Holiday Inn Battle Creek, MI – Note Sale

Listing Agents

Mike Schlictman
T | 803.920.4173

Andrew Makhlouf
T | 312.610.9067

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