Hotels for Sale

Holiday Inn Resort West Bay Beach – Traverse City, MI

Address:
Traverse City, Michigan
Description:
  • Fee simple interest in the institutionally owned and third party managed 179-room West Bay Beach, a Holiday Inn Resort in Michigan
  • Trailing-twelve month +$110 RevPAR with considerable operational upside and opportunity for repositioning
  • Property sits on an irreplaceable 5.5 acre waterfront parcel in core downtown Traverse City, with 600-feet of frontage on Grand Traverse Bay
  • Excess waterfront development capability with zoning allowing for an additional four story development
  • Available unencumbered of the Holiday Inn flag, with the potential for Marriott, Hilton, or independent conversions
  • Property offers 5,800SF of meeting and banquet space, two F&B outlets, and additional lease income through boating services offered
  • Ownership has invested approximately $6MM ($34k/key) in recent years, including $650k of roof replacement in trailing-twelve months
  • Walking distance to Hagerty Conference Center, the Duncan L Clinch Marina, and all downtown Traverse City demand and nightlife
  • Ideally situated on East Grandview Parkway with upwards of 40,000 cars passing location daily
  • Easily accessible to all broader area demand including Old Mission Peninsula, Leelanau Peninsula, Cherry Capital Airport, and Sleeping Bear Dunes (recently voted ABC Good Morning America’s ‘Most Beautiful Place in America’)

Listing Agents

Bennett Webster
T: 312.339.3698
Email

Brent Clemens
T: 312.239.0572
Email

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