- Strategic Location: The Comfort Inn & Suites Dimondale-Lansing is ideally situated with easy access to Interstate 96, benefiting from over 33,000 vehicles daily and proximity to major highways for business and leisure travel.
- Resilient Economic Base: Located in the Lansing-East Lansing MSA, the hotel benefits from a stable economy driven by government, Michigan State University, and a thriving healthcare sector, ensuring consistent demand.
- Proximity to Key Employers: With major employers like General Motors, Auto-Owners Insurance, and Neogen Corporation nearby, the hotel attracts steady business travel from professionals and corporate clients.
- Robust Healthcare Demand: Close to McLaren Greater Lansing and Sparrow Health System, the hotel benefits from a steady influx of medical professionals, patients, and families seeking accommodations for healthcare needs.
- Event-Driven Demand: The hotel capitalizes on the region's large-scale events, with proximity to the Lansing Center and MSU venues attracting visitors for conventions, trade shows, academic conferences, and performances.
- Tourism Appeal: With nearby attractions like the Michigan State Capitol, Potter Park Zoo, and Michigan History Museum, the hotel serves as a prime base for tourists exploring the area's cultural and recreational sites.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Comfort Inn & Suites Dimondale - Lansing (‘Hotel’ or ‘Property’) located in Dimondale, Michigan. The Choice Hotels International-branded hotel is offered at $3,300,000 or $41,250 per key.
The Comfort Inn & Suites Dimondale - Lansing is a three-story hotel with 80 rooms, located at 9742 Woodlane Drive in Dimondale, Michigan. The select service, indoor- corridor Hotel is easily accessible from Interstate 96 which sees an annual average daily traffic of approximately 33,000 vehicles. Various common area amenities at the Property include an indoor heated pool, picnic area, fitness center, business center, breakfast area, laundry facility, vending machines, and bus/truck parking.
In 2020, a comprehensive renovation of the property was completed, which included upgrading the bedding, furniture, and TV. The walls were refreshed with new paint, the sofa and chairs were replaced, a modern vanity was installed, and the lobby was updated with brand-new carpeting.
As of February, hotels within the Michigan South hospitality market reported a 5.1 percent year-over-year increase in revenue per available room (RevPAR), establishing a solid foundation for future revenue growth and enhanced cash flow for potential investors.
With a RevPAR penetration rate of 85 percent in 2024, the hotel presents a compelling investment opportunity with significant financial upside. Through operational improvements and market share expansion, an investor can likely achieve higher cash-on-cash returns and increased property valuation, ultimately maximizing the hotel’s investment profitability.
The hotel benefits from its strategic location within the Lansing-East Lansing Metropolitan Statistical Area (MSA), a hub for state government, higher education, and healthcare, providing a resilient economic base. The region's market dynamics are anchored by the consistent presence of state government, the influential Michigan State University (MSU – 9.6 miles), and a robust healthcare sector, ensuring a steady flow of economic activity. The hotel enjoys excellent connectivity, being approximately eight miles from the Capital Region International Airport and very close to the Interstate 69 and Interstate 96 interchange. This provides easy access for both business and leisure travelers.
Key demand generators in the area include Michigan State University, which drives substantial occupancy through sporting events, academic conferences, graduations, and large-scale performances. The consistent flow of government officials and related personnel provides a reliable demand base. The healthcare sector, with McLaren Greater Lansing (10.6 miles) and Sparrow Health System (7.7 miles), generates steady demand from patients, families, and medical professionals. Business travel is further fueled by major employers like General Motors (3.4 miles), Auto-Owners Insurance (3.6 miles), and Neogen Corporation (7.9 miles), alongside significant distribution centers.
The Lansing Center (7.1 miles) and MSU venues attract visitors through conventions, trade shows, academic conferences, and large-scale events. Tourism and leisure activities, easily accessible from the hotel, include the Michigan State Capitol (6.6 miles), Potter Park Zoo (8.2 miles), the river trail system, Michigan History Museum (6.1 miles), and R.E. Olds Transportation Museum (7.6 miles). The hotel's proximity to attractions like the Michigan History Center (6.1 miles), Fox Park Publix Observatory (7.9 miles) also enhances its appeal to tourists.
The "Choose Lansing" initiative, spearheaded by the Greater Lansing Convention & Visitors Bureau, actively promotes the region, contributing to positive growth in hotel room nights, which will have a direct positive impact on the Comfort Inn & Suites® Dimondale-Lansing hotel.
BROKER OF RECORD
Paul Kerber
Michigan
P: (248) 415-2600
Lic #: 6502433613
