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MBA Hotel Brokers Inc.

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410-489-5900
MBA Hotel Brokers Inc.

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  • About MBA
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410-489-5900

Prime Michigan State University Hotel Development Site

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Prime Michigan State University Hotel Development Site
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  • Michigan

Prime Michigan State University Hotel Development Site

For Sale

$2,495,000

  • new wyndham garden inn prototype
  • starbucksshippingcontainer06-3330162667
  • Google Map Site_cropped property lines
  • Map Space A and B
  • site image 2
  • Site image
  • new wyndham garden inn prototype
  • starbucksshippingcontainer06-3330162667
  • Google Map Site_cropped property lines
  • Map Space A and B
  • site image 2
  • Site image
Prime Michigan State University Hotel Development Site

Property ID :

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Area
4.21 Acres
# of Keys
88
Buildings
1
Corridors
Interior

Description

Minutes from Michigan State University, the new McLaren Greater Lansing Hospital Development, and located at the I-496 Exit Ramp

– Prime Lot Totaling 4.21 Acres

– Sited for an 88 Key Hotel (Space A) plus a separate freestanding Restaurant/Drive Thru (Space B)

– Excellent Freeway Access Off I-496.  Signage Potential and Visibility from I-496

– Minutes to Michigan State University, member of the “BIG 10 Conference” for all varsity sports and a major sporting event destination

– Minutes to the newly opened McLaren Greater Lansing Hospital Campus, a 240 bed state-of-the-art hospital

– About Michigan State University: MSU is a huge demand generator with a Student Population of 50,000 plus an Admin and Faculty population of 12,000. MSU has over 200 programs of study and is consistently one of the Top 3 programs in the country for Study Abroad programs.

– About Lansing: Lansing is the state capitol of Michigan and benefits as a government, business, and event destination. Downtown Lansing is home to the largest law school in the nation, the Thomas M. Cooley Law School, and the majority of students are from out of state.

– Hotel Demand: The Greater Lansing area reported an Occupancy Rate of 65% and an ADR of $103 in 2019 (pre-pandemic) and as recovery continues a stabilized hotel should enjoy those same statistics

– Eligible for SBA 504 Low-Rate Construction-to-Permanent Financing

– Cost to Build a Midscale Hotel such as a Best Western Plus, is estimated at $90,000 Per Key

Offered in cooperation with Alpine Realty Capital, LLC

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30 Years Fixed, 3.5% Interest
  • Principle and Interest

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Agent John Downes

Office:  (410)489-5900 x111

Mobile:  (410)746-5609

Email:  john@mbahotels.com

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MBA Hotel Brokers Inc.

/MBA Hotel Brokers Inc.

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3060 Rt. 97. Glenwood, MD.

410-489-5900

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