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2650 I-75 Business Loop
Grayling, MI 49738
Ramada Inn and Conference Center · Hospitality Property For Sale
·
149,355 SF
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 149,355 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1972/2003 |
| Lot Size | 7.19 AC | Corridor | Interior |
| Zoning | Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 7.19 AC |
| Building Size | 149,355 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2003 |
| Corridor | Interior |
| Zoning | Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 2650 I-75 BUSINESS LOOP , GRAYLING, MI 49738
The property is experencing tremendous growth in room revenue, since the renovation was completed. Additional potential revenue exist for leasing a space for a Brew Pub / Restaurant at the facility. Wyndam does not require a restaurant, but the prior owner of the hotel had a substanial revenue stream for operating the restaurant, it was the most popular spot for locals and travelers to the area. The hotel does a high percentage of business with the military and it's contractors, because it's near the largest National Guard Base in the United States. In addition, Grayling industry, housing and retail development is in upward growth cycle ! This sale is a rare opportunity to purchase a very profitable hotel at a below market price. Owners have ordered an immediate sale, as they are looking to do a 1031 exchange !
PROPERTY TAXES
| Parcel Number | 070-018-013-145-01 | Improvements Assessment | $1,884,000 |
| Land Assessment | $147,200 | Total Assessment | $2,031,200 |
PROPERTY TAXES
