6511 Centurion DrLansing, MI 48917

Property Details for 6511 Centurion Dr

Year built

2001

Lot size

2.05 AC

Property size (Sq ft)

52,603 SF

Zone code

NONE

Property type

Motels

APN

040 022 200 084 00

APU

4002220008400

Description

This fee-simple, 87-key Country Inn & Suites by Radisson is offered at $5,500,000 ($63,218 per key). Built in 2001 and renovated in 2007, this three-story hotel sits on a 2.05-acre lot at 6511 Centurion Dr, Lansing, MI 48917. Conveniently located near US-496, the property boasts ample amenities including meeting/event space, a heated indoor pool, fitness center, business center, breakfast area, and bus parking. The Lansing-East Lansing Metropolitan Statistical Area (MSA) provides a strong foundation for occupancy, with a population exceeding 541,000. Major employers such as Michigan State University, General Motors, and state government offices are within close proximity, ensuring consistent business travel. The area also benefits from a robust healthcare system, including Sparrow and McLaren hospitals, and numerous educational institutions, including Michigan State University and Lansing Community College. Additional demand generators include Amazon, Meijer, and Capital Region International Airport. Popular attractions such as Jackson Field, Potter Park Zoo, and various golf courses and parks further enhance the area's appeal. The hotel's location near these diverse demand generators, coupled with a recent 9% increase in room revenue (year-end 2023 to September 2024), presents a compelling investment opportunity with significant upside potential. The current RevPAR index of 90% indicates room for improvement, with potential to reach 95-97%, driving room revenues to approximately $1.78-2.05 million. This property offers investors the chance to capitalize on a thriving market with strong revenue growth and operational benefits. The permitted zoning is O.

Location Insight

City

Lansing

County

Eaton

State

Michigan

Latitude

42.7231

Longitude

-84.6434

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].