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Riviera Resort 104 W Houghton Lake Dr 26 Room Hotel Prudenville, MI 48651 $1,792,609 CAD ($68,946 CAD/Room)
INVESTMENT HIGHLIGHTS
- Easily Accessible through M-55, US-127, & I-75.
- The Property is Made up of 17 Total Units w/ the Four Buildings, Comprised of Hotel Rooms, Cottages, Studios, & a Beach House
- Michigan North Central Area is a Large Submarket & Contains Around 15,000 Rooms Spread over 273 Properties.
- Beautiful Lake Frontage with Amazing Views of Private Houghton Lake
- Sully’s on The Lake is One of the Best Restaurants on Houghton Lake with Lake Views & Family Style Dining.
EXECUTIVE SUMMARY
A prime opportunity for hospitality and resort investors. The building boasts exceptional facilities and amenities, promising a seamless and rewarding investment experience. With a strategic location and strong tenant demand, this property is poised to deliver outstanding returns for savvy investors looking to capitalize on the vibrant hospitality and resort market in Prudenville.
PROPERTY FACTS
| Price | $1,792,609 CAD | Lot Size | 1.14 AC |
| Price Per Room | $68,946 CAD | Building Size | 16,304 SF |
| Sale Type | Investment | No. Rooms | 26 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 2014 |
| Building Class | C | Corridor | Exterior |
| Zoning | C-W - Commercial Waterfront | ||
| Price | $1,792,609 CAD |
| Price Per Room | $68,946 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 16,304 SF |
| No. Rooms | 26 |
| No. Stories | 1 |
| Year Built | 2014 |
| Corridor | Exterior |
| Zoning | C-W - Commercial Waterfront |
AMENITIES
- Balcony
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 26 | $102.04 CAD | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $652,817 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$652,817 CAD
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Riviera Resort | 104 W Houghton Lake Dr
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