5520 US 31 North, Traverse City, MI
Hotel for Sale - $2,700,000

Property Info
| CIMLS# | 119967 |
| Location 5520 US 31 North Traverse City MI 49496 | |
| Updated | July 8th, 2010 |
| Type | Hotel |
| Price | $2,700,000 |
Property Description
The Sleep Inn is a three-story, interior corridor, limited-service hotel, with 74 guestrooms. The hotel opened in March 2000 and is in excellent condition throughout. The facilities consists of a large well-appointed lobby w/fireplace, guest registration, breakfast area, swimming pool & spa, meeting rooms, fitness center, business center, commercial laundry, guest laundry, and vending. The guestroom mix features 49 queen/queen, 14 king, 7 one-room suites, 1 two-room suite, and 3 handicapped accessible rooms. Guestroom amenities include 19
Financials
2008 Room Revenue $922,398
2008 Total Revenue $1,038,956
2007 Room Revenue $993,176
2007 total Revenue $1,106,923
