42600 W 11 Mile Rd, Novi, MI 4837542700 W 11 Mile Rd, Novi, MI 483752550 Aimee Ln, Auburn Hills, MI 48326351 W 77th St, Richfield, MN 5542311391 Viking Dr, Eden Prairie, MN 55344
Sonesta 9-Hotel Portfolio
Asset ClassHotel & Hospitality
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in a 1,204-room Sonesta Portfolio - either as a Portfolio, Sub-Portfolio or individual acquisition(s) (the “Hotels” or “Assets”). The Hotels are being offered unencumbered of management and encumbered of brand, with buyers entering into new long-term franchise agreements with Sonesta.
Overview
- Sonesta Simply Suites Detroit Novi, Michigan - Website
- Sonesta Select Detroit Novi, Michigan - Website
- Sonesta Select Detroit Auburn Hills, Michigan - Website
- Sonesta Select Milwaukee Brookfield, Wisconsin - Website
- Sonesta Select Eden Prairie, Minnesota - Website
- Sonesta Select Kansas City Airport Tiffany Springs, Missouri - Website
- Sonesta Select Allentown Bethlehem Airport, Pennsylvania - Website
- Sonesta ES Suites Allentown Bethlehem Airport, Pennsylvania - Website
- Sonesta Select Dallas Central Expressway, Texas - Website
Investment Highlights
- Unencumbered of Management: The Hotels are being offered unencumbered of management, which will allow a new owner to improve operating efficiencies.
- Ability to Acquire the Entire Portfolio or Sub-Portfolios with Geographic Economies of Scale: The option to acquire the entire Portfolio or select Sub-Portfolios offers flexibility in investment scale and strategy. This choice not only allows for tailoring to specific investment goals, but also the creation of geographical Sub-Portfolios to capitalize on economies of scale and an increase of the bottom-line.
- Very Attractive Basis – Well Below Replacement Cost: The national average cost of building a hotel has increased significantly in the past few years. These Assets provide an investor with the opportunity to acquire high-quality Properties, unencumbered of debt, at pricing well below current construction costs (even after the completion of PIPs).
42600 W 11 Mile RdNovi, MI 4837542600 W 11 Mile Rd, Novi, MI 4837542700 W 11 Mile Rd, Novi, MI 483752550 Aimee Ln, Auburn Hills, MI 48326351 W 77th St, Richfield, MN 5542311391 Viking Dr, Eden Prairie, MN 55344500 E 105 St, Kansas City, MO 641312160 Motel Dr, Bethlehem, PA 180182180 Motel Dr, Bethlehem, PA 1801810325 N Central Expy, Dallas, TX 75231
Sales Team
Portfolio Contacts
Detroit Properties
Minneapolis Property
Dallas Property
Kansas City Property
Milwaukee Property
Allentown Properties
Debt Contact
Listing provided by Revere CRE