Location
The @ Michigan Inn & Lodge is conveniently located on US Highway 131 just south of the US Highway 31 intersection, reported as the most heavily traveled in the area. The city of Petoskey is the county seat of Emmet County and generally considered to be the county’s center of government, commerce and employment. The immediate area is improved with other lodging facilities, food establishments, retail, offices, the Odawa Casino, as well as residential neighborhoods.
Facilities
The @ Michigan Inn & Lodge is situated on two adjacent and contiguous tax parcels that combine to provide 3.61 acres serviced by 374 feet of road frontage upon US 131 to the east. The site has secondary frontage on Anderson Road to the west. There are 2 two-story, exterior-corridor, detached buildings. The north building features 55 guest rooms and the south building contains 77 guest rooms. There are 77 carport style parking spaces, as well as additional lined parking spaces. Hotel amenities include the hotel office/lobby/registration area, all you can eat cafeteria style food Café, Hair Salon, and Wi-Fi. Guestroom amenities include Reverie Adjustable Massaging Beds, wall-mounted-LCD television w/cable and Blu-ray player, refrigerator, microwave, safe, coffee maker, hairdryer, clock radio and iron/board.
Comments
Priced at 2 times room revenue. Land Contract Terms Available To Qualified Buyer. The @ Michigan Inn & Lodge offers the rare opportunity to purchase a high-revenue producing hotel in one of Michigan’s most popular cities and year around tourist destinations. The hotel offers future upside potential through franchise affiliation with a national brand.
Attractions
Petoskey is a coastal resort community on Little Traverse Bay. Fishing in Little Traverse Bay and area rivers and lakes yields bass, blue gill, lake and rainbow trout, perch, salmon and walleye. Rock hounds crowd Petoskey State Park and Magnus Park in spring, sorting through winter’s debris for Petoskey stones. Favorite tourist attractions and demand generators include the Odawa Casino, Petoskey State Park, Historic Gaslight District, Bear River Valley Recreation Area, Bayfront Park, Great Lakes Center for the Arts, Crooked Tree Arts Center and the Little Traverse Wheelway, to name a few. The area boasts many golf courses and winter ski resorts. Pellston Regional Airport is about 30 minutes from Petoskey.