2376 Carpenter Rd Ann Arbor, MI 48108
- Hospitality properties
- 4.77 lot acres
Current Use by Public Records
- Executive Hospitality Inc / Hotel
- Quality Inn & Suites Ann Arbor Hwy 23 / Hotel
Property Details for 2376 Carpenter Rd
- Year built
- 1975
- Lot size
- 4.77 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ann Arbor
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.6807
- Latitude
- 42.2522
