Listing Agents
Eric Skipworth
312.248.4109
[email protected]
Brent Clemens
T | 312.402.2959
[email protected]
Detailed Information
Location
Property Highlights
- Fee-simple interest in the ~4.4-acre Residence Inn development site in Petoskey, MI for qualifying franchisees and developers
- Developer has secured transferable Site Plan Approval from city of Petoskey, MI
- The parcel is zoned R-2 with an approved special use permit for a hotel
- Rare opportunity to acquire land in Petoskey already entitled and approved for the development of a 128 key Residence Inn by Marriott
- Residence Inn by Marriott is a leader in the extended-stay lodging segment with over 850 Residence Inn hotels across the world
LOCATION SUMMARY
- Less than 1 mile to the 300,000 SF $140MM Odawa Casino Resort encompassing upwards of 20,000 SF of event space and 50,000 SF of gaming space
- Easily accessible to Downtown Petoskey including Petoskey City Marina, Bayfront Park, and the historic Gaslight District, encompassing over 170 shopping and dining outlets
- Readily accessible to a variety of outdoor recreational activities making Petoskey a year-round leisure travel destination such as Little Traverse Wheelway, Bear River Valley Recreation Area, and a combined total of over 200 holes of golf
- Emmett County is home to 35 miles of scenic Lake Michigan shoreline and hosts more than 30 parks and recreational areas, most notably Petoskey State Park encompassing over 300 acres