News Summary
Hunter Hotel Advisors has announced the acquisition of the Residence Inn Detroit Novi by Spark GHC, adding 107 keys to their portfolio. Located in a vibrant area near shopping hubs and major automotive companies, this property promises strong demand from both leisure and business travelers. The acquisition reflects Spark GHC’s strategy of investing in high-quality properties. With significant healthcare and educational institutions nearby, the hotel is set for long-term success.
Novi, Michigan – On June 26, 2025, Hunter Hotel Advisors announced the successful acquisition of the Residence Inn Detroit Novi by Spark GHC. The transaction involves the purchase of this 107-key hotel from an institutional seller, marking a significant addition to Spark GHC’s growing portfolio in the hospitality market. This acquisition highlights the company’s ongoing strategy of investing in high-quality properties located in robust submarkets.
The Residence Inn Detroit Novi is situated in a prime area within walking distance to various retail attractions such as Fountain Walk, Twelve Oaks Mall, and Twelve Oaks Commons. This strategic location aids in generating consistent demand for the hotel, driven by both leisure and business travelers. The bustling metropolitan region around Detroit, known as “Motor City,” is home to major automotive corporations including Ford Motor Company, Stellantis, and General Motors, providing a steady stream of visitors to the area.
In addition to the automotive sector, the presence of significant institutions such as Henry Ford Hospital, Wayne State University, and the University of Michigan contributes to the demand for hotel accommodations in Novi. The Residence Inn Detroit Novi offers an on-site fitness center, business center, and indoor pool, catering to the diverse needs of its guests.
Amit Patel, co-founder and CEO of Spark GHC, expressed enthusiasm regarding the acquisition, indicating that such investments align perfectly with their mission to secure high-quality hotels in regions with solid growth potential. The proximity of the hotel to Detroit’s corporate headquarters, healthcare facilities, and educational institutions establishes a durable demand base that promises long-term success for the property.
Hunter Hotel Advisors, which facilitated this transaction under the direction of Spencer Davidson, has built a strong reputation in hotel investment advisory over the past 45 years. The firm specializes in various sizes and complexities of hotel transactions, often resulting in optimal outcomes for clients. Hunter also hosts an annual Hotel Investment Conference in Atlanta aimed at bringing hotel owners and investors together to discuss trends and opportunities in the hospitality industry.
Spark GHC is a minority-owned private real estate firm focused on hospitality, multifamily, and commercial assets in the United States. With approximately $500 million in real estate assets and around 3,600 hospitality keys and multifamily units, Spark GHC has demonstrated rapid expansion, having acquired 13 hotel properties and two multifamily assets in the last 30 months alone. The firm is concurrently involved in the Project Scarlet redevelopment in downtown Cleveland, further underlining its commitment to impactful real estate ventures.
The leadership team at Spark GHC combines operational insight with sophisticated execution strategies, indicating a promising future for the firm and its endeavors in the hospitality sector. The acquisition of the Residence Inn Detroit Novi not only adds to their portfolio but also establishes a foothold in a market characterized by growth and opportunity.
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Additional Resources
- Lodging Magazine: Hunter Hotel Advisors Brokers Sale of Residence Inn Detroit Novi
- Detroit Free Press: Former Dearborn Hyatt Auction
- Detroit Free Press: Auction Details
- Detroit News: Historic Holly Hotel is For Sale
- Crain’s Detroit: Final Book Cadillac Condo Unit Sold
- Wikipedia: Detroit
- Google Search: Residence Inn Detroit Novi
- Google Scholar: Hotel Real Estate Investments
- Encyclopedia Britannica: Hospitality Industry
- Google News: Detroit Hotel Market
Author: STAFF HERE NOVI WRITER
The NOVI STAFF WRITER represents the experienced team at HERENovi.com, your go-to source for actionable local news and information in Novi, Oakland County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Motor City Comic Con, Michigan State Fair, and Novi Home and Garden Show. Our coverage extends to key organizations like the Novi Chamber of Commerce and Novi Community Foundation, plus leading businesses in automotive, technology, and manufacturing that power the local economy such as Gentherm, Stoneridge, and Daifuku North America. As part of the broader HERE network, including HEREDetroitMI.com, HEREGrandRapids.com, HERENorthville.com, and HEREPlymouth.com, we provide comprehensive, credible insights into Michigan's dynamic landscape.
