665 Tecumseh St - Hospitality FOR SALE


Dundee, MI 48131
$5,400,000 USD
734-516-7451
665 Tecumseh St, Dundee, MI for Sale
$5,400,000 USD
Hospitality - FOR SALE
1/13
null | 8.73% Cap Rate

665 Tecumseh St
Dundee, MI 48131


OVERVIEW

Area Overview A major draw for this area is Cabelas Great Outdoors Sporting Retailer located across the street from the hotel and its off-highway US 23 location at exit M-50. The property is approximately halfway between Ann Arbor and Detroit and 25 minutes from the University of Michigan, Toledo Museum of Art, Toledo Botanical Gardens, and Yost Ice Arena. Other area attractions include St. Julian Winery, Dundee Golf Course, Kayaking on the Raisin River, Downtown Historic District with several unique shops listed on the National Registry of Historic Places and the Raisin River Battlefield Park. Area Restaurants include: Bob Evans, Tim Hortons, McDonald's, Wendy’s, Burger King, Great Lakes Eatery, Arby’s, Social House, Applebee’s, Great Wok, and Dickey’s Barbecue. Area Hotels include: Hampton Inn & Suites, Quality Inn, American Inn & Suites, Splash Universe Resort, Days Inn, and Best Western Property Description: The property was built in 2001 with 69 rooms consisting of 20 suites and 49 guest rooms on 3.3 acres with additional land for expansion. In October of 2023 the brand Country Inn and Suites, by Raddison was purchased by Choice Hotels and is now under the Choice reservation system. There has been some adjustment in assimilating the brand under the Choice umbrella resulting in a drop in revenue for 2024. For the new owner, there is an option to continue with the Choice Franchise or change franchise affiliations. One such option is the IHG (Holiday Inn) brand of Garner Hotels.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$387 USD /SF

# OF ROOMS

69

PRICE/ROOM

$78,261 {currency}

CAP RATE

8.73%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Inn & Suites Dundee "Principals Only"

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2001

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.61 AC

LAND SF

157,252 SF

ZONING

Commercial

APN/PARCEL ID

42-040-710-20

ASK ABOUT THIS PROPERTY

John GlasnakHotel Ventures InternationalMore Info
734-516-7451

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John GlasnakHotel Ventures InternationalMore Info
734-516-7451

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