4848 Towne Ctr Rd Saginaw, MI 48604

This exceptional 61-key Super 8 hotel in Saginaw, Michigan, presents a lucrative investment opportunity. Boasting a 12% capitalization rate and a current NOI of $240,000, this property offers significant potential for increased profitability. Located at 4848 Towne Centre Rd, Saginaw, MI 48604, this two-story hotel benefits from a prime location at a high-traffic exit in Saginaw, near numerous demand generators. Built in the 1980s and renovated in 2017, the property includes 68 parking spaces and sits on a lot that includes extra land, adding further value. The hotel currently has a 43% occupancy rate as of December 31, 2023, with positive revenue trends indicating further growth after recent renovations. The asking price is $2,000,000. This is a rare chance to acquire a well-situated hotel with strong potential for return on investment in a growing market. The single building property offers a solid foundation for continued success and future expansion. Ample parking ensures guest convenience. This is a turnkey operation ready for a new owner to capitalize on its existing strengths and further enhance its market position.