Property Listing No Longer Available for Sale

1408 S. Outer Drive, Saginaw, MI

Hotel for Sale - $2,850,000


Property Info

CIMLS#119951
Location
  1408 S. Outer Drive
  Saginaw MI 48601
UpdatedJuly 8th, 2010
TypeHotel
Price$2,850,000

Property Description

The Americas Best Value Inn is a full-service hotel. The hotel features 158 guest rooms in a four-story concrete structure, an attached one-story commercial building with a guest registration lobby, a full-service restaurant (closed), lounge (open), meeting/banquet facilities and hair salon. The hotel was built in 1971 and in 1985, the area between the east room wing and the commercial building was enclosed to house the swimming pool, sauna, whirlpool, exercise equipment, guest laundry area, locker room, and game/vending area. Near the pool area are the hair salon, meeting/banquet rooms and a racquetball court on the second floor above the vending area. Please visit www.smithdeanburgett.com for more information. Seller will consider long term lease.


Financials

2008 Room Revenue $930,053

2008 Total Revenue $1,030,852

2007 Room Revenue $1,126,694

2007 Total Revenue $1,273,941