Holiday Inn Battle Creek, MI – Note Sale

Listing Agents

Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com

Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com

Detailed Information
Property Highlights
  • $7.75MM non-performing loan (NPL) collateralized by the fee simple interested in the 120-room Holiday Inn Battle Creek, MI
  • The note was originated March 6th, 2019 with a ten-year term, 30-year amortization, and a 5.85% interest rate
  • Approximate balance of $7.5MM as of October 6th, 2021
  • Loan was transferred to special servicing June 8th, 2020
  • Property is ideally located proximate to Interstate-94, with upwards of 60,000 vehicles passing the location daily
  • The hotel is well positioned within the greater Battle Creek sub-market and proximate to all local demand including Dark Horse Brewing Company, FireKeepers Casino, Kellogg Company World Headquarters, Battle Creek VA Medical Center, Michigan Air National Guard, and Denso Manufacturing
Location