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Days Inn Ann Arbor 2380 Carpenter Rd 127 Room Hotel Ann Arbor, MI 48108 $8,500,000 ($66,929/Room) 10% Cap Rate
Executive Summary
Portfolio price includes another Quality Inn and Suites 50 rooms plus 127 rooms Days Inn Hotel
4.54 acres site with two hotels Quality Inn & Suites and Days Inn Ann Arbor Hwy 23
in Ann Arbor, MI. This is a 60% percent occupancy stabilized asset, that offers an
investor the rare opportunity to acquire a well constructed 2 Hotels in one
location Cash-on-Cash Return. The property is a 84,937 square foot inline
center on Carpenter Rd
4.54 acres site with two hotels Quality Inn & Suites and Days Inn Ann Arbor Hwy 23
in Ann Arbor, MI. This is a 60% percent occupancy stabilized asset, that offers an
investor the rare opportunity to acquire a well constructed 2 Hotels in one
location Cash-on-Cash Return. The property is a 84,937 square foot inline
center on Carpenter Rd
Property Facts
| Price | $8,500,000 | Building Size | 40,838 SF |
| Price Per Room | $66,929 | No. Rooms | 127 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 10% | Year Built | 1975 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.94/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 4.54 AC | ||
| Zoning | BI | ||
| Price | $8,500,000 |
| Price Per Room | $66,929 |
| Sale Type | Investment |
| Cap Rate | 10% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.54 AC |
| Building Size | 40,838 SF |
| No. Rooms | 127 |
| No. Stories | 2 |
| Year Built | 1975 |
| Tenancy | Single |
| Parking Ratio | 2.94/1,000 SF |
| Corridor | Interior |
| Zoning | BI |
Amenities
- Business Center
- Fitness Center
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 127 | $79.00 | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-02-480-041 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,457,084 |
Property Taxes
Parcel Number
12-02-480-041
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,457,084
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Days Inn Ann Arbor | 2380 Carpenter Rd
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