6285 Westside Saginaw Rd, Bay City, MI 48706-9385

This exceptional 71-key Baymont by Wyndham hotel presents a compelling investment opportunity in Bay City, Michigan. Located at 6285 Westside Saginaw Rd, Bay County, MI 48706, this two-story property sits on a five-acre lot and boasts 94 parking spaces. Built in 1966 and extensively renovated in 2022/2023, the hotel offers a modern and updated experience for guests. The asking price is $2,000,000, representing a price per key of $28,169.01. With a projected 2024 revenue of $650,000 and a pro-forma NOI of $215,000, this property projects a strong 10.75% cap rate. The current occupancy is 42%, with the full impact of the Baymont conversion expected to be realized by December 31, 2024. Its convenient I-75 Highway location and owner-operator friendly setup make this a highly attractive proposition. The seller's local bank may offer financing options, or the seller may consider financing with a substantial down payment. This turnkey operation is ideal for an investor seeking strong returns and operational efficiency. The property's recent renovation ensures minimal capital expenditure needs in the near future, allowing for immediate cash flow generation. Detailed financial projections and further information are available upon request.