Prime Michigan State University Hotel Development Site

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

– Price Just Reduced to $1,750,000!

– 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