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Delta Hotels Marriott Detroit Metro Airport 31500 Wick Rd 271 Room Hotel Romulus, MI 48174 For Sale
INVESTMENT HIGHLIGHTS
- Fee simple interest in a full service 271-room airport hotel
- ADR: $108 occupancy 49% vs. market of $121 & 65%
- Opportunity to acquire an upscale Marriott hotel in a top Midwest MSA at a significant discount to replacement cost
- Trailing 12-month revenue: $6.2M
- Offered unencumbered of management & debt
- Ideally positioned in the heart of the DTW corridor & readily accessible to the airport’s nearly 31MM annual passengers & 800+ flights per day
EXECUTIVE SUMMARY
Hilco Real Estate, in cooperation with Paramount Lodging Advisors, is pleased to announce the receivership sale of the Delta Hotels by Marriot Detroit Metro Airport.
Immediately adjacent to the Detroit Metropolitan Wayne County Airport (DTW), this well-maintained hotel sits on a large, 9.17± acre lot. The four-story hotel features modern amenities for a wide range of guests. From the conference center to the café to the complimentary airport shuttle, the hotel ensures all guests are comfortable. The property has operated as a Delta Hotels by Marriott since 2018 after undergoing extensive renovations from 2014-2018. The sale provides a unique opportunity for a purchaser to assume attractive financing of 4.9% with six years of the remaining term.
Immediately adjacent to the Detroit Metropolitan Wayne County Airport (DTW), this well-maintained hotel sits on a large, 9.17± acre lot. The four-story hotel features modern amenities for a wide range of guests. From the conference center to the café to the complimentary airport shuttle, the hotel ensures all guests are comfortable. The property has operated as a Delta Hotels by Marriott since 2018 after undergoing extensive renovations from 2014-2018. The sale provides a unique opportunity for a purchaser to assume attractive financing of 4.9% with six years of the remaining term.
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 271 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2016/2021 |
| Building Class | B | Tenancy | Single |
| Lot Size | 9.16 AC | Parking Ratio | 1.28/1,000 SF |
| Building Size | 260,885 SF | Corridor | Interior |
| Zoning | RC-REG - Residential Commercial, Regular District | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 9.16 AC |
| Building Size | 260,885 SF |
| No. Rooms | 271 |
| No. Stories | 4 |
| Year Built/Renovated | 2016/2021 |
| Tenancy | Single |
| Parking Ratio | 1.28/1,000 SF |
| Corridor | Interior |
| Zoning | RC-REG - Residential Commercial, Regular District |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 10 | $247.63 CAD | - |
| Guest Room | 261 | $206.13 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 80-040-99-0012-701 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,604,166 CAD |
PROPERTY TAXES
Parcel Number
80-040-99-0012-701
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,604,166 CAD
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Delta Hotels Marriott Detroit Metro Airport | 31500 Wick Rd
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