For Sale
$8,600,000

2376 Carpenter Rd Ann Arbor, MI 48108

Dual-branded hotel, high ROI.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents two established hotels in Ann Arbor, Michigan: a Days Inn by Wyndham and a Quality Inn & Suites. Boasting a combined 178 keys, these properties, built in 1975 and 2004 (with a 2022 renovation), sit on a 4.77-acre lot at 2376 and 2380 Carpenter Rd, Ann Arbor, MI 48108. The portfolio offers significant revenue synergies through shared resources and cross-promotion, maximizing operational efficiencies. The properties benefit from their prime location in Ann Arbor, a thriving market with strong tourism and business activity. The Days Inn brand provides established recognition and guest loyalty, while the Quality Inn & Suites offers comfortable accommodations and a proven track record of guest satisfaction. With a compelling 10.75% cap rate and a Net Operating Income (NOI) of $924,226, this portfolio represents a strong investment opportunity with significant growth potential. The asking price is $8,600,000. The two, two-story buildings offer a combined 178 rooms.

Highlights

  • Prime Ann Arbor location near key attractions and business centers.
  • Revenue synergies from shared resources and cross-promotion between the two hotels.
  • Established Days Inn and Quality Inn & Suites brands offer strong recognition and guest loyalty.

Property Details for 2376 Carpenter Rd

Property type
Hospitality properties, Hotels
Year Built/Renovated
1975/2022
Buildings
2
Stories
2
Lot Size (sq. ft)
207,781 SF

Location Insight

City
Ann Arbor
County
Washtenaw
State
Michigan
Latitude
42.252223471568
Longitude
-83.680662969866

FAQs

What type of property is this?
Hospitality property - Dual-branded hotel, high ROI.
Where is the hospitality property located?
The property is located at 2376 Carpenter Rd Ann Arbor, MI.
What is the asking price?
The asking price for this property is $8,600,000.
What are key features of this property?
This property features: Prime Ann Arbor location near key attractions and business centers.; Revenue synergies from shared resources and cross-promotion between the two hotels.; Established Days Inn and Quality Inn & Suites brands offer strong recognition and guest loyalty.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2376 Carpenter Rd
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