31500 Wick Rd Romulus, MI 48174
271-Room Marriott Hotel, Excellent Location
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Fee simple ownership of a 271-key Delta Hotels by Marriott.
- $6.2M trailing twelve-month revenue.
- Average Daily Rate (ADR) of $108 with 49% occupancy (market ADR $121, 65% occupancy).
- Unencumbered by management agreements and existing debt.
- Significant discount to replacement cost for an upscale Marriott hotel in a top Midwest MSA.
- Prime DTW airport location, accessible to 31 million annual passengers and 800+ daily flights.
Property Details for 31500 Wick Rd
- Property type
- Hospitality properties, Hotels
- Square Feet
- 260,885 SF
- Year Built/Renovated
- 1980/2014
- Buildings
- 1
- Stories
- 4
- Lot Size (sq. ft)
- 399,445 SF
Location Insight
- City
- Romulus
- County
- Wayne
- State
- Michigan
- Latitude
- 42.23916712
- Longitude
- -83.34770932
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - 271-Room Marriott Hotel, Excellent Location
- Where is the hospitality property located?
- The property is located at 31500 Wick Rd Romulus, MI.
- What are key features of this property?
- This property features: Fee simple ownership of a 271-key Delta Hotels by Marriott.; $6.2M trailing twelve-month revenue.; Average Daily Rate (ADR) of $108 with 49% occupancy (market ADR $121, 65% occupancy).
- How can I contact the broker?
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