50 Capital Ave
Battle Creek, MI 49017
DoubleTree by Hilton Battle Creek · Hospitality Property For Sale · 179 Rooms

HREC Investment Advisors, is pleased to introduce the opportunity to acquire the fee-simple interest in the 179-guestroom DoubleTree Downtown, located in Battle Creek, Michigan. As of the 2018 estimates, the city had a population of roughly 51,000 people. Battle Creek is home to Fort Custer Industrial Park – one of the premier international business parks in the Midwest, with over 13,000 people employed -- and the headquarters of Kellogg Company and Post Cereals. Other local demand generators include the Binder Park Zoo, Art Center of Battle Creek, W.K. Kellogg Airport, Binder Park Golf Course, and Fort Custer Recreation Area. The Property has received approximately $3.5 million or approximately $20,000 per key of capital expenditures to its rooms, pool, fitness center, corridors and conference space to reach DoubleTree standards, and a new owner would have the opportunity to complete renovations to the lobby, bar, and restaurant. Once the renovations are completed, the restaurant has a unique opportunity to reposition and remarket itself. Additionally, the property’s distinctive top floor (16th) meeting space offers a competitive advantage with excellent views of downtown and its own kitchen, allowing a new owner the opportunity to creatively capitalize on this one-of-a-kind feature. A new owner also stands to benefit from the Hotel’s location within an opportunity zone which offers temporary deferral, step-up in basis, and permanent exclusion to capital gains for owners who complete the renovation with a long-term hold. Upon onboarding of the DoubleTree brand, the Hotel should penetrate the HREC provided competitive set well-above a 100 index.