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Hotel-Motel

Ramada Grayling Hotel & Conference Center

2650 I-75BL, Grayling, MI 49738

Listing Price: $8,995,000

Cap Rate
15.26%
Number of Rooms
151
RevPAR
$49
Price/Room
$59,570
Year Built
1978

Investment Overview

High-Quality Asset in Exceptional Condition: The Ramada Grayling Hotel & Conference Center is a two-story midscale Wyndham Hotels & Resorts-branded Hotel featuring 151 spacious guest rooms. It is well-equipped with several amenities including an indoor pool, an indoor Whirlpool, an indoor children’s pool, an indoor jungle gym, a game room, a ?tness center, a business center, bar and restaurant, guest laundry services, convince store, and trailer/RV parking. In addition, there is a 6,000 square-foot banquet hall with seating capacity for 375, as well as three meeting rooms. Prime Location with Easy Access to Market Demand Generators: Graying is a charming town located in northern Michigan and offers a variety of activities for visitors to enjoy including world-class trout ?shing, snowmobile and cross-country ski trails, hunting, and breathtaking state parks to explore. The Property is positioned off Interstate 75, offering excelled visibility and accessibility to major demand generators in the vicinity. Located less than two miles away is the Grayling Golf Club and River’s Edge Bar & Restaurant that can be rented out for special events. The AuSable River winds through Grayling and is a popular spot for ?shing and canoeing and brings in over 10,000 spectators for the annual AuSable River Canoe Marathon. Camp Grayling is located less than six miles from the Hotel and is the largest National Guard training facility in the US. Other notable demand generators in the area include the Grayling Fish Hatchery, Hartwick Pines State Park, Lake Margarethe, AuSable Artisan Village Art Gallery, and the W.J. Beal Tree Plantation. Signi?cant Top-Line Revenue: The Property boasts strong revenues above $2.90 million in 2022, while maintaining an NOI of over $1.37 million, or 47.3 percent of gross revenues after a four percent capital replacement reserve and three percent management fee. The Property is expected to continue to experience strong year-over-year hotel revenues. Strong Global Brand Recognition: The Hotel maintains brand af?liation with Wyndham Hotels & Resorts, one of the largest hotel franchisors in the world. Wyndham Hotels & Resorts’ portfolio consists of 24 iconic brands in 95 countries and over 9,000 hotels. Fee-Simple Offering: The Property is offered fee simple and unencumbered by any management contracts or existing debt.

Investment Highlights

  • High-Quality Asset in Exceptional Condition: The Ramada Grayling Hotel & Conference Center is a two-story midscale Wyndham Hotels & Resorts-branded Hotel featuring 151 spacious guest rooms.
  • Prime Location with Easy Access to Market Demand Generators: Graying is a charming town located in northern Michigan and offers a variety of activities for visitors to enjoy.
  • Signi?cant Top-Line Revenue: The Property boasts strong revenues above $2.90 million in 2022, while maintaining an NOI of over $1.37 million, or 47.3 percent of gross revenues.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Hotel-Motel

Ramada Grayling Hotel & Conference Center

Listing Price: $8,995,000

Cap Rate
15.26%
Number of Rooms
151
RevPAR
$49
Price/Room
$59,570
Year Built
1978

Investment Highlights

  • High-Quality Asset in Exceptional Condition: The Ramada Grayling Hotel & Conference Center is a two-story midscale Wyndham Hotels & Resorts-branded Hotel featuring 151 spacious guest rooms.
  • Prime Location with Easy Access to Market Demand Generators: Graying is a charming town located in northern Michigan and offers a variety of activities for visitors to enjoy.
  • Signi?cant Top-Line Revenue: The Property boasts strong revenues above $2.90 million in 2022, while maintaining an NOI of over $1.37 million, or 47.3 percent of gross revenues.

Investment Overview

High-Quality Asset in Exceptional Condition: The Ramada Grayling Hotel & Conference Center is a two-story midscale Wyndham Hotels & Resorts-branded Hotel featuring 151 spacious guest rooms. It is well-equipped with several amenities including an indoor pool, an indoor Whirlpool, an indoor children’s pool, an indoor jungle gym, a game room, a ?tness center, a business center, bar and restaurant, guest laundry services, convince store, and trailer/RV parking. In addition, there is a 6,000 square-foot banquet hall with seating capacity for 375, as well as three meeting rooms. Prime Location with Easy Access to Market Demand Generators: Graying is a charming town located in northern Michigan and offers a variety of activities for visitors to enjoy including world-class trout ?shing, snowmobile and cross-country ski trails, hunting, and breathtaking state parks to explore. The Property is positioned off Interstate 75, offering excelled visibility and accessibility to major demand generators in the vicinity. Located less than two miles away is the Grayling Golf Club and River’s Edge Bar & Restaurant that can be rented out for special events. The AuSable River winds through Grayling and is a popular spot for ?shing and canoeing and brings in over 10,000 spectators for the annual AuSable River Canoe Marathon. Camp Grayling is located less than six miles from the Hotel and is the largest National Guard training facility in the US. Other notable demand generators in the area include the Grayling Fish Hatchery, Hartwick Pines State Park, Lake Margarethe, AuSable Artisan Village Art Gallery, and the W.J. Beal Tree Plantation. Signi?cant Top-Line Revenue: The Property boasts strong revenues above $2.90 million in 2022, while maintaining an NOI of over $1.37 million, or 47.3 percent of gross revenues after a four percent capital replacement reserve and three percent management fee. The Property is expected to continue to experience strong year-over-year hotel revenues. Strong Global Brand Recognition: The Hotel maintains brand af?liation with Wyndham Hotels & Resorts, one of the largest hotel franchisors in the world. Wyndham Hotels & Resorts’ portfolio consists of 24 iconic brands in 95 countries and over 9,000 hotels. Fee-Simple Offering: The Property is offered fee simple and unencumbered by any management contracts or existing debt.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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