Hospitality Business for Sale in Lansing, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Lansing, MI 48911
  • Year built: 1985

Description

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

Market Context

This hospitality in Lansing, MI is listed for sale. It is offered at an approximate 13.9% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1985. It has been on the market for 67 days. Compare it against other hospitality listings for sale in Lansing, MI — <a href="/search/sale/hospitality/michigan/lansing">view the full market</a>.

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