Comfort Inn Sault Sainte Marie

Highlights:

• 85 units, 2 stories
• Large lot size of 4 Acres
• Located in Opportunity Zone
• 2023 Room Revenue: $2,230,449
• August 2024 Trailing Twelve Month Revenue: $2,374,690
• Well priced at 3.36x of the Trailing Twelve Month Revenue
• $3.2B Soo Lock construction project underway until 2030

Description:

The Bowman Post Group is pleased to present the exclusive sale of the Comfort Inn located in Sault Sainte Marie, Michigan. This property is conveniently near major access routes, including Interstate 75, making it a convenient stopover for travelers exploring the region. With its rich history and diverse range of attractions, Sault Sainte Marie presents a blend of natural beauty and cultural significance that draws visitors year-round.

This city has a diverse and resilient economy that presents a compelling opportunity for hotel ownership. With its strategic location along the border of the United States and Canada, the city benefits from cross-border trade and tourism. The area's economy is supported by industries such as tourism, shipping, manufacturing, and education. The construction of the new Soo Lock is expected to be completed by 2030, and more than 1,000 jobs could be produced as a result. Investing in a hotel in Sault Sainte Marie presents the chance to tap into this dynamic economic landscape and offer hospitality services to a steady stream of both leisure and business travelers.

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