1520 Mount Garfield Rd | Norton Shores, MI 49444
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1520 Mount Garfield Rd
Norton Shores, MI 49444
Fairfield Inn & Suites Muskegon Norton Shores · Hospitality Property For Sale
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47,319 SF
INVESTMENT HIGHLIGHTS
- Fee simple interest in the 83-room Fairfield Inn & Suites Muskegon, an institutionally owned and third-party managed limited service Marriott brand.
- 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 Marriott under new long-term franchise agreements.
- This asset can be purchased alone or in combination with the nearby 81-room Hampton Inn 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 | No. Stories | 3 |
| Type of Ownership | Fee Simple | Year Built/Renovated | 2002/2012 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.04/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.00 AC | Parcel Number | 27-121-400-0006-10 |
| Building Size | 47,319 SF | ||
| Zoning | PUD | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 47,319 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2002/2012 |
| Tenancy | Single |
| Parking Ratio | 2.04/1,000 SF |
| Corridor | Interior |
| Zoning | PUD |
| Parcel Number | 27-121-400-0006-10 |
AMENITIES
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
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