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Travelodge by Wyndham Gaylord 833 W Main St 137 Room Hotel Gaylord, MI 49735 $5,364,918 CAD ($39,160 CAD/Room)
INVESTMENT HIGHLIGHTS
- Well located at Exit #282 off Interstate 75 and the main traffic corridor, State Highway 32 (Main Street)
- Tremendous upside to complete PIP franchise renovations
- Excellent opportunity to develope the vacant restaurant and bar located on-site
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $5,364,918 CAD | Building Size | 126,382 SF |
| Price Per Room | $39,160 CAD | No. Rooms | 137 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built | 1969 |
| Property Type | Hospitality | Parking Ratio | 1.71/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 4.50 AC | ||
| Zoning | B-3 - Commercial Zoned Property, Possible conversion to multi-family allowed under this zoning. | ||
| Price | $5,364,918 CAD |
| Price Per Room | $39,160 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.50 AC |
| Building Size | 126,382 SF |
| No. Rooms | 137 |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.71/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | B-3 - Commercial Zoned Property, Possible conversion to multi-family allowed under this zoning. |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
ABOUT 833 W MAIN ST , GAYLORD, MI 49735
The 137 room Travelodge by Wyndham is a full-service, independently operated hotel, built in 1969. It is two-story construction with interior corridors and contains a gross building area of 70,000 SF. Hotel amenities include a modern mix of guestrooms, including some poolside rooms, vacant restaurant and bar, indoor pool, whirlpool spa and sauna, 3 large conference rooms, 2 board rooms, banquet facilities, free buffet breakfast, lobby and guest registration, game room, vending, and ample paved parking w/cold weather hook-ups. Guestroom amenities include flat screen television w/cable, telephone w/data port, work desk/chair, safe, clock radio, coffee maker, refrigerator, hairdryer, iron/ironing board, and high-speed wireless Internet access throughout. Located right at the 45th parallel, Gaylord is truly the "heart" of northern Michigan. Fondly known as the Alpine Village, the Swiss-themed shopping district offers visitors a unique variety of shopping, microbrews, and scrumptious dining options. The downtown Pavilion is a popular gathering place for festivals, community events, entertainment and a farmer's market. With over 90 inland lakes, seemingly endless miles of outstanding hiking and biking trails, a winter wonderland bursting with activities for snow lovers, and the Gaylord golf Mecca's selection of world-class golf courses, Gaylord is your four-season favorite destination!
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 137 | $115.55 CAD | - |
PROPERTY TAXES
| Parcel Number | 101-104-000-160-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,434,259 CAD |
PROPERTY TAXES
Presented by
Travelodge by Wyndham Gaylord | 833 W Main St
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