|
|
|
Listed by Illinois and Midwest Leading Hotel Broker Members of Hotel Brokers International
|
Motel 6 for Sale
Midwest
Berrien County, in which Benton Harbor is located, has become one of Michigan's wealthiest and most populated counties. Located on Lake Michigan in the southwest corner of the state, and bisected by the St. Joseph River.
Today, Berrien is the heart of Michigan's 'fruit belt,' and its fruit production is awesome. The county leads all Michigan counties in the production of peaches, pears and grapes, is second in apples, plums and prunes, and a respectable fourth in tart cherries. |
|

|
Berrien is also the home of Michigan's wine production. Benton Harbor has long been the home of the world's largest outdoor retail fruit market, and every spring a half century old "blessing of the blossoms" ceremony begins a weeklong celebration, which is culminated by a parade viewed by crowds in excess of 250,000.
The second aspect of Berrien's trinity of growth is tourism. As with the fruit industry, Lake Michigan and the proximity to Chicago greatly aided the county's tourist trade.
|
Upton Machine Co., now known as the Whirlpool Corporation, has become a leading manufacturer of home appliances and one of the nation's largest corporations. About the time the Uptons moved to St. Joseph, a small Chicago tool company relocated in Buchanan.
Today Clark Equipment Company is internationally famous as a leader in the manufacture of a variety of items, particularly heavy-duty machinery. As with fruit and tourism, the list of industrial contributions is long and impressive. |

|
 |
The Motel 6 consists of 88 units, beautiful and spacious lobby area, outdoor pool, and guest laundry. |
The Motel 6 franchise will be cancelled upon sale and is not available to a qualified buyer. |
|
Financial Information |
| Asking Price |
$1,800,000 |
| Number of Units |
88 |
| Cost per Unit |
$20,455 |
| Capitalization Rate |
11.62% |
| Room Revenue Multiplier |
2.48 |
| Room Revenue per Room |
$8,244 |
| RevPAR |
$22.59 |
|
|
|
|
|
|
|
|
© Hotels for Sale and Motels for Sale Group -
International Hotel Brokers Network |
|