Property Listing No Longer Available for Sale

4270 N. US 23, Oscoda, MI

Hotel for Sale - $1,200,000


Property Info

CIMLS#119971
Location
  4270 N. US 23
  Oscoda MI 48750
UpdatedDecember 30th, 2009
TypeHotel
Price$1,200,000

Property Description

This hotel is a former Super 8 Motel franchise and may benefit from re-affiliating with a franchise. The hotel has a beautiful beach right on Lake Huron and US-23 highway frontage just south of the AuSable River. Absentee owned and fully managed and operated with employees leaves a tremendous opportunity for a hands on owner/operator to aggressively market the hotel and drive revenues as well as streamline expenses. A large variety of room types to accommodate business travelers, construction workers, extended stay business, sporting, and leisure guests, as well as families.


Financials

2008 Room Revenue $394,235

2008 Total Revenue $402,722

2007 Room Revenue $411,257

2007 Total Revenue $412,824