Best Western Plus hotel up for sale through online auction
Sterling Heights' 246-room, full-service hotel "Best Western Plus" is up for sale through an online auction scheduled to take place on 24th of October this year.
The auction process is being managed by Los Angeles-based commercial real estate services & investment firm CBRE Auction Services. The opening bid for the hotel is $2 million or around $8,130 per room. Use of the Best Western name is subject to approval by Best Western International Inc.
Douglas Johnson, the managing director of CBRE Auction Services, said, "The opening bid is designed to attract attention. I expect that we're going to see significant interest in the site, given that we're talking about almost 14 acres of land with tremendous redevelopment opportunities."
An initial bidding registration deposit of $150,000 is required to participate in the auction. Prior appointments are required to take a tour of the property.
Located at 34911 Van Dyke in Sterling Heights, Best Western Plus is currently running under the management of Midas Hospitality. Midas Hospitality, which owns, operates and develops hotels, has a portfolio of twenty hotels in around a dozen of states serving six global brands.
Surrounded by many national and international corporations like Ford, Chrysler and General Dynamics, Best Western Plus generates stable mid-week activity, mainly from the business community. In addition, its 32,000-sq. ft. water park and 15,000-sq. ft. ballroom regularly draws leisure guests.
- Tesla’s Model 3 EV with 93-mile range being advertised on Canadian website
- Tesla delays deliveries of refreshed Model S and Model X electric vehicles
- Tesla offering 50% discount on Supercharging at night in California
- GM takes wraps off Hummer EV SUV version; International launch scheduled for 2023
- Toyota’s plug-in car sales in U.S. jump to almost 10,000 in first quarter of 2021
New Zealand News
- Hyundai Motor Corp to create ultra-fast EV charging network E-pit in Korea
- MGE gets six-month extension for South Korea’s Inspire Entertainment Resort development project
- Price of two cheapest trims of Tesla Model 3 electric sedan increased by $500
- Genting Malaysia asks employees to accept reduced pay; executives to take leave without pay
- Tesla to design & build affordable EV in China: Tom Zhu
The Health Department of Northwest Michigan has...Read More
American gaming and hospitality giant Boyd Gaming...Read More
An American citizen who had boasted in front of an...Read More
Pushing the long-awaited Chicago casino project...Read More
A study was conducted to evaluate the effect a...Read More
Tech biggie Google’s recent filing with the US...Read More