915 Spring Street, Petoskey, MI
Hotel for Sale - $2,400,000
Property Info
| CIMLS# | 119927 |
| Location 915 Spring Street Petoskey MI 49770 | |
| Updated | April 11th, 2011 |
| Type | Hotel |
| 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.