Log In/Sign Up
Your email has been sent.
Econo Lodge Lakeview 2050 S US 41 49 Room Hotel Marquette, MI 49855 For Sale
Investment Highlights
- Part of a 3 Property Portfolio - Econo Lodge Lakeview Cedar Motor Inn, & Brentwood Motor Inn - Available Individually or as a Portfolio!
- 182 keys total: (42 Keys – Brentwood, 88 Keys – Cedar, 52 Keys - Econo Lodge) – Well-maintained with recent improvements at all 3 hotels
- Marquette is the largest city in the Upper Peninsula of Michigan (MSA Population of over 67,000; Over 1,000,000 out of market travelers annually)
- Combined April T12 Room Revenue over $3.4M, with Combined NOI of $1.4M! Combined NOI 40% Flowthrough!
- Excellent locations off US Hwy 41 (all three properties) – US Hwy 41 is the busiest highway in the Upper Peninsula of Michigan with an AADT of 30K!
- Less than 5 miles from Northern Michigan University (Over 7,000 Students Enrolled) & Less than 18 miles from Sawyer International Airport
Executive Summary
On behalf of ownership, CBRE Hotels is pleased to present the opportunity to acquire the fee-simple interest in three properties located in Marquette, Michigan: Brentwood Motor Inn, Cedar Motor Inn, and the Econo Lodge Lakeview. These hotels are available for purchase individually or as a portfolio. Less than five miles apart, all three hotels are
strategically located along US Highway 41, which intersects with Michigan Highway 28 (the largest highway in the Upper Peninsula of Michigan), providing easy access to other regional centers and the rest of the state. Marquette is situated on the shores of Lake Superior, nicknamed the “Queen City of the North,” and is the largest city in the Upper Peninsula of Michigan, with a population of over 20,000 people. The Marquette MSA population is over 67,000 and Marquette welcomes 1,000,000 out of market visitors annually. The hotels benefit from year-round demand generators such as lakes, beaches, and hundreds of miles of snowmobile, mountain biking, and hiking trails. Additionally, travelers enjoy shopping for antiques, crafts, and souvenirs, as well as activities like fishing, cross-country skiing, and boating. Marquette is also known for its charming downtown area, featuring shops, restaurants, and historical buildings.
strategically located along US Highway 41, which intersects with Michigan Highway 28 (the largest highway in the Upper Peninsula of Michigan), providing easy access to other regional centers and the rest of the state. Marquette is situated on the shores of Lake Superior, nicknamed the “Queen City of the North,” and is the largest city in the Upper Peninsula of Michigan, with a population of over 20,000 people. The Marquette MSA population is over 67,000 and Marquette welcomes 1,000,000 out of market visitors annually. The hotels benefit from year-round demand generators such as lakes, beaches, and hundreds of miles of snowmobile, mountain biking, and hiking trails. Additionally, travelers enjoy shopping for antiques, crafts, and souvenirs, as well as activities like fishing, cross-country skiing, and boating. Marquette is also known for its charming downtown area, featuring shops, restaurants, and historical buildings.
Property Facts
| Sale Type | Investment | No. Rooms | 49 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1975/2019 |
| Building Class | C | Parking Ratio | 4.75/1,000 SF |
| Lot Size | 3.27 AC | Corridor | Interior |
| Building Size | 28,344 SF | ||
| Zoning | M-U - Hospitality Zoned Property | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.27 AC |
| Building Size | 28,344 SF |
| No. Rooms | 49 |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2019 |
| Parking Ratio | 4.75/1,000 SF |
| Corridor | Interior |
| Zoning | M-U - Hospitality Zoned Property |
Amenities
- Balcony
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 49 | $134.93 CAD | - |
1 1
Property Taxes
| Parcel Number | 52-52-005-164-50 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,559,748 CAD |
Property Taxes
Parcel Number
52-52-005-164-50
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,559,748 CAD
1 of 43
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Econo Lodge Lakeview | 2050 S US 41
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.