Hampton Inn Traverse City

Highlights:

• Tourism Magnet: Situated on the shores of Lake Michigan, Traverse City is a highly sought-after destination in the Midwest. Receiving over three million visitors per year, it is renowned for its vibrant winery and brewery industry, local skiing, and unmatched scenery.
• National Cherry Festival: Beginning in 1925, the National Cherry Festival draws more than 500,000 visitors to Traverse City for a week-long celebration in July each year. The Grand Traverse region produces an impressive 360 million pounds of cherries annually.
• Recently Renovated, Institutionally Maintained Asset: The Hampton Inn is an extremely high-quality asset, extensively renovated in 2020, completely transforming the asset.
• Staunch RevPAR Gains: Exhibiting a $100+ RevPAR, the Hotel has continued an upward trajectory, growing more than 22% since Year End 2019. Year-to-date through March, RevPAR is up another 28%+, showcasing the Hampton Inn’s and Traverse City’s staying power.
• Robust Medical Presence: Traverse City’s medical presence operates as the primary provider of the entire region, serving many nearby counties that don’t have the capacity for the world-class healthcare Traverse City offers.

Description:

RI Marketplace Online Auction June 9-11, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2497/hampton-inn-traverse-city?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=hospitality_2497

Hodges Ward Elliott, in conjunction with RealInsight Marketplace, is pleased to offer the opportunity to acquire the 120-room Hampton Inn Traverse City (“Property” or “Hotel”). The Hotel is situated in highly sought-after Traverse City, MI, renowned for its vibrant scenery, winery and brewery industries, and its National Cherry Festival. The city attracts over three million visitors each year and has a robust medical presence that serves the entire region. The Property underwent an extensive renovation in 2020 and is being offered fee-simple and unencumbered by management. This offering represents the opportunity to own an institutional-quality, select-service hotel in one of the Midwest’s most desirable places to visit.

Jerry Helmer
c/o Fisher Auction Company Inc.
License: 6504064915

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