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Hotel-Motel

Causeway Hotel & Conference Center

6820 S Cedar St, Lansing, MI 48911

Listing Price: $6,750,000

Cap Rate
9.22%
Number of Rooms
300
RevPAR
$23
Gross SF
206,807
Price/Room
$22,500
Price/Gross SF
$32.64
Year Built
1985

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 300-room hotel located in Lansing, Michigan. The hotel is a five-story property built in 1985 and located directly off Interstate 96. Causeway Bay Lansing Hotel & Convention Center provides the opportunity for a new owner to acquire a full-service hotel with potential to realize significant RevPAR growth through hands-on management, reservation system, and loyal base of guests.

Investment Highlights

  • Multi-Family or Commercial Conversion Opportunity
  • Zoned for Suburban Commercial (S-C)
  • Proximate to Michigan State University, Hope Sports Complex, GM Lansing Grand River Assembly, McLaren Greater Lansing Hospital, Capital Region International Airport and More

Exclusively Listed By

  • Scott J. Havericak

    First Vice President Investments

    (954) 245-3527

    Email Scott

    License(s): FL: SL3281416

    Fort Lauderdale

  • Robert S. Hunter

    Senior Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Hotel-Motel

Causeway Hotel & Conference Center

Listing Price: $6,750,000

Cap Rate
9.22%
Number of Rooms
300
RevPAR
$23
Gross SF
206,807
Price/Room
$22,500
Price/Gross SF
$32.64
Year Built
1985

Investment Highlights

  • Multi-Family or Commercial Conversion Opportunity
  • Zoned for Suburban Commercial (S-C)
  • Proximate to Michigan State University, Hope Sports Complex, GM Lansing Grand River Assembly, McLaren Greater Lansing Hospital, Capital Region International Airport and More

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 300-room hotel located in Lansing, Michigan. The hotel is a five-story property built in 1985 and located directly off Interstate 96. Causeway Bay Lansing Hotel & Convention Center provides the opportunity for a new owner to acquire a full-service hotel with potential to realize significant RevPAR growth through hands-on management, reservation system, and loyal base of guests.

Exclusively Listed By

  • Scott J. Havericak

    First Vice President Investments

    (954) 245-3527

    Email Scott

    License(s): FL: SL3281416

    Fort Lauderdale

  • Robert S. Hunter

    Senior Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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