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Buy&Hold (HOTEL): (340 Rooms) DoubleTree by Hilton Hotel Dearborn, 5801 Southfield Fwy, Detroit, MI 48228 + $23,000,000

Commercial Investment Opportunity











Price $23,000,000


Investment Opportunity: DoubleTree by Hilton Hotel Detroit - Dearborn Airport/I-275 Ind Cluster


Property Details


Located in the thriving Dearborn Ind Submarket of Wayne County, DETROIT, MI 48228, this upscale 340-room hotel presents a lucrative investment opportunity. Built in 1985 and renovated in 2006, this 6-story hotel boasts 207,081 SF of space on a spacious lot totaling 383,328 square feet, offering guests a comfortable and modern stay. With amenities including a Business Center, Digital key, Fitness Center, High-Speed Internet Access, Meeting Event Space, On-Site Bar, Pool, Public Access Wifi, Restaurant, Room Service, Shuttle Service, and Smoke-Free environment, the hotel caters to a wide range of travelers.



This property is a great addition to any investor's portfolio, especially with Detroit experiencing a resurgence as a tourist attraction. With no spaces currently available, indicating full occupancy, and a parking ratio of 2.54/1,000 SF with 527 surface spaces, the hotel is well-equipped to meet the needs of guests and visitors alike. The 2021 tax rate is $1.03/sf. The purchase price is $23,000,000, with a total revenue of $10,833,995.


For additional information, a complete buyer package is required, including Proof Of Funds or Liquidity, Non-Binding Letter Of Intent, Signed NDA, Buyer Bio, and/or Schedule of Real Estate Owned. Please note that individuals must be a registered member of TEAM PROMISELAND to have permission to market this property. Unauthorized marketing will result in legal consequences.



Don't miss out on this exceptional opportunity. Submit all offers directly to investments@promiselandrealtyllc.com and take the next step in expanding your investment portfolio in Detroit's growing hospitality sector.


Property Map


"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"






PROMISE LAND REALTY, LLC


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

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