Days Inn - Whitehall

Hospitality for Sale
Catylist Listing ID: 30023093
Property Subtypes: Hotel
Number of Units: 64 Units
Building Size (RSF): 37,368 SF
Gross Building Area: See Agent
Gross Land Area: 4.19 Acres
Sale Price: $2,700,000
Unit Price: $42,187.50 Per Unit
Ceiling: 9 ft.
Property Use Type: Investment
Building Name: Days Inn - Whitehall
Name of Establishment: Days Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2017

Overview / Comments

This well maintained, 64 room hotel is situated on 4.19 acres. Hotel has a restaurant/bar that holds up to 50 people, and also has 2 banquet rooms. Amenities include a breakfast room, laundry room, gym, and an outdoor pool. Liquor license is included. New Walmart next to hotel opening spring 2017. Located on US 31, approximately 5 miles from Michigan's Adventure Amusement Park.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $57,593 (Annual)
Tax Value Improvements $854,500
Assessed Value - Total($) $854,500 (Annual)

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: Whitehall
Tax ID/APN: 6103026100001400
Zoning: MI LIMI
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Excellent
Largest Nearby Street: US-31
Feet of Frontage: 594
Highway Access: US-31
Nearby Attractions: Michigan's Adventure Amusement Park - 3 miles
Total Number of Buildings: 2
Number of Stories: 3
Property Condition: Good
Year Built: 1991
Construction/Siding: Block
Water Recreation: Outdoor Pool
Parking Type: Surface
Parking Description: Parking Lot
Passenger Elevators: 1
Heat Type: Natural Gas
Heat Source: Wall Units
Air Conditioning: Window Unit
Internet Access: Cable
Lot Frontage: 594'
Lot Depth: Irreg
Water Service: Municipal
Sewer Type: Municipal
Legal Description: On file in listing office.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,018 7,836 15,312
Median Age: 39.9 38.96 41.84
Households: 482 3,060 6,016
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