For Sale
$2,000,000

6285 Westside Saginaw Rd Bay City, MI 48706

71-Key Hotel, High ROI Potential

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 71-key Baymont by Wyndham hotel presents a compelling investment opportunity in Bay City, Michigan. Located at 6285 Westside Saginaw Rd, Bay County, MI 48706, this two-story property sits on a five-acre lot and boasts 94 parking spaces. Built in 1966 and extensively renovated in 2022/2023, the hotel offers a modern and updated experience for guests. The asking price is $2,000,000, representing a price per key of $28,169.01. With a projected 2024 revenue of $650,000 and a pro-forma NOI of $215,000, this property projects a strong 10.75% cap rate. The current occupancy is 42%, with the full impact of the Baymont conversion expected to be realized by December 31, 2024. Its convenient I-75 Highway location and owner-operator friendly setup make this a highly attractive proposition. The seller's local bank may offer financing options, or the seller may consider financing with a substantial down payment. This turnkey operation is ideal for an investor seeking strong returns and operational efficiency. The property's recent renovation ensures minimal capital expenditure needs in the near future, allowing for immediate cash flow generation. Detailed financial projections and further information are available upon request.

Highlights

  • Excellent I-75 Highway visibility.
  • Strong, positive revenue history.
  • Ideal owner-operator opportunity.
  • Seller financing options available with substantial down payment.

Property Details for 6285 Westside Saginaw Rd

Property type
Hospitality properties, Hotels
Year Built/Renovated
1966/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
217,800 SF

Location Insight

City
Bay City
County
Bay
State
Michigan
Latitude
43.5570826
Longitude
-83.9490423

FAQs

What type of property is this?
Hospitality property - 71-Key Hotel, High ROI Potential
Where is the hospitality property located?
The property is located at 6285 Westside Saginaw Rd Bay City, MI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Excellent I-75 Highway visibility.; Strong, positive revenue history.; Ideal owner-operator opportunity.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6285 Westside Saginaw Rd
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