Spark GHC purchased the 107-key Residence Inn Detroit Novi from an institutional seller. Hunter Hotel Advisors' Spencer Davidson, senior vice president, facilitated the transaction.
The Residence Inn Detroit Novi is within walking distance to numerous retail attractions including Fountain Walk, Twelve Oaks Mall and Twelve Oaks Commons. Detroit, known as "Motor City," is the heart of the American automotive industry, home to major players like Ford Motor Company, Stellantis and General Motors generating consistent corporate volume. Nearby institutions such as Henry Ford Hospital, Wayne State University and the University of Michigan generate significant healthcare and academic-related travel.
“We are thrilled to acquire the Residence Inn Detroit Novi as part of our continued expansion in the extended stay segment,” Amit Patel, co-founder and CEO of Spark GHC, said in a statement. “This asset exemplifies our strategy of investing in high-quality hotels located in fundamentally strong submarkets. Its proximity to Detroit’s major corporate headquarters, healthcare institutions and top-tier universities creates a highly durable demand base. We look forward to unlocking long-term value for our investors and guests alike.”
The Residence Inn Detroit Novi has an on-site fitness center, business center and indoor pool.