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Comfort Inn Airport Grand Rapids 4155 28th St SE 107 Room Hotel Grand Rapids, MI 49512 $5,300,000 ($49,533/Room)
Investment Highlights
- Great location on busy 28th Street in Grand Rapids, Michigan
- Up-flagging opportunity with City Express by Marriott and Best Western Plus indicating interest in conversion
- Opportunity to bring the hotel back to strong historic performance levels
Executive Summary
Great opportunity to bring this hotel back to strong performance as it once did. City Express by Marriott and Best Western Plus have both indicated strong interest in converting this hotel. The Grand Rapids market is coming back after a few years of being down and new room supply has been absorbed. Good location on 28th Street near Gerald Ford International Airport offering park and fly packages. Professional management could improve all performance metrics.
Property Facts
| Price | $5,300,000 | Building Size | 44,875 SF |
| Price Per Room | $49,533 | No. Rooms | 107 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1981/2015 |
| Property Subtype | Hotel | Parking Ratio | 1.02/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.22 AC | ||
| Zoning | C2 | ||
| Price | $5,300,000 |
| Price Per Room | $49,533 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.22 AC |
| Building Size | 44,875 SF |
| No. Rooms | 107 |
| No. Stories | 3 |
| Year Built/Renovated | 1981/2015 |
| Parking Ratio | 1.02/1,000 SF |
| Corridor | Interior |
| Zoning | C2 |
Amenities
- Balcony
- Business Center
- Fitness Center
- Shuttle Service
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $122.00 | - |
| Guest Room | 105 | $110.00 | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 41-18-12-351-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,540,800 |
Property Taxes
Parcel Number
41-18-12-351-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,540,800
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Contact the Sale Advisor
Comfort Inn Airport Grand Rapids | 4155 28th St SE