Hospitality Business for Sale in Kalamazoo, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Kalamazoo, MI 49009
  • Year built: 1974

Description

Marcus & Millichap has been chosen to exclusively market for sale the Delta Hotels Kalamazoo Conference Center, a four-story, interior corridor hotel and 42,000+ square-foot conference center ideally situated on 9.29 acres along U.S. Route 131 in Kalamazoo, Michigan. The hotel was recently renovated in 2018 and features a heated indoor pool & spa, fitness center, business center, outdoor patio, game room, evening bar service, and guest laundry facilities, among others. The onsite conference center, renovated in 2019, consists of 21 flexible meeting rooms across 42,084 square feet of event space. Flight Restaurant & Lounge offers regionally inspired dishes with a rotation of Kalamazoo craft beers on tap and a refreshing take on classic Michigan cuisine. The property is ideally situated 4 miles from Downtown Kalamazoo, which boasts several attractions including museums, parks, and event centers. The city is home to Western Michigan University, which features the Miller Auditorium and Waldo Stadium, as well as an enrollment of 17,605 students. There are new commercial developments in the area including the Kalamazoo Event Center, a major $515 million development featuring a new arena for WMU sports and the K-Wings, hosting concerts, sports, and community events, set to open Fall 2027. Located 3 miles from the hotel is a new $40 million development of an indoor youth sports facility, in which this hotel will be a host of starting 2027. The Delta Hotels Kalamazoo Conference Center represents the opportunity to acquire a well-appointed Marriott-branded hotel in a stable market near several demand drivers. The new owner has the opportunity to complete the PIP and capitalize on onsite amenities to maximize returns. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Kalamazoo region. Investment Highlights: • Priced at $46,703 Per Key | 7.9% Cap Rate | 3.1x Room Revenue Multiplier • Well-Appointed Marriott-B

Market Context

This hospitality in Kalamazoo, MI is listed for sale. It is offered at an approximate 7.9% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1974. It has been on the market for 67 days. Compare it against other hospitality listings for sale in Kalamazoo, MI — <a href="/search/sale/hospitality/michigan/kalamazoo">view the full market</a>.

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