The Sohi Group - Marcus & Millichap

03/12/2024

Exclusive Listing by The Sohi Group of Marcus & Millichap

Property:
Holiday Inn Express & Suites Southfield Detroit

Address:
25100 Northwestern Hwy, Southfield, MI 48075

Specs:
91 rooms (82 Suites), 3 Stories, Renovated 2019

Class & Price:
Upper Midscale, $10,300,000, Cap Rate: 8.00%

Investment Highlights:

Fee-Simple, No Management Contracts/Debt

Strong Performance: 62% Occupancy, ADR $134.04, RevPAR $83.10, 30% NOI Margins, 2023 Room Revenue of $2.8M+

Proximity to Town Center, LTU, Detroit Zoo, Ascension Providence Hospital

For more details: https://conta.cc/3VhQg7K

Please review and contact for further details INVESTMENT OPPORTUNITY: Holiday Inn Express & Suites Southfield Detroit 25100 Northwestern Hwy, Southfield, MI 48075 Number of Rooms: 91 (82 Suites) Year

03/06/2024

The Sohi Group of Marcus & Millichap is thrilled to announce the successful sale of the Fairfield Inn Kalamazoo West, a premier hospitality property located at 6420 Cracker Barrel Blvd, Kalamazoo, MI 49009.

Highlighted Features of the Property:

- Modern amenities and comfortable accommodations.
- Most recently renovated in 2019 with minimal change of ownership PIP.
- Close proximity to Western Michigan University and Kalamazoo College, ensuring a steady flow of visitors year-round.

Area Highlights:
- Thriving Submarket: The Kalamazoo/Battle Creek Submarket continues to see robust growth, driven by its diverse economy and strategic location.
- Cultural Attractions: Explore Kalamazoo's vibrant arts scene, museums, and entertainment venues for enriching experiences.
- Convenient Access: Situated near major highways like I-94 and US-131, guests enjoy easy access to downtown Kalamazoo, the airport, and other key destinations.


We extend our heartfelt gratitude to all parties involved in this successful transaction. For further inquiries or future opportunities in the hospitality sector, please do not hesitate to contact us.

https://conta.cc/3Tp2TfP

Thank You for Trusting Us with Your Hotel Investments The Sohi Group of Marcus & Millichap is thrilled to announce the successful sale of the Fairfield Inn Kalamazoo West, a premier hospitality proper

05/26/2023

On this Memorial Day, please join me in honoring the men and women of the armed services who gave their lives to defend the United States. The sacrifice made by these fallen heroes and their families is fundamental to the freedom and opportunities we all share as Americans.

On behalf of The Sohi team, we hope you enjoy this holiday with your family and friends.

All the best,

03/10/2023

Sales prices are breaking records while Choice Hotels sees ‘multifamily-like’ cap rates.

02/28/2023

Marcus & Millichap is ranked the #1 Overall Brokerage by Real Estate Alert for sales of $5 million to $25 million. This accomplishment is a recognition of the power of our platform, our commitment to specialization, and the trust our clients place in us. See how we can achieve exceptional results for you today, tomorrow, and for years to come. Feel free to email us at [email protected]

02/28/2023

Normally, a better-than-expected jobs report is great news for commercial real estate demand. The news of 500,000 plus job additions in January, as well as record-low unemployment rates, should be no exception as far as long-term property fundamentals are concerned. However, this may prompt the Fed to take a more aggressive stance on rate hikes for longer. Nonetheless, investors should keep two factors in mind:

1) The jobs report showed strength in lower-paying employment categories.

2) The effects of past interest rate hikes have yet to show up in slowing economic activity fully.

Despite ongoing inflation concerns, the Fed tightening cycle should be nearing its end in the coming months. For more information on January job growth and its potential impact on CRE, see the link below for our research department's latest perspective.

John Chang discusses the January jobs report and the implications for CRE!

12/25/2022

On behalf of The Sohi Team at Marcus & Millichap, we thank you for your support and partnership with us in 2022. We wish you and your loved ones a happy and safe holiday season.

We are unwavering in our commitment to help you navigate a challenging market environment with best-in-class research, investment brokerage financing and insurance. We look forward to being part of your success in 2023 and beyond.

All the best, Jas Sohi

Jasdeep Sohi

11/24/2022