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Quality Inn South-Byron Center 7625 Caterpillar Ct 58 Room Hotel Grand Rapids, MI 49548 $4,700,000 ($81,034/Room)
Investment Highlights
- 58 Units, Interior Corridor Hotel
- Highly Profitable - Net Income $596,424 in 2025 and $549,711 in 2024, a Cap Rate of 12.7% for 2025
- Grand Rapids MSA includes over 1.2 Million People, and has Experienced Steady Growth
- Room Revenue in 2025: $1,225,164
- Hotel is in Excellent Condition - Seller has Completed the Current PIP besides Case Goods
- Excellent Location just Minutes from Gerald R. Ford International Airport and Downtown Grand Rapids, MI | Located in an Opportunity Zone
Executive Summary
This 58-room, two-story interior corridor located in Grand Rapids, Michigan. Ideally situated on highway 131 and just 11 miles from Gerald R. Ford International Airport.
The hotel was built in 1996 and is in fantastic condition. It continues to perform strongly with revenue in 2025 at $1,225,164 and RevPAR of $57.87, outperforming the comp set in 2025 by 46%. Amenities include an indoor pool, buffet breakfast room, laundry facilities, computer station, meeting room, fitness facility, and more.
The Quality Inn is in excellent condition with over $1,000,000 in capital expenditures completed since 2018. The Seller has completed the current PIP required by Choice besides case goods which is the only remaining item.
The hotel produces consistent income and is highly profitable, with net income of $596,424 in 2025 (a 12.7% cap rate) and $549,711 in 2024.
Grand Rapids is Michigan's 2nd largest city and is home to a growing population of approximately 200,117 and continues to experience strong economic growth supported by key demand generators in healthcare that include names like Corewell Health and Trinity Health, technology, and education. Just an hour away, Michigan State University, which enrolls over 52,000 students, contributing to consistent visitor activity from students, faculty, families, and university related events such as sports.
Nearby demand drivers include several manufacturing and logistics hubs including Steelcase & Meijer, SpartanNash, Michigan CAT, American RV, Martin Transportation Systems, Northern Logistics, and Western Logistics. Also nearby are Tanger Outlets of Grand Rapids, Rivertown Crossings shopping mall, Metro Health hospital, Davenport University, Grand Rapids Children's Museum, and downtown.
The hotel was built in 1996 and is in fantastic condition. It continues to perform strongly with revenue in 2025 at $1,225,164 and RevPAR of $57.87, outperforming the comp set in 2025 by 46%. Amenities include an indoor pool, buffet breakfast room, laundry facilities, computer station, meeting room, fitness facility, and more.
The Quality Inn is in excellent condition with over $1,000,000 in capital expenditures completed since 2018. The Seller has completed the current PIP required by Choice besides case goods which is the only remaining item.
The hotel produces consistent income and is highly profitable, with net income of $596,424 in 2025 (a 12.7% cap rate) and $549,711 in 2024.
Grand Rapids is Michigan's 2nd largest city and is home to a growing population of approximately 200,117 and continues to experience strong economic growth supported by key demand generators in healthcare that include names like Corewell Health and Trinity Health, technology, and education. Just an hour away, Michigan State University, which enrolls over 52,000 students, contributing to consistent visitor activity from students, faculty, families, and university related events such as sports.
Nearby demand drivers include several manufacturing and logistics hubs including Steelcase & Meijer, SpartanNash, Michigan CAT, American RV, Martin Transportation Systems, Northern Logistics, and Western Logistics. Also nearby are Tanger Outlets of Grand Rapids, Rivertown Crossings shopping mall, Metro Health hospital, Davenport University, Grand Rapids Children's Museum, and downtown.
Property Facts
| Price | $4,700,000 | Building Size | 27,948 SF |
| Price Per Room | $81,034 | No. Rooms | 58 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1996 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.79/1,000 SF |
| Lot Size | 2.42 AC | Corridor | Interior |
| Zoning | B3 | ||
| Price | $4,700,000 |
| Price Per Room | $81,034 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.42 AC |
| Building Size | 27,948 SF |
| No. Rooms | 58 |
| No. Stories | 2 |
| Year Built | 1996 |
| Tenancy | Single |
| Parking Ratio | 1.79/1,000 SF |
| Corridor | Interior |
| Zoning | B3 |
Amenities
- Balcony
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $145.00 | - |
| Guest Room | 53 | $115.00 | - |
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Property Taxes
| Parcel Number | 41-21-13-201-006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,481,100 |
Property Taxes
Parcel Number
41-21-13-201-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,481,100
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Quality Inn South-Byron Center | 7625 Caterpillar Ct
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