIGHLIGHTS
Fee simple interest in the 81-room Hampton Inn Muskegon, an institutionally owned and third-party managed limited service Hilton brand.
Property Tours Scheduled for February 20th & February 21st. The asset is readily financeable with strong in-place yield and +$105 RevPAR.
Offered unencumbered by debt and management with the ability to relicense with Hilton under new long-term franchise agreements.
This asset can be purchased alone or in combination with the nearby 83-room Fairfield Inn & Suites Muskegon, also for sale in another Ten-X auction.
Opportunity to purchase both assets and capitalize on strong operating synergies and economies of scale in owning two premium branded hotels.
Significant operational upside upon completion of PIP and transfer to regional ownership with stronger operating economies.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Hospitality
Property Subtype
Hotel
Building Class
C
Lot Size
2.23 AC
Building Size
45,088 SF
No. Stories
4
Year Built/Renovated
1999/2013
Tenancy
Single
Parking Ratio
1.92/1,000 SF
Corridor
Interior
Zoning
PUD - Commercial
AMENITIES
Business Center Fitness Center
Pool High Speed Internet Access
Public Access Wifi Smoke-Free
PROPERTY TAXES
Parcel Number
27-121-200-0006-00
Improvements Assessment
$0
Land Assessment
$0
Total Assessment
$1,603,100
