Rodeway INN
Hospitality | 50 Keys
Marketing description
Presenting Roadway Inn Whitehall, a thriving 50-room motel located at 3080 Colby St. Whitehall, MI-49461. This well-established Michigan hospitality asset boasts consistent cash flow, high-value upgrades, and a prime location in the resilient Whitehall market. The property highlights include over $65,000 in recent investments, such as a new roof, upcoming boiler upgrade, parking lot improvements, and high-standard heating and cooling units. With a focus on guest comfort and operational excellence, the motel stands out in the 721110 business code as a staple of the community. Offered at $2,200,000 with a favorable 19.35% cap rate, this property presents a lucrative opportunity for investors looking to enter the Holland & Muskegon market. Don't miss the chance to own this income-producing asset with well-maintained grounds and a strong track record in the Northern Muskegon County submarket.
Investment highlights
Ownership has maintained a strong commitment to asset preservation, reinvesting over $65,000 into the property since 2022. The facility features a roof replaced in 2015 and a scheduled boiler upgrade for 2026.
Recent improvements include a 2023 parking lot reseal and restripe, alongside the continued utilization of P-tech heating and cooling units to ensure high-standard guest comfort.
Modern Amenities: Operational costs confirm a focus on the guest experience, including dedicated spending on room cable subscriptions and high-quality hotel supplies
Prime Hospitality Corridor: Operating under the 721110-business code (Hotels and Motels), the property is a staple of the Whitehall community.
Well-Maintained Grounds: Expenses highlight ongoing professional maintenance for "Lawn Care & Snow Removal," ensuring the property maintains curb appeal year-round in the Michigan climate
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