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Rodeway Inn Whitehall 3080 Colby Rd 50 Room Hotel Whitehall, MI 49461 $2,200,000 ($44,000/Room) 19.35% Cap Rate

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EXECUTIVE SUMMARY

This established Michigan hospitality asset represents a stabilized, owner-operated motel with a proven track record of
consistent cash flow and high-value physical improvements. Located in Whitehall, MI, the property benefits from a prime
position within a resilient local market, showing strong recovery on stable demand.
Ownership has maintained a strong commitment to asset preservation, reinvesting over $65,000 into the
property since 2022. The facility features a roof replaced in 2015 and a scheduled boiler upgrade for
2026. Recent improvements include a 2023 parking lot reseal and restripe, alongside the continued utilization of P-tech heating and cooling units to ensure high-standard guest comfort.

PROPERTY FACTS

Price $2,200,000
Price Per Room $44,000
Sale Type Investment
Cap Rate 19.35%
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 2.00 AC
Building Size 22,000 SF
No. Rooms 50
No. Stories 3
Year Built/Renovated 1989/2015
Tenancy Single
Parking Ratio 4.55/1,000 SF
Corridor Interior
Zoning MI LIMI

AMENITIES

  • Business Center
  • Wheelchair Accessible
  • Meeting Event Space
  • Public Access Wifi
  • Hot Tub
  • Smoke Detector

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 50 $120.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-027-200-0011-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$438,300
  • Listing ID: 39242728

  • Date on Market: 1/28/2026

  • Last Updated:

  • Address: 3080 Colby Rd, Whitehall, MI 49461

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