1400 Us-31, Honor, MI 49617

This exceptional 43-key Baymont by Wyndham hotel presents a lucrative investment opportunity. Boasting a strong 10.84% cap rate and a net operating income (NOI) of $650,000 (as of 01/01/2023), this two-story, 2005-built property offers significant potential for growth. Recently renovated in 2021/2022, the hotel is in excellent condition and features an indoor pool, outdoor hot tub, breakfast room, fitness center, and meeting rooms. Additional space is available on the ground floor, along with on-site living quarters. The hotel benefits from a prime location in Beulah, Michigan, near Crystal Lake and Lake Michigan, attracting a significant portion of its business from wedding parties. The property includes 55 parking spaces and sits on a single building. With a 59.11% occupancy rate (as of 01/01/2023), this hotel presents a compelling opportunity for a savvy investor. The asking price is $5,995,000. This property has been pre-approved for an SBA 504b loan.