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Travelodge Escanaba 921 N Lincoln Rd 50 Room Hotel Escanaba, MI 49829 $2,895,753 CAD ($57,915 CAD/Room)
INVESTMENT HIGHLIGHTS
- Good owner operator
- Hotel in good condition with minimal new owner PIP expected.
- In-town highway location near demand generators
PROPERTY FACTS
| Price | $2,895,753 CAD | Building Size | 19,390 SF |
| Price Per Room | $57,915 CAD | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1989/2023 |
| Property Type | Hospitality | Parking Ratio | 5.55/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.82 AC | ||
| Zoning | Commercial - Commercial Zoned District | ||
| Price | $2,895,753 CAD |
| Price Per Room | $57,915 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.82 AC |
| Building Size | 19,390 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2023 |
| Parking Ratio | 5.55/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Commercial Zoned District |
AMENITIES
- Business Center
ABOUT 921 N LINCOLN RD , ESCANABA, MI 49829
The TraveLodge was built in 1990 and features two-story construction, vinyl/wood exterior w/decorative brick facade, metal roof, interior corridors, spacious lobby, breakfast area, spa, and commercial laundry. There are 50 guest rooms, consisting of one-room suites, double and single rooms with new queen size and/or double beds and one room with a new king bed. Room amenities include high-speed wireless Internet access, new 42” LG flat screen television w/cable & HBO, direct-dial telephone, electronic door lock, coffeemaker, refrigerator, micro-wave oven, hair dryer, alarm clock and iron/ironing board. The parking lot was recently repaired, sealed, and striped. It is well-lit and offers electrical hookups for trucks. There is landscape stone and occasional shrubbery around the perimeter of the building. Many recent renovations, CapEx list available. The hotel was part of CHOICE Hotels until converting to TraveLodge in 2019.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 3 | $111.69 CAD | - |
| Guest Room | 47 | $91.01 CAD | - |
PROPERTY TAXES
| Parcel Number | 210514202919300029 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $853,231 CAD |
PROPERTY TAXES
Presented by
Travelodge Escanaba | 921 N Lincoln Rd
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