Courtyard Lansing Downtown

Hodges Ward Elliott (“HWE”) is pleased to present the opportunity to acquire the fee-simple condominium interest in the 122-room Courtyard Lansing Downtown (“Property”or “Hotel”). The Marriott-branded, premium select-service hotel, was recently constructed in 2021 and is located at 600 E. Michigan Avenue at the heart of downtown Lansing.

The Hotel is surrounded by Lansing’s Stadium District, home to a variety of prominent government, university, healthcare, sports, and leisure demand generators. The Hotel is directly adjacent to Capital City Market and across from Jackson Field, the Hotel offers convenient walkable access to Lansing Center (0.3 miles), Michigan State University (2.4 miles), the Michigan State Capitol (0.6 miles), and University of Michigan Health–Sparrow Hospital (0.4 miles).

ACCESS DATAROOM

ADDRESS	600 E Michigan Ave Lansing, MI
YEAR OPENED	2021
KEYS	122
STORIES	4
GROSS BUILDING AREA	80,945 SF
F&B OUTLETS	The Bistro
MEETING SPACE	1,808 SF
AMENITIES	Fitness Center Business Center Meeting Space Convenience Market Complimentary Wi-Fi Onsite Self-parking EV Charging
PARKING	121 Spaces Self Parking $15/day
INTEREST CONVEYED	Condominium Fee Simple
OWNER	Concord Hospitality
AFFILIATION	Marriott
MANAGEMENT	Unencumbered
LABOR	Non-Union
CONSTRUCTION TYPE	3-story wood frame over a 1-story non-combustible first floor

New-Build Product at a Compelling Rooms-Revenue Multiple

Built in 2021, the Property offers investors a modern Courtyard Lansing Downtown design that distinguishes it from much of Lansing’s older lodging inventory.A new owner can expect minimal PIP requirements and avoid near-term disruption to operations, allowing for a focus solely on high ROI improvements to guest-facing areas. The Property also offers investors a compelling all-in basis relative to its rooms-revenue generation, and recent / current construction cost.

Clean Investment Opportunity

The fee-simple condominium interest in the Courtyard Lansing Downtown is being offered free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel.

Best-In-Class Brand Affiliation

Marriott International is arguably the strongest brand in the lodging industry, and Courtyard is one of its most widely recognized brands, often achieving outsized market share and investment returns for franchisees. At the time of publication, the Courtyard system includes more than 1,000 properties and 140,000 guestrooms across the United States and Canada.

Marriott provides a highly rated reservation system and access to more than 270 million active Marriott Bonvoy members. Marriott is known to have a tremendously loyal customer following and appeals to a variety of consumer segments that provide strong room-night demand every day of the week.

Adjacent to a Diverse Array of Downtown Demand Generators

The Courtyard Lansing Downtown is situated in Lansing's Stadium District, directly adjacent to Capital City Market and across East Michigan Avenue from Jackson Field, home of Lansing's Minor League baseball team. Guests also benefit from convenient access to Lansing Center, downtown restaurants and entertainment, the Grand River, and other downtown attractions. Steps from Capital City Market, Jackson Field, and Lansing Center, and within a short walk of the Michigan State Capitol and University of Michigan Health–Sparrow Hospital.

At The Heart of Downtown Lansing

Located a short walk from the Courtyard Lansing Downtown is University of Michigan Health–Sparrow Hospital, the Mid-Michigan region's only Level 1 Trauma Center for adult and pediatric patients and an additional source of lodging demand. The hospital generates room nights from patients and their families, traveling healthcare professionals, visiting physicians, vendors, trainees, and other health-system affiliates.

Capital City Market - Directly adjacent

Jackson Field - Across E. Michigan Avenue

Lansing Center - 0.3 miles · Convention & events

UM Health–Sparrow Hospital - 0.4 miles · Mid-Michigan's only Level 1 Trauma Center

Michigan State Capitol - 0.6 miles · Legislature & Capitol Complex

Michigan State University - 2.4 miles · 51,838 students (Fall 2025)

Proximity to Michigan State University and Record-Level Enrollment

The Courtyard Lansing Downtown benefits from its excellent central core location within the greater Lansing–East Lansing market and proximity to Michigan State University, one of the nation's largest public research universities and a major year-round lodging-demand generator. MSU reported a total of 51,838 students in Fall 2025, including an all-time record of 10,720 new undergraduates.

Downtown Location Near the Michigan State Capital

Located in the heart of Michigan's capital city, the Courtyard Lansing Downtown benefits from lodging demand generated by the Michigan Legislature, executive agencies, courts, associations, lobbyists, contractors, and other organizations that regularly conduct business with state government. Its downtown location places guests near the Michigan State Capitol and the concentration of government offices surrounding the Capitol Complex.

ACCESS DATAROOM

EXCLUSIVE REPRESENTATIVES

Pete Dannemiller
Executive Managing Director
pdannemiller@hodgeswardelliott.com

Kevin Felmley
Analyst
kfelmley@hodgeswardelliott.com

ACQUISITION FINANCING ADVISOR

Michael Britvan

Executive Managing Director

mbritvan@hodgeswardelliott.com