Property History
Property Type
Property Type
Property Subtype
Marketing Description
- Grand Traverse County ranks in the top 10 Counties in Visitor Spending. Tourism generated more than $1.23 Billion Economic Activity for Traverse City.
- 80-Room, Four-Story, Interior Corridor with Restaurant, pool, exclusive on the East Arm Grand Traverse Bay beach front access
- Capitalizing on restaurant, bar, wine tour, and wedding revenue streams, this property has proven stable revenue growth rising from 2016 to current with gross revenue at $2.7 MM to an annualized $3.0 MM respectively.
Investment Highlights
- Location: 1401 N US Highway 31, Traverse City MI 49686
- Size: 80 Rooms
- Price:$15,500,000
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
Contacts
Map
Comparable Properties
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