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Blue Water Hotel Advisors, LLC

Our Recent Sales

77-Room Econolodge
St. Ignace, Michigan
Sale Price: $975,000
Lender: First National Bank

Indicators
$12,662 Per Room
3.42 Room Revenue Multiplie
129-Room Quality Inn
Muskegon, Michigan
Sale Price: $1,300,000
Lender: Cash

Indicators
$10,078 Per Room
1.73 Room Revenue Multiplier
20-Room Economy Inn
Cadillac, Michigan
Sale Price: $435,000
Lender: Chemical Bank

Indicators
$21,750 Per Room
3.13 Room Revenue Multiplier
10.78% Cap Rate
156-Room Clarion Hotel
Kalamazoo, Michigan
Sale Price: $3,250,000
Lender: Confidential

Indicators
$10,078 Per Room
1.73 Room Revenue Multiplier
64-Room Holiday Inn Express
Kalamazoo, Michigan
Sale Price: $4,500,000
Lender: Confidential

Indicators
$64,023 Per Room
2.93 Room Revenue Multiplier
10.42% Cap Rate
2 Parcels of Commercial Land
Site A: 2.01 Acres ($300,000)
Site B: 1.38 Acres ($200,000)
Kalamazoo, Michigan
Sale Price: $500,000

Indicators
3.39 Per Sq. Ft.
57-Room Holiday Inn Express
Kendallville, Indiana
Sale Price: $2,350,000
Lender:  Sturgis Bank & Trust

Indicators
$41,228 Per Room
2.97 Room Revenue Multiplier
5.6% Cap Rate
45-Room Motel 6
Traverse City, Michigan
Sale Price: $1,800,000
Lender: Republic Bank & SBA

Indicators
$40,000 Per Room
3.55 Room Revenue Multiplier
13.18% Cap Rate
63-Room Amerihost Motel
Monroe, Michigan
Sale Price: $1,875,000
Lender: PMC Commercial Trust

Indicators
$29,762 Per Room
3.3 Room Revenue Multiplie