Print Page   |   Contact Us   |   Sign In   |   Register
News & Press: Member News

CBRE|MARTIN NEGOTIATES SALE OF FORMER DAYS INN IN LANSING

Wednesday, September 09, 2015   (0 Comments)
Share |

CBRE|MARTIN NEGOTIATES SALE OF FORMER DAYS INN IN LANSING

Property to be Redeveloped as Hilton Garden Inn Under New Ownership
EAST LANSING, MI – Sept. 9, 2015 – CBRE|Martin is pleased to announce the sale of the former Days Inn at 7711 W. Saginaw Hwy. in Lansing, Mich.

Shriji Hospitality, Inc. sold the 325,157 SF property to new owner, Saginaw Road Investment, LLC who intends to redevelop the site into a new five-story Hilton Garden Inn with a free-standing full-service restaurant and the potential for a small retail user.
CBRE|Martin Senior Vice President of Brokerage Services, Shawn H. O’Brien, CCIM and Associate and Retail Advisor, Amy Richter-Perkins represented the seller in the transaction. With the goal to obtain the best price for the seller by presenting the property to the widest array of buyers, CBRE|Martin assessed the site for redevelopment options to create maximum value. The closing date on the property was May 15, 2015.

“Shawn worked diligently to market this property to a wide range of buyers and helped us select the right buyer who performed, which I am confident will create the highest and best use of the site,” said Pratyush Patel, managing partner of Shriji Hospitality, Inc. “We were very happy with how Shawn and CBRE|Martin represented our interest throughout the process and will definitely use them again.”

About CBRE|Martin

CBRE|Martin is a CBRE affiliate office serving Mid-Michigan. CBRE|Martin offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; and research and consulting. Please visit our website at cbrelansing.com.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at cbre.com.


This month's E-Chamber Connect Sponsors

Association Management Software Powered by YourMembership.com®  ::  Legal