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Off Market
1/25

604 N McEwan St
Clare, MI 48617


HIGHLIGHTS

  • Diverse Income Generators from Hotel-Guest Rooms, Restaurant & Bar, Banquet Facilities, and Convention Center.
  • Major renovations & capital expenditures in recent years bringing the Property up to date in both interior & exterior.
  • Unique Historic Boutique Property within the Clare Michigan Submarket.
  • Conveniently a 20-minute drive from Soaring Eagle Casino, Central Michigan University, and Firefly Golf Links Course.

OVERVIEW

Once home to a speakeasy during prohibition, this amenity-rich hotel includes 157-guest rooms, an Irish Pub, with banquet & conference facilities. Notable facility amenities include an indoor heated pool & jacuzzi and electric vehicle charging stations. Located in the heart of golf country and only 20 minutes from Soaring Eagle Casino, the property sits on 3.45 acres. There are exceptional revenues with major upside potential for new ownership to increase bottom line. The Doherty Hotel & Conference Center operates on a Seasonal Business Year starting on Oct. 1 and ending on Sept. 30. Multigenerationally owned (90+ Years) with unique historical presence in the City of Clare and well established reputation. Located off US-10/US-127 (20,000+ VPD) and on McEwan Street (11,000+ VPD) realizing 17% traffic volume growth in 2021. Less than 20 Minutes from Soaring Eagle Casino, Central Michigan University, and 5+ Golf Courses. This property is well-positioned geographically and allows investors to purchase a Full-Service asset that will benefit from a projected uptick in drive-to tourism Strong interest from several hotel brands with key money available. Potential for new management/ownership to drive up topline revenue by franchising opportunities and decrease expense load. No Upper Midscale competition within 20-mile radius. Emerging Commercial & Industrial Area with development underway.

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Doherty Hotel & Conference Center

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

212399

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1924

PARKING SPACES

154

LAND DETAILS

LAND ACRES

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LAND SF

-

ZONING

CM

APN/PARCEL ID

051-059-001-02