Property Listing No Longer Available for Sale

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
UpdatedJuly 8th, 2010
TypeHotel
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