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- LoopNet Team
6420 Cracker Barrel Blvd
Kalamazoo, MI 49009
Fairfield Inn Kalamazoo West · Hospitality Property For Sale
·
30,424 SF
INVESTMENT HIGHLIGHTS
- Franchise Agreement extended ten years, there is upside potential for new ownership to manage expense ratios to align with industry standards
- Notable Area Employers: Kalamazoo/Battle Creek International Airport, Bosch's Research & Development Facility, Pfizer, Abbott Labs
- Outperformed the Competitive Set in Occupancy and ADR in 2019; with strong recovery in performance metrics that are forecasted to continue in 2022.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2012 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.60 AC | Parking Ratio | 1.91/1,000 SF |
| Building Size | 30,424 SF | Corridor | Interior |
| Zoning | C-4 - Commercial (NEC) | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.60 AC |
| Building Size | 30,424 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1998/2012 |
| Tenancy | Single |
| Parking Ratio | 1.91/1,000 SF |
| Corridor | Interior |
| Zoning | C-4 - Commercial (NEC) |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Digital key
ABOUT 6420 CRACKER BARREL BLVD , KALAMAZOO, MI 49009
The Fairfield Inn by Marriott located in Kalamazoo, MI is a 61-room hotel built in 1998, renovated in 2005, with further improvements from 2016-2019.? Sitting on 1.60 acres this property is near Western Michigan University, KVCC, Pfizer, and PNC HQ.? The Hotel is less than 10 minutes away from the center of Downtown Kalamazoo and sits off I-94 W. PIP (Property Improvement Plan) Completed in 2019.? Improvements include: Technology - (Installation of approved REFID/BLE locks, Installation of new Guestroom entertainment platform) Site/Building Exterior - (Re-imaging of porte cochere including pitched standing seam metal roof, exterior paint, finishes, façade.? etc.?, replacement of exterior graphics & lighting) Hard scape & Parking Areas - (landscaping, repair of parking lot) Landscape/Visual Barriers Miscellaneous Site Features - (dumpster enclosure, gate, trash receptacles, etc.?) Lobby - (Central HVAC system, installation of corner market, tables) Breakfast Room - (beverage machines, beverage stations) Exercise Room - (flooring & base, corner guards, plumbed hydration station, etc.?) Pool - (indoor furniture, resurfaced, light fixtures, doors, windows, venting grilles) Corridors & Stairwells Guestrooms - (Remote thermostat on wall, dressing mirror, refrigerators, doors, etc.?) Guestroom Bath - (modernized bath vanity top, faucets & fixtures).?
PROPERTY TAXES
| Parcel Number | 09-02-401-025 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,470,900 |
PROPERTY TAXES
