Comfort Inn Utica MI

Investment Overview

Alchemy Real Estate Advisors is pleased to offer an exclusive opportunity to acquire a fee simple interest in the 213-room Detroit Area Choice Portfolio, which includes the Comfort Inn hotels in Livonia and Utica, MI. The hotels are offered as a package investment, with the option to acquire each individually. They are available unencumbered by management and at a steep discount to replacement cost. Transitioning the hotels out of absentee ownership, completing the PIPs, and repositioning them to better penetrate the competitive set offers a unique operational upside. A new owner will be able to retain the Comfort Inn flags through long-term relicense agreements, subject to the completion of the PIPs.

Investment Highlights

• Alchemy Real Estate Advisors is pleased to offer the fee simple interest in two Detroit-area Choice flagged limited-service hotels
• Two-property portfolio consists of the Comfort Inn Livonia and Comfort Inn Utica, with a combined key count of 213 rooms
• Properties are available for individual or combined sale, with the ability to relicense under the current Choice flags
• Assets are offered unencumbered by debt and management and at a steep discount to replacement cost
• Unique operational upside in transitioning out of existing ownership, completing the PIP, and repositioning the properties to better penetrate the competitive set
• Properties are ideally situated within two of Detroit’s strongest suburban markets: Livonia and Utica
• Portfolio affords prospective investors strong operating economies of scale and diverse demand generators across Macomb County and Wayne County
• Detroit is uniquely well-positioned to provide counter-cyclical growth amidst massive local infrastructure development, including the $6.4 billion Gordie Howe Bridge
• Economic outlook and employment figures continue to trend positively for the Detroit market, with unemployment currently at 20-year lows