Hotels /MI /Eaton County /Dimondale /9490 Woodlane Dr
Hotels /MI /Eaton County /Dimondale /9490 Woodlane Dr

9490 Woodlane Dr - Hospitality FOR SALE


Dimondale, MI 48821 | 
$5,750,000 USD
231-941-1777
9490 Woodlane Dr, Dimondale, MI for Sale
$5,750,000 USD
Hospitality - FOR SALE
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9490 Woodlane Dr
Dimondale, MI 48821

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HIGHLIGHTS

  • New owner could be all in freshly PIP'ed Holiday Inn Express with a new 15 year license at 3.5-4 multiple of revenue post PIP.

OVERVIEW

Company owned and operated hotel offers a more hands on owner upside in top line revenue and bottom line. Hotel is located at an exit with potential future growth and development.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$123 USD /SF

# OF ROOMS

83

PRICE/ROOM

$69,277 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2012

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

CM

APN/PARCEL ID

080-086-500-056-00

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 Notice.

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