HREC Investment Advisors (“HREC IA”) is pleased to off er, to qualifi ed investors, the opportunity to acquire the recently renovated MainStay Suites Detroit Farmington Hills, totaling 123 keys, ideally located and highly visible along I-696 in Farmington Hills, MI.
The Property is situated near the intersection of Interstate 696 (from which the Hotel has excellent visibility), Interstate 96, and Michigan Route 5, allowing for easy access to the rest of Oakland County and downtown Detroit. The Detroit area is a significant hub for business and global trade, particularly known for hosting the major automobile companies General Motors, Ford, and Chrysler. The Detroit metropolitan area, spanning six counties, has a population of approximately 4.4 million people.
Economically robust, Farmington Hills hosts a wide variety of major corporations, notably in the automotive sector. Leaders such as Bosch, Nissan, and Mercedes-Benz Financial Services have made significant investments, contributing to the city’s reputation as an epicenter for the automotive industry. Furthermore, Comerica Bank’s recent consolidation of its offi ces into the Great Lakes Campus underscores Farmington Hills’ appeal as a strategic business locale. Beyond commerce, the city embraces recreation and culture, with a wealth ofparks, trails, and entertainment options. Anchored by venues like the Farmington Civic Theater, the community off ers a dynamic urban lifestyle, cementing its status as a premier destination within the Great Lakes region.
The Hotel provides select-service amenities such as kitchenettes, suite rooms with multiple bedrooms, fitness center, business center, and high-speed Wi-Fi access, making it an ideal option for travelers seeking comfort and convenience for longer term stays in the Detroit suburbs. The affiliation with the Choice Privileges rewards system provides additional benefits in expanding demand channels for bookings. This loyalty program has more than 50 million members and continues to grow.