Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 108-room Red Roof Inn Benton Harbor (“Hotel” or “Property”), situated at 1630 Mall Drive Benton Harbor, MI 49022.
The acquisition of the Red Roof Inn Benton Harbor – St. Joseph (the “Property” or “Hotel”) presents the buyer with the opportunity to purchase a product with in-place cash flows in the Michigan Southwest Area submarket. The Hotel benefits from its location in the region, with proximity to a wide range of demand generators, including major corporate players like Whirlpool Corporation and a variety of outdoor recreational activities. The Hotel represents a unique opportunity to enter an established market near Lake Michigan through a well-known economy brand.
Investment Highlights
Strategically Located off Interstate 94
This Property exhibits prime accessibility, being situated right off of Interstate 94 with highway visibility. This strategic location ensures excellent exposure and convenient travel for visitors and commuters alike.
Strong Occupancy and RevPAR Penetration
The Hotel currently outpaces its comp set in occupancy and RevPAR. As of the Year-End 2024 period, the Hotel currently over penetrates the comp set by 187.6% in occupancy and 121.9% in RevPAR.
Offered Unencumbered by Management
The Red Roof Inn Benton Harbor – St. Joseph is being offered unencumbered by a management agreement. An investor possesses the opportunity to bring in a new management company or to act as an owner/operator and seek to revamp the operational strategy of the Hotel, implement strategic cost control initiatives, and employ more aggressive yield management strategies.
Fee Simple Interest
The Property will be offered as fee simple.
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