Excellent location in one of Michigan's premiere tourist destination markets. Priced at a 3.5 revenue multiple and a 10% cap rate. Seller has an SBA loan and his bank will do another SBA loan for the buyer. Two-story building with an elevator and indoor pool. Renting 43 of 44 rooms. Seller uses one room occasionally but keeps it out of rentability. Hotel currently generates approximately $26K per room revenue and the 44th room could be put back into rental.