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Hotel-Motel

The Doherty Hotel & Conference Center

604 N McEwan St, Clare, MI 48617

Listing Price: $6,500,000

Cap Rate
9.21%
Number of Rooms
157
RevPAR
$28
Gross SF
212,399
Price/Room
$41,401
Price/Gross SF
$30.60
Year Built
1924

Investment Overview

Once home to a speakeasy during prohibition, this amenity-rich hotel includes 157-guest rooms, an Irish Pub, with banquet & conference facilities. Notable facility amenities include an indoor heated pool & jacuzzi and electric vehicle charging stations. Located in the heart of golf country and only 20 minutes from Soaring Eagle Casino, the property sits on 3.45 acres. There are exceptional revenues with major upside potential for new ownership to increase bottom line. The Doherty Hotel & Conference Center operates on a Seasonal Business Year starting on Oct. 1 and ending on Sept. 30.

Investment Highlights

  • Diverse Income Generators from Hotel-Guest Rooms, Restaurant & Bar, Banquet Facilities, and Convention Center; while also being a historical part of the Clare community.
  • Major renovations & capital expenditures in recent years bringing the Property up to date in both interior & exterior.
  • Conveniently a 20-minute drive from Soaring Eagle Casino, Central Michigan University, and Firefly Golf Links Course.

Exclusively Listed By

Hotel-Motel

The Doherty Hotel & Conference Center

Listing Price: $6,500,000

Cap Rate
9.21%
Number of Rooms
157
RevPAR
$28
Gross SF
212,399
Price/Room
$41,401
Price/Gross SF
$30.60
Year Built
1924

Investment Highlights

  • Diverse Income Generators from Hotel-Guest Rooms, Restaurant & Bar, Banquet Facilities, and Convention Center; while also being a historical part of the Clare community.
  • Major renovations & capital expenditures in recent years bringing the Property up to date in both interior & exterior.
  • Conveniently a 20-minute drive from Soaring Eagle Casino, Central Michigan University, and Firefly Golf Links Course.

Investment Overview

Once home to a speakeasy during prohibition, this amenity-rich hotel includes 157-guest rooms, an Irish Pub, with banquet & conference facilities. Notable facility amenities include an indoor heated pool & jacuzzi and electric vehicle charging stations. Located in the heart of golf country and only 20 minutes from Soaring Eagle Casino, the property sits on 3.45 acres. There are exceptional revenues with major upside potential for new ownership to increase bottom line. The Doherty Hotel & Conference Center operates on a Seasonal Business Year starting on Oct. 1 and ending on Sept. 30.

Exclusively Listed By

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