1. Offering Price: $5,995,000 Reduced to $4,500,000 Southfield, Michigan
Location:
4th wealthiest metro county in USA
More than 26,000,000 sf office space
Many international corporations:
 Federal-Mogul
 Lear Corp
 Electronic Data System
 Sumitomo Corp.
Features & Benefits:
Hotel is in excellent, excellent condition – Means no
capital requirements, start operating today with
improved operation plan (flat screens in all rooms). Financial Summary
TTM Ending
Although Detroit economy maybe soft, Oakland
May, 2010 Realistic
County is the fourth wealthiest county in the USA –
Means business in and around Southfield will Room Revenue $1,670,881 $2,641,433
continue to prosper giving opportunity to maximize Other Revenue $32,090 $48,721
profits.
Total Revenue $1,702,971 $2,690,154
Available at less than $30K per room – Means great Occupancy 37.4% 50.6%
opportunity to acquire hotel at less than 40% of ADR $77.89 $92.87
replacement cost to maximize capital returns. REVPAR $29.19 $46.99
For More Information email: brandt@huffniehaus.com
Exclusively presented by Huff, Niehaus & Associates, Inc. (In cooperation with Everest Hotel Brokers, LLC)
13121 Eastpoint Park Blvd. Suite B ▪ Louisville, KY 40223-4192 ▪ Phone: 502-254-7787 ▪ Fax: 502-254-5270 ▪ www.huffniehaus.com
The information contained herein and in any supplemental documents have been furnished by the Seller and/or other sources we believe reliable. However, brokers involved are not responsible for misstatements of facts, errors,
omissions, prior sale, change of price, or withdrawal from market. Owners are not to be contracted directly.