31500 Wick Rd Romulus, MI 48174-1900
This exceptional investment opportunity presents a fee-simple interest in a 271-key Delta Hotels by Marriott, situated directly adjacent to the Detroit Metropolitan Wayne County Airport (DTW). Boasting 260,885 square feet across a four-story building on a substantial 9.17-acre lot, this property offers significant upside potential. Built in 1980 and extensively renovated between 2014 and 2018, the hotel features modern amenities including a conference center and café, complemented by a complimentary airport shuttle. The property includes 334 parking spaces and is zoned RC-Regional Center. The hotel benefits from attractive assumable financing at a 4.9% interest rate with six years remaining on the term. With a trailing twelve-month revenue of $6.2 million, the property's performance provides a strong foundation for future growth. Its prime location within the DTW corridor ensures convenient access to the airport's substantial passenger traffic (nearly 31 million annually) and numerous daily flights (800+). Furthermore, its proximity to major corporations, including prominent automotive manufacturers, presents additional revenue opportunities. This sale offers a unique chance to acquire an upscale Marriott hotel in a top Midwest MSA at a significant discount to replacement cost. The property is offered unencumbered by management agreements and existing debt.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RC-REG · Romulus, MICosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.