1520 Mount Garfield Rd | Norton Shores, MI 49444
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This Hospitality Property is no longer advertised on LoopNet.com.
1520 Mount Garfield Rd
Norton Shores, MI 49444
Fairfield Inn & Suites Muskegon Norton Shores · Hospitality Property For Sale
·
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
LINKS
Listing ID: 30673003
Date on Market: 1/16/2024
Last Updated:
Address: 1520 Mount Garfield Rd, Norton Shores, MI 49444
The Hospitality Property at 1520 Mount Garfield Rd, Norton Shores, MI 49444 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
NEARBY LISTINGS
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