Hampton inn southfield mi flyer 2010 07-21
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Hampton inn southfield mi flyer 2010 07-21

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Hampton inn southfield mi flyer 2010 07-21 Hampton inn southfield mi flyer 2010 07-21 Document Transcript

  • Offering Price: $5,995,000 Reduced to $4,500,000 Southfield, Michigan Location: 4th wealthiest metro county in USA More than 26,000,000 sf office space Many international corporations:  Federal-Mogul  Lear Corp  Electronic Data System  Sumitomo Corp. Features & Benefits: Hotel is in excellent, excellent condition – Means no capital requirements, start operating today with improved operation plan (flat screens in all rooms). Financial Summary TTM Ending Although Detroit economy maybe soft, Oakland May, 2010 Realistic County is the fourth wealthiest county in the USA – Means business in and around Southfield will Room Revenue $1,670,881 $2,641,433 continue to prosper giving opportunity to maximize Other Revenue $32,090 $48,721 profits. Total Revenue $1,702,971 $2,690,154 Available at less than $30K per room – Means great Occupancy 37.4% 50.6% opportunity to acquire hotel at less than 40% of ADR $77.89 $92.87 replacement cost to maximize capital returns. REVPAR $29.19 $46.99 For More Information email: brandt@huffniehaus.com Exclusively presented by Huff, Niehaus & Associates, Inc. (In cooperation with Everest Hotel Brokers, LLC) 13121 Eastpoint Park Blvd. Suite B ▪ Louisville, KY 40223-4192 ▪ Phone: 502-254-7787 ▪ Fax: 502-254-5270 ▪ www.huffniehaus.com The information contained herein and in any supplemental documents have been furnished by the Seller and/or other sources we believe reliable. However, brokers involved are not responsible for misstatements of facts, errors, omissions, prior sale, change of price, or withdrawal from market. Owners are not to be contracted directly.