For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Causeway Bay Hotel & Convention Center at 6820 S Cedar Street in Lansing, Michigan is a 300-room, five-story full-service hotel on ±11.52 acres. Built in 1985 and renovated in 2012, the property includes roughly 26,000 SF of meeting space, an indoor pool, restaurant/bar, and business center. The asset sits directly off I-96, which carries 46,458 vehicles per day, providing access to Downtown Lansing, Michigan State University, GM's Lansing Grand River Assembly, McLaren Greater Lansing Hospital, Hope Sports Complex, and Capital Region International Airport. S-C, Suburban Commercial zoning adds redevelopment optionality, including potential conversion to multifamily or commercial use. The Year 1 pro forma projects $2.46 million in room revenue and $689,877 in NOI at 30% occupancy, presenting significant RevPAR growth and repositioning upside through improved management and reservation strategy.
Due Diligence
Location
The hotel sits directly off I-96 in Lansing, Michigan's state capital, within 6 miles of Downtown Lansing, Michigan State University, GM's Lansing Grand River Assembly, and McLaren Greater Lansing Hospital. Lansing anchors a 473,000-resident MSA positioned between Detroit and Grand Rapids, drawing steady demand from government, education, and healthcare employment.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
