Project Description

The 129-Key Courtyard is located in Lansing, Michigan. The hotel was constructed in 1987 and features concrete and steel frame construction. The hotel recently experienced a full overhaul including exterior re-imaging, lobby improvements, and interior renovations, as well as major improvements to all room types. Lansing is 60 miles southwest of Grand Rapids, MI and 80 miles northwest of Detroit. The Hotel is located near an upscale retail corridor, Eastwood Towne Center on the west side of Lansing while proximate to Michigan State University (MSU), the Lansing airport, and downtown Lansing.

LOCATION: Lansing, MI

YEAR BUILT: 1987

NUMBER OF ROOMS: 129

AQUISTION DATE: September 2017

PROJECTED IRR: 20%

PROJECTED EQUITY MULTIPLE: 2.14

BUSINESS PLAN: Renovation/Management Realignment