6500 E Albain Rd - Hospitality FOR SALE


Monroe, MI 48161
$3,000,000 USD
203-550-0771
6500 E Albain Rd, Monroe, MI for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/5
null | 5% Cap Rate

6500 E Albain Rd
Monroe, MI 48161


HIGHLIGHTS

  • Conveniently Located off Interstate 75, Exit 11 and is Adjacent to The Links at the Lake Erie Golf Course
  • Spacious Lobby, Isolated Breakfast Room, Meeting Room, Indoor Pool, Business Center, Exercise Room, Sun Deck and Guest Laundry
  • Econo Lodge Inn Hotel was Opened in 1997 and has Been Affiliated with Choice Hotels International Since

OVERVIEW

"I kindly request that initial contact be made via postal mail." Do not call property. The subject property is directly off Interstate 75 with favorable egress/ingress. The property is known for having many repeat clients coming into the area. A new owner can come in and be more hands on with the marketing and the revenue management of the property by taking advantage of peak times. They can also reduce expenses which will increase their bottom line Econo Lodge is a three-story, 64-room hotel built in 1997 as Comfort Inn and Suites, fully renovated. Recent renovations include furniture, mattress. Located in Monroe, The Econo Lodge Hotel is strategically located between Detroit, Michigan and Toledo, Ohio off Interstate 75 via Monroe County Visitors and Tourism Bureau. Monroe county is the #1 tourist destination county in the state of Michigan with over 20 million visitors annually. Lake Erie boating, the mall of Monroe and other recreational activities contribute to the third of visitors. Tourism is a half billion dollar industry in Monroe county and those expenditures include lodging. There is a lot of potential in the area with Fermi Three Nuclear Plant, and Pro-medica building a hospital four miles from the property. Demand Generators are DTE, Consumers Energy, FERMI nuclear plant, PSC, Tennenco Automotive, Milan Dragway, Lazy Boy, Gerdau Steel, Pro-medica Hospital, River Raisin Center for Arts, API Construction Company, Advanced Heat Treat, Center for Life Enhancement, Monroe County Community College, Travel Centre of America, State of Michigan, Meijers, Charter Communications, Newkirk and Veolia Environmental.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$83 USD /SF

# OF ROOMS

63

PRICE/ROOM

$47,619 {currency}

CAP RATE

5%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Inn & Suites Monroe

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1997

PARKING SPACES

82

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,097 SF

ZONING

N/Av, Monroe

APN/PARCEL ID

12-010-216-10

ASK ABOUT THIS PROPERTY

Vijay SuryavanshiVijay SuryavanshiMore Info
203-550-0771

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Vijay SuryavanshiVijay SuryavanshiMore Info
203-550-0771

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