For Sale
$7,980,000

4404 I 75 Business Spur Sault Ste. Marie, MI 49783

85-unit hotel, prime location, strong revenue.

Overview

Added:
Jan 28
Days on market:
91
This exceptional 85-unit Comfort Inn presents a compelling investment opportunity in Sault Ste. Marie, Michigan. Strategically located near Interstate 75, this two-story hotel enjoys convenient access for travelers exploring the region's natural beauty and cultural attractions. The property boasts a strong performance history, with 2023 room revenue reaching $2,230,449 and October 2024 trailing twelve-month (TTM) revenue at $2,386,552. This translates to an attractive price-to-revenue multiple of 3.3x TTM revenue. Sault Ste. Marie's diverse economy, fueled by tourism, shipping, manufacturing, and education, provides a stable foundation for consistent occupancy. Furthermore, the ongoing $3.2 billion Soo Lock construction project, expected to create over 1,000 jobs by 2030, promises further economic growth and increased tourism in the area. The hotel sits on a 4-acre lot and offers a total building size of 61,662 square feet. This well-positioned asset offers significant potential for continued growth and strong returns, making it an ideal addition to any hospitality portfolio. The property is priced at $7,980,000.

Highlights

  • 85-unit Comfort Inn in Sault Ste. Marie, MI.
  • Prime I-75 location, attracting travelers.
  • Strong revenue stream; 2024 TTM revenue exceeded $2.3M.

Property Details for 4404 I 75 Business Spur

Property type
Hotels, Hospitality properties
Square Feet
61,662 SF
Price / Square Foot
$129.42
Year Built
1987
Buildings
1
Stories
2
Elevators
N/A
Lot Size (sq. ft)
174,240 SF
Units
85

Location Insight

City
Sault Ste. Marie
County
State
Michigan

FAQs

What type of property is this?
Hotel - 85-unit hotel, prime location, strong revenue.
Where is the hotel located?
The property is located at 4404 I 75 Business Spur Sault Ste. Marie, MI.
What is the asking price?
The asking price for this property is $7,980,000.
What are key features of this property?
This property features: 85-unit Comfort Inn in Sault Ste. Marie, MI.; Prime I-75 location, attracting travelers.; Strong revenue stream; 2024 TTM revenue exceeded $2.3M.
How can I contact the broker?
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4404 I 75 Business Spur
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