Property Listing No Longer Available for Sale

915 Spring Street, Petoskey, MI

Hotel for Sale - $2,400,000


Property Info

CIMLS#119927
Location
  915 Spring Street
  Petoskey MI 49770
UpdatedApril 11th, 2011
TypeHotel
Price$2,400,000

Property Description

The Apple Tree Inn located in Petoskey, MI offers the warmth and comfort of French country ambience with 40 beautiful rooms each with a private balcony with breathtaking views of Little Grand Traverse Bay. Heated indoor pool and hot tub, fitness room, and breakfast room off the lobby. Their is a very nice 2-3 bedroom living quarters on property. Casino nearby. For more information please visit www.appletreeinn.com or www.smithdeanburgett.com.


Financials

The 2009 year end room revenue will be approximately $775,000 down from 2008 revenue over $800,000. 2010 revenue back over $800,000.