DENVER, Colorado; DETROIT, Michigan; ATLANTA, Georgia—HREC Investment Advisors announced it has arranged the sale of the 94-room Sonesta Merely Suites Detroit – Novi and the 122-room Sonesta Decide Detroit – Novi, located in Novi, Michigan and the 148-room Sonesta Decide Detroit – Auburn Hills, located in Auburn Hills, Michigan. A Michigan-basically basically based entirely resort proprietor/operator has obtained all three sources.
HREC Investment Advisors completely represented an affiliate of Service Properties Have confidence (SVC) because the seller on this transaction. The selling and marketing and negotiations have been led by Scott Stephens (senior well-known & COO – Tampa), Monty Levy (managing director – Atlanta), Jeff Preston (senior vice chairman – Detroit), and Justin Goodenow (vice chairman – Detroit). Service Properties Have confidence, or SVC, is a dependable property investment have faith, or REIT, with over $11 billion invested in two asset categories: hotels and service-centered retail salvage rent properties. As of December 31, 2024, SVC owned 206 hotels with over 35,000 visitor rooms all the way in which thru the us, Puerto Rico, and Canada.
“This winning transaction on behalf of one of HREC’s most important purchasers extra evidences the industry-leading platform of our company, where our neat geographic footprint adds cost,” infamous Levy. Added Preston, “We have been contented to plan solid pricing for our shopper on these trades while at the same time successfully transacting with one of Michigan’s leading resort firms.”
The Sonesta Merely Suites – Detroit Novi and Sonesta Decide – Detroit Novi provide easy regain admission to to the Suburban Showplace Heart, Twelve Oaks Mall, Ascension Providence Medical institution, Interstate 696, downtown Detroit, and plenty of other diversified inquire mills. The Hotels are located reach various firms, together with Harman Worldwide, Ryder Systems, ITS Holding Corp, Cooper Long-established Automobile, and Rapita Systems. For leisure travelers, the Hotels are decrease than a mile from Twelve Oaks Mall, nearby Maybury Reveal Park, two golf classes, and Oakland Hills Memorial Gardens.
The Sonesta Decide – Detroit Auburn Hills offers easy regain admission to to plenty of inquire mills. Auburn Hills is located decrease than 30 miles north of Downtown Detroit and the us-Canada border. The Auburn Hills rapid home is home to Chrysler’s headquarters, three hospitals, Oakland College, an amphitheater, a community college, and a 185-storefront outlet mall. Interstate 75 connects Auburn Hills to the Ambassador Bridge, which is North The usa’s #1 global border crossing.
