1400 Us Highway 31 - Hospitality FOR SALE


Beulah, MI 49617
$5,500,000 USD
231-941-1777
1400 Us Highway 31, Beulah, MI for Sale
$5,500,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

1400 Us Highway 31
Beulah, MI 49617


HIGHLIGHTS

  • Superior location on US Highway 31 in Northwest Michigan
  • Award winning national franchise affiliation
  • Market leader in occupancy,adr, and revenue
  • Excellent condition throughout
  • Pre-Approved for SBA 504b Financing. Contact broker for details.

OVERVIEW

PRICE REDUCTION/PRINCIPLES ONLY. The Baymont by Wyndham was built as a Best Western hotel in 2005 and converted to a Baymont in 2019. The hotel has been recognized with the "Best of Baymont" award in years 2021, 2022, and 2023. The hotel features 43 guestrooms in a two-story building with interior corridors, elevator, breakfast room, business center, fitness center, indoor heated pool, outdoor seasonal spa and sundeck, 400 square feet of event space w/kitchen that will accomodate 25 conference guests or 160 banquest guests. All guestrooms feature a flat-screen HDTV, large desk, safe, mini-refrigerator, microwave, coffee maker, iron/ironing board, hair dryer, and offer high-speed Internet access. The hotel has excellent visibility and accessibility. The asphalt parking lot is lined, well-lighted, and will accommodate bus, truck, and RV parking. The hotel grounds are professionally landscaped with small trees, occasional plants, and shrubbery. The Baymont by Wyndham's address is 1400 US Highway 31, Buelah, MI 49617. The village of Buelah is the county seat of Benzie County. Benzie County has 60 miles of shoreline, of which 25 miles are on Lake Michigan, including a portion of the Sleeping Bear Dunes National Lakeshore. This natural scenic area of northern Michigan, with its sandy beaches, high bluffs, clean lakes, and natural rivers has been titled "The Best Place in Michigan for Outdoor Sports. Crystal Lake Golf is located within two miles of the hotel. Crystal Mountain Resort and the Betsie River are easily accessible nearby. Cherry Capital Airport (TVC) located in nearby Traverse City is a 30 minute drive away.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$282 USD /SF

# OF ROOMS

43

PRICE/ROOM

$127,907 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont Inn & Suites Beulah

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2005

PARKING SPACES

81

LAND DETAILS

LAND ACRES

5.12 AC

LAND SF

223,027 SF

ZONING

CM

APN/PARCEL ID

02-013-016-00

ASK ABOUT THIS PROPERTY

Meril DeanSmith Dean BurgettMore Info
231-941-1777

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Meril DeanSmith Dean BurgettMore Info
231-941-1777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.