Country Inn & Suites by Radisson Lansing 6511 Centurion Dr

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Country Inn & Suites by Radisson, Lansing, MI (‘Hotel’ or ‘Property’) located in Lansing, MI. The Radisson Hotel Group-branded Hotel is being offered at $5,500,000 or $63,218 per key.
The Country Inn & Suites by Radisson, Lansing, MI is a three-story hotel with 87 rooms, located at 6511 Centurion Dr, Lansing, MI 48917. The Hotel is easily accessible from US-496, which sees an annual average daily traffic of approximately 23,862 vehicles. Various common area amenities at the Property include meeting/event space, heated indoor pool, fitness center, business center, breakfast area, and bus parking.
The Lansing-East Lansing Metropolitan Statistical Area (MSA) which serves as the political, educational, and cultural hub of Michigan. The Lansing MSA includes Ingham, Eaton, and Clinton counties, with a population of over 541,297. Lansing, as the state capital, is home to a diverse economy driven by government operations, higher education, healthcare, and manufacturing industries.
Lansing benefits from the presence of several large employers that anchor its economy. Michigan State University (MSU) (8.7 miles), with over 12,000 faculty and staff and a sprawling 5,200-acre campus, is one of the area’s largest employers. The university brings significant economic activity, attracting students, faculty, and visitors year-round. General Motors (4.1 miles), operates two plants in the Lansing region, employing more than 4,000 workers and contributing heavily to the local manufacturing sector. The State of Michigan-State Capital (5.2 miles), headquartered in Lansing, employs over 14,000 workers in various government offices, driving steady business travel into the region.
Lansing is home to a comprehensive healthcare system that includes several major hospitals and specialty care centers. Sparrow Health System, the largest healthcare provider in the region, operates Sparrow Hospital (7.1 miles), a 733-bed facility known for specialties in cardiology, oncology, and trauma care. McLaren Greater Lansing Hospital (11.7 miles), with 310 beds, specializes in orthopedics, neurology, and general surgery, serving as another key healthcare provider.
Lansing is home to Michigan State University (MSU) (8.7 miles), one of the largest and most prestigious research universities in the U.S., with an enrollment of over 50,000 students. MSU’s strong programs in agriculture, engineering, business, and health sciences make it a key driver of economic activity in the area, attracting students, faculty, and international scholars. Lansing Community College (LCC) (2.1 miles), with an enrollment of over 14,000 students, offers a range of associate degrees and technical programs in fields like healthcare and manufacturing.
Lansing, MI, benefits from a variety of demand generators that consistently support hotel occupancy. Major employers like the Amazon Fulfillment Center (1.6 miles), Michigan Department of Corrections (6.2 miles), and Meijer Distribution Center (2.1 miles), drive steady business travel. Capital Region International Airport (6.7 miles), connects travelers to the area, supporting both business and leisure tourism. Popular attractions include Jackson Field (6.9 miles), Potter Park Zoo (7.4 miles), the Impression 5 Science Center (6.5 miles), and the Wharton Center for Performing Arts (10 miles), all of which draw year-round visitors. Outdoor recreation is boosted by Eagle Eye Golf Club (13.2 miles), Hawk Hollow Golf Course (14.8 miles), Meridian Sun Golf Club (15.4 miles), and other spots like Rose Lake State Wildlife Research Area (19 miles), Lake Lansing Park (15.5 miles), Frances Park (4.8 miles), Harris Nature Center (16.6 miles), and Fletcher-Robson Nature Park (17.4 miles). These combined demand generators make Lansing a strong market for hotel investment.
The Hotel's current RevPAR index of 90 percent indicates untapped potential. With strategic revenue management and marketing, a new owner could raise the index to 95-97 percent, driving room revenues to approximately $1.78-2.05 million dollars. This improvement would enhance ROI and increase asset value, offering substantial upside for investors. Between year-end 2023 and the twelve months ending in September 2024, the Hotel saw a notable increase of over 9 percent in room revenue. This presents significant benefits for potential investors, including heightened room revenues, excess capital for renovations, and operational benefits such as improved cash flow and economies of scale.