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    Hospitality properties

    2376 Carpenter Rd, Ann Arbor, MI 48108

    4.77 ac lot Built 1975
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1975
    Lot 4.77 ac (207,781 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Executive Hospitality Inc Hotel & Motel
    • Quality Inn & Suites Ann Arbor Hwy 23 Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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