Historical Hotel & Motel Sale Listing - Thomas Edison Inn

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Thomas Edison Inn

500 Thomas Edison Parkway, Port Huron, MI 48060

N/A

149 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
149
Building Size:
55,369 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
Cap Rate:
9.77%
No. Stories:
2
Year Built:
1987
Lot Size:
9.37 AC
APN / Parcel ID:
74-06-375-0040-000
Listing ID
14646299
Last Updated
over 1 year ago

Highlights

  • Adjacent to Blue Water Bridge-the fastest link connecting Midwest to the Northeast, East Coast, US ports and Ontario, Canada.
  • Could potentially be flagged to improve operations. Tremendous upside opportunity for an active investor to improve revenues.
  • CASINO Gaming across the river in Port Huron's sister city Sarnia, Ontario.
  • Only full service hotel in 35 mile radius offering large conferance rooms and wedding receptions. Priced at well below replacement cost.
  • Aprox. $66 Billion worth of goods yearly are transported over this bridge and the river.
  • Aprox. 18,000 commercial water vehicles per year use the waterway and 20,000 cars per day are crossing the bridge.

Description

Landmark independent hotel/resort located on one of the great lakes. Full service hotel with complete food, beverage and conference facility. Opportunistic growth and upside opportunity offered to the new buyer. Priced at well below replacement cost per unit. Tremendous demand generators, with ability to expand on adjacent land. Could potentially be flagged to an upscale full service brand. Don t miss this ideal opportunity to acquire this landmark hotel.

The Hotel and Land is on the mouth of the St Clair River overlooking Lake Huron. Adajacent to the Blue Water Bridge a major international crossing connecting Port Huron, Michigan and Pointe Edward Ontario, Canada. It is located in Southeastern Michigan, sixty miles Northeast of Detroit via Interstate Highway I-94 and sixty miles East of Flint via Interstate I-69.

Map of 500 Thomas Edison Parkway, Port Huron, MI 48060 (Saint Clair County)

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Created 6/2/2006