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Property profile & analytics
OFF-MARKET Estimated value $8,435,000
Hotels

31500 Wick Rd Romulus, MI 48174-1900

163,775 SF 9.16 ac lot Built 1980
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-0673907
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1980
Total area 163,775 SF
Lot 9.16 ac (399,010 SF)
Zoning code RC-REG
APN 80 040 99 0012 701
UPID US43-0673907
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.43M
Blend (final) Blend
$8.44M
Owner & transaction history
Rkj Hotel Management LLC · 10 yrs held
Rkj Hotel Management LLC
since 2015
5 recorded transactions
2020
Price N/A
2018
Price N/A
2015
Price N/A
2015
Price N/A
1969
Price N/A
Zoning & alternative use
RC-REG · Romulus, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $13.0M +28.1%
Retail stores $12.5M +22.6%
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