For Auction

Receiver Sale | 226 Key Doubletree by Hilton Grand Rapids Airport

4747 28th Street Southeast,
Grand Rapids, MI 49512

Asset Snapshot

Real Estate
Asset Type
Hospitality
Property Type
Full Service
Hospitality Subtype
1979
Year Built
2015
Year Renovated
4
Floor Count
378
Parking Spots
226
Number of Rooms
6.60 Acres
Land Area
7,484 SF
Function Space Area

Investment Highlights

Premium-Branded Asset Below Replacement Cost
Four-story, full-service DoubleTree with 7,400+ SF of meeting space (2nd-most within 7 miles).
Fee Simple, Non-Union, Unencumbered
Sold fee simple, non-union, unencumbered of management for full flexibility.
In-Place Revenue with Upside
$4.6M TTM revenue at just 59% RevPAR penetration signals meaningful upside.
Branding Optionality
Delivered free of franchise agreement allowing for brand conversion optionality
Strategic Airport Corridor Location
3 miles from Gerald Ford Airport (4.3M passengers, $135M terminal underway).
Favorable Supply Outlook
No hotels planned within 6 miles; no full-service competitors within 30 miles

Offering Summary

The Offering

Berkadia Hotels & Hospitality, in conjuction with RI Marketplace, is pleased to present for sale the fee simple interest in the DoubleTree by Hilton Grand Rapids Airport. The four-story full-service Hotel was built with premium masonry construction elements and is being offered with branding optionality, providing a new owner with the opportunity to reposition the Asset through a renovation and conversion to an industry-leading brand, along with their associated loyalty program. Moreover, the Asset is being offered at a highly attractive basis far-below replacement cost and when compared to several recent comparable sales, even when considering the expected going-in capital required for a renovation/conversion. The Hotel is also being offered fee simple, non-union, unencumbered of management.


The Asset is strategically positioned just off major regional thoroughfare I-96 (60,000 vehicles per day), which provides seamless connection to both Gerald R. Ford International Airport (4.3 million passengers served in 2025) and Downtown Grand Rapids (2.2 million annual visitors). Named the number-one “City on the Rise” in 2025 by LinkedIn, the metro area is one of the fastest-growing in the country for jobs and new talent and is supported by a diverse economy with a growing tech, medical, and insurance presence.

Due Diligence

Transaction Managers

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

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Read the auction guide

Auctioneer

Jerry Helmer
c/o Fisher Auction Company Inc.
License: 6504064915

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Auction Opens In
46d 20h 14m 02s
$1,800,000
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Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.