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Hotel-Motel

Stefan's R & R Resort

4497 S U.S. 23, Greenbush, MI 48738

Listing Price: $1,800,000

Cap Rate
4.00%
Number of Rooms
24
RevPAR
$23
Gross SF
50,000
Price/Room
$75,000
Price/Gross SF
$36.00
Year Built
1950

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is honored to offer the Stefans R&R Resort for sale to qualified investors. This premier lakeside retreat, distinguished by its natural beauty and comprehensive amenities, is presented on a "call for offers" basis. Interested parties are encouraged to contact the listing agent for further details.

The Stefans R&R Resort is ideally located in Alcona County, nestled just seven miles north of Oscoda, Michigan, and easily accessible via the scenic US-23 Highway. This expansive property covers 4.37 acres, featuring 300 feet of pristine sandy beachfront along Lake Huron. The resort is renowned for being the largest in Greenbush, boasting a total of 24 units including two studio cabins, two one-bedroom cabins, eight two-bedroom cabins, four three-bedroom cabins, eight luxury beachfront suites, and a master home suitable for leasing or housing the new owner.

Greenbush is situated approximately 3.5 hours north of Detroit, making it an accessible escape into nature for those in the metropolitan area. This strategic location offers a plethora of on-site and nearby activities ranging from beach sports to snowmobiling, catering to guests’ diverse interests and making it a versatile

The resort's unique appeal is further enhanced by the rising trend of "Glamping," attracting a significant niche market seeking luxurious camping experiences. With its well-appointed accommodations, Stefans R&R Resort caters to this demand, providing an upscale outdoor vacation option. Furthermore, the region's development, including the Oscoda-Wurtsmith Airport's selection for a future aerospace launch facility, points to increased business and leisure travel potential, promising additional growth opportunities for the resort.

Investors have the chance to capitalize on Stefans R&R Resort’s established reputation, operational efficiencies, and the significant upside potential evidenced by its impressive NOI margins. Expanding the resort's online presence and extending operational seasons could unlock new revenue streams, making this an exceptional investment opportunity in Michigan's thriving hospitality market.

Investment Highlights

  • Diverse Accommodations: 16 Cabins, Eight Beachfront Suites, Catering to Varied Guests.
  • Strong Financials: Anticipated 2024 Revenue $200 Thousand, with Steady NOI.
  • Prime Location: Near Aerospace Development, Family-Oriented Tourism, Ensuring Market Growth.

Exclusively Listed By

Hotel-Motel

Stefan's R & R Resort

Listing Price: $1,800,000

Cap Rate
4.00%
Number of Rooms
24
RevPAR
$23
Gross SF
50,000
Price/Room
$75,000
Price/Gross SF
$36.00
Year Built
1950

Investment Highlights

  • Diverse Accommodations: 16 Cabins, Eight Beachfront Suites, Catering to Varied Guests.
  • Strong Financials: Anticipated 2024 Revenue $200 Thousand, with Steady NOI.
  • Prime Location: Near Aerospace Development, Family-Oriented Tourism, Ensuring Market Growth.

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is honored to offer the Stefans R&R Resort for sale to qualified investors. This premier lakeside retreat, distinguished by its natural beauty and comprehensive amenities, is presented on a "call for offers" basis. Interested parties are encouraged to contact the listing agent for further details. The Stefans R&R Resort is ideally located in Alcona County, nestled just seven miles north of Oscoda, Michigan, and easily accessible via the scenic US-23 Highway. This expansive property covers 4.37 acres, featuring 300 feet of pristine sandy beachfront along Lake Huron. The resort is renowned for being the largest in Greenbush, boasting a total of 24 units including two studio cabins, two one-bedroom cabins, eight two-bedroom cabins, four three-bedroom cabins, eight luxury beachfront suites, and a master home suitable for leasing or housing the new owner. Greenbush is situated approximately 3.5 hours north of Detroit, making it an accessible escape into nature for those in the metropolitan area. This strategic location offers a plethora of on-site and nearby activities ranging from beach sports to snowmobiling, catering to guests’ diverse interests and making it a versatile The resort's unique appeal is further enhanced by the rising trend of "Glamping," attracting a significant niche market seeking luxurious camping experiences. With its well-appointed accommodations, Stefans R&R Resort caters to this demand, providing an upscale outdoor vacation option. Furthermore, the region's development, including the Oscoda-Wurtsmith Airport's selection for a future aerospace launch facility, points to increased business and leisure travel potential, promising additional growth opportunities for the resort. Investors have the chance to capitalize on Stefans R&R Resort’s established reputation, operational efficiencies, and the significant upside potential evidenced by its impressive NOI margins. Expanding the resort's online presence and extending operational seasons could unlock new revenue streams, making this an exceptional investment opportunity in Michigan's thriving hospitality market.

Exclusively Listed By

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