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Comfort Inn Lansing 525 N Canal Rd 104 Room Hotel Lansing, MI 48917 For Sale
Investment Highlights
- New 20-Year Franchise Term Available: Choice Hotels is offering a new 20-year franchise term for their Comfort Inn brand to new ownership.
Executive Summary
Comfort Inn by Choice Hotels Affiliation: Nationally recognized midscale brand offering free hot breakfast, free WiFi, business center, and modern guest rooms with pillowtop mattresses and flat screen TVs. $800,000+ in Capital Improvements Since 2016: Extensive renovations completed under current ownership including new mattresses, new carpeting, updated wallpaper, new interior and exterior paint, upgraded bathrooms, HVAC improvements, pool upgrades, and new property signage. Prime Lansing, MI Location Near Major Demand Drivers: Conveniently located just off Interstate 69, minutes from Capital Region International Airport, Lansing Mall, Michigan State University, Michigan State Capitol, Lansing Center, and Kellogg Center.
Property Facts
| Sale Type | Investment | No. Rooms | 104 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1985 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.67 AC | Parking Ratio | 2.1/1,000 SF |
| Building Size | 59,578 SF | Corridor | Interior |
| Zoning | C | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.67 AC |
| Building Size | 59,578 SF |
| No. Rooms | 104 |
| No. Stories | 3 |
| Year Built | 1985 |
| Tenancy | Single |
| Parking Ratio | 2.1/1,000 SF |
| Corridor | Interior |
| Zoning | C |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 6 | $119.00 | - |
| Guest Room | 98 | $94.00 | - |
Property Taxes
| Parcel Number | 040-016-200-047-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,084,000 |
Property Taxes
Parcel Number
040-016-200-047-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,084,000
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Comfort Inn Lansing | 525 N Canal Rd
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