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Auction - Causeway Bay Hotel | 300 Rooms 6820 S Cedar St 300 Room Hotel Lansing, MI 48911 $1,033,500 CAD ($3,445 CAD/Room)
Investment Highlights
- STARTING BID $750,000 | Causeway Bay Hotel | 300 Rooms | Lansing MI | AUCTION OCTOBER 5-7
- ±26,000 SF Convention & Event Capacity: Meeting rooms, restaurant/bar, indoor pool, and business center create multiple revenue channels.
- Significant RevPAR and Income Growth Upside: Year 1 pro forma projects $2.46M in room revenue and $689,877 NOI at just 30% occupancy.
- 300-Room Hotel with Repositioning Upside: Five-story asset on ±11.52 acres has S-C zoning and multifamily/commercial conversion potential.
- Direct I-96 Access in Michigan's Capital: Interstate positioning connects the asset efficiently to downtown and regional demand generators.
- Surrounded by Major Lansing Demand Drivers: MSU, GM, McLaren, Hope Sports Complex, and the regional airport are all within ±10 miles.
Executive Summary
Brokered by Marcus & Millichap, Causeway Bay Hotel & Convention Center at 6820 S Cedar Street in Lansing, Michigan is a 300-room, five-story full-service hotel on ±11.52 acres. Built in 1985 and renovated in 2012, the Property includes ±26,000 SF of meeting space, an indoor pool, restaurant/bar, business center, and meeting facilities. Located directly off I-96 with traffic counts of 46,458 vehicles per day, the asset offers convenient access to Downtown Lansing, Michigan State University, GM Lansing Grand River Assembly, McLaren Greater Lansing Hospital, Hope Sports Complex, and Capital Region International Airport. The Opportunity exists for significant RevPAR growth through hands-on management and an improved reservation strategy, while also presenting multifamily or commercial conversion potential. S-C, Suburban Commercial zoning, provides an additional redevelopment consideration. The Year 1 pro forma projects $2.46 million in room revenue and $689,877 in NOI at 30% occupancy, offering substantial operational and repositioning upside.
Property Facts
| Price | $1,033,500 CAD | Building Size | 164,155 SF |
| Price Per Room | $3,445 CAD | No. Rooms | 300 |
| Sale Type | Investment | No. Stories | 5 |
| Property Type | Hospitality | Year Built/Renovated | 1985/2012 |
| Property Subtype | Hotel | Parking Ratio | 1.08/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 7.75 AC | ||
| Zoning | F Commerical | ||
| Price | $1,033,500 CAD |
| Price Per Room | $3,445 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 7.75 AC |
| Building Size | 164,155 SF |
| No. Rooms | 300 |
| No. Stories | 5 |
| Year Built/Renovated | 1985/2012 |
| Parking Ratio | 1.08/1,000 SF |
| Corridor | Interior |
| Zoning | F Commerical |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- Spa
- High Speed Internet Access
- Patio
- On-Site Bar
- Convention Hotel
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | $261.82 CAD | - |
| Guest Room | 285 | $128.15 CAD | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,605,522 CAD | |
| Land Assessment | $938,142 CAD | Total Assessment | $3,543,665 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$938,142 CAD
Improvements Assessment
$2,605,522 CAD
Total Assessment
$3,543,665 CAD
Contacts
-
Adam Sklaver -
Scott Havericak -
Philip Kates -
Kyle Hynes -
Paul Kerber -
Marcus & Millichap
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Auction - Causeway Bay Hotel | 300 Rooms | 6820 S Cedar St
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