4955 Garfield Rd
Auburn, MI 48611

The Econo Lodge Inn and Suites is a 69-room, two and three story, interior corridor hotel built around 1986. Well-equipped with numerous common area and guest room amenities, the limited-service economy hotel offers spacious guest room consisting of family suites, honeymoon suites, spa suites, and standard hotel king and queen rooms. The hotel rooms are also furnished with microwave, refrigerator, work desk, and flat-screen television with premium channels. Additionally, other hotel amenities include a full complimentary continental breakfast, indoor heated pool and spa. Priced at an attractive 21.5% capitalization rate it offers a new investor the opportunity to acquire an established and growing business asset near the Tri-City statistical area. This well-maintained hospitality asset is being sold at a price well below replacement cost. An investor, looking to act as an owner-operator, can maximize profits through a reduction in management costs for the property. With an owners’ quarters that has a kitchen, living room, and separate bedroom ideally located behind the laundry and front desk it is very functional for an owner/operator. Additionally, all guest rooms underwent complete brand standard renovations for the Econo Lodge affiliation in 2019.