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575 W Big Beaver Rd
Troy, MI 48084
Hotel Indigo Detroit North - Troy · Hospitality Property For Sale · 57,344 SF

Investment Highlights

  • A+ location in an upscale Detroit submarket (Top 25 U.S. RevPAR metro) with impressive historic cash flows.
  • Diverse demand generators including Beaumont Hospital, GM Warrant Tech Center, the Somerset Collection, and Altair Engineering.
  • Fully unencumbered of Brand providing a new owner with extensive branding optionality.

Property Facts

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 5.92 AC
Building Size 57,344 SF
No. Stories 4
Year Built/Renovated 1984/2025
Parking Ratio 6.75/1,000 SF
Corridor Interior
Zoning O-S-C

Amenities

  • Business Center
  • Fitness Center
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub
  • Multi-Room Suites

About 575 W BIG BEAVER RD , TROY, MI 48084

The 217-key, purpose built Drury Inn & Suites was originally constructed in 1984 with 154 rooms, and underwent an expansion in 2001 with the addition of 63-keys through an adjoining building. The Property was last renovated in 2013 and features 1,000+ square feet of meeting space, a 200-seat restaurant space (formerly a TGI Fridays), a fitness center, indoor pool, 24-hour business center, complimentary breakfast and evening meal. The Property is composed of two connected four-story buildings surrounded by surface parking. The 154-key original building (west side) was built in 1984 and is home to the Property’s old lobby (now a 4-floor atrium common space), laundry facilities, and fitness center. Attached to the east side of the original building is a 200+ seat restaurant space (formerly a TGI Fridays). The 63-key additional building (east side) was built in 2001 and the first floor includes the current lobby, food and beverage space, kitchen, indoor pool, and all 1,000+ square feet of meeting space. The front of the hotel features a street-facing porte cochere that allows guests drive-up access to the hotel lobby.

Property Taxes

Property Taxes

Parcel Number
20-28-203-035
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,478,860
  • Listing ID: 21091484

  • Date on Market: 9/29/2020

  • Last Updated:

  • Address: 575 W Big Beaver Rd, Troy, MI 48084

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