Travelodge by Wyndham - Gaylord
Hospitality | 137 Keys
Marketing description
Visit Michigan Hotel For Sale - Gaylord, MI | Hotel Brokers International for more information.
Alpine Realty Capital, LLC is pleased to present qualified investors the opportunity to acquire fee simple interest in the Travelodge by Wyndham Hotel in Gaylord, Michigan (“Property”). Located along Interstate 75 in highly popular Northern Michigan with convenient access to the resort destinations of Petoskey, Charlevoix and Boyne City, the Travelodge by Wyndham-Gaylord is a two-story, select-service hotel featuring 137 guest rooms comprised of multiple room types and configurations (see Figure 1 below). Opened in 1969 as a Holiday Inn, the property also includes a currently vacant restaurant and lounge with a full kitchen as well as more than 3,000 square feet of meeting space and indoor swimming pool and whirlpool tub.
Investment highlights
Michigan Hotel For Sale - Gaylord, MI | Hotel Brokers International
THIS PROPERTY CONTAINS MANY UNIQUE FEATURES TO SUPPORT ITS VALUE:
-A LIQUOR LICENSE IS INCLUDED IN THE SALE
-THE PROPERTY IS SITUATED ON NEARLY 6 ACRES WITH APPROXIMATELY 700 FEET OF PRIME FRONTAGE ALONG I-75 PROVIDING SIGNIFICANT RE-DEVELOPMENT OPPORTUNITIES
-THE GAYLORD LODGING MARKET CONTINUES TO PRODUCE STRONG GROWTH
-32 UNITS WERE CONVERTED TO EXTENDED STAY WITH KITCHENETTE AS PART OF RENOVATION
-THIS RENOVATED PROPERTY IS PRICED AT A FRACTION OF REPLACEMENT COST!!
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