This Hotel & Motel Property is Off-Market.

500 Thomas Edison Parkway
Port Huron, MI 48060 ·

149 Rooms · Hotel & Motel For Sale

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Thomas Edison Inn

Price N/A Cap Rate 9.77%
No. Rooms 149 No. Stories 2
Building Size 55,369 SF Year Built 1987
Property Type Hotel & Motel Lot Size 9.37 AC
Property Sub-type Full Service APN / Parcel ID 74-06-375-0040-000
Property Use Type Investment
Listing ID: 14646299 Date Created: 06/02/2006 Last Updated: 08/01/2006

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.

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.

Research

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

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