HIE Bad Axe Brochure

Holiday Inn Express, Bad Axe, MI

Price: $5,200,000

Location Property Details • Property Address: 55 Rapson Lane • 67 units • In the heart of Michigan’s “thumb region” • Built as a Holiday Inn Express in 2001 • One mile to downtown Bad Axe • Brick and Stucco exterior walls • 20 minutes to Lake Huron beaches • Two-story, interior corridors • Restaurants nearby • 19 two-room suites • New brand re-launch signage coming

Site Tax Identiﬁcation • Approximately 2.74 acres • Parcel ID# 51-830-002-70 (City of Bad Axe) • Additional vacant parcel available • Lighted asphalt parking lot • All utilities on site

Blue Water Hotel Advisors, LLC 5112 S. Colonial Drive, Traverse City, MI 49685 Tel: 231.218.0316 • Fax: 248.564.5371 Email: [email protected] Website: www.bwhadvisors.com Holiday Inn Express, Bad Axe, MI

Hotel Information - Overview

The Holiday Inn Express offers a new owner the opportunity to own the premier lodging estab- lishment in Michigan’s “thumb region”. The hotel has been well maintained by the original owner however PIP improvements will be required in order to maintain the current ﬂag.

From the large well-appointed lobby to the inviting breakfast room, and comfortable guest rooms, the hotel offers guests an excellent lodging experience second to none. The hotel features 19 two-room guest suites, six in-room jacuzzi suites, and a complement of king and queen accom- modations. Common area amenities include a large indoor swimming pool and whirlpool spa, ﬁt- ness center, business center, two meeting rooms, guest laundry, and a private outdoor patio with grills.

The 67-unit hotel was constructed in 2001 by the current owner who saw a need for quality lodging in this region of the thumb. Guests are never more than a short drive from the shores of Lake Huron and metro Detroit is approx. 2 hours south. Holiday Inn Express, Bad Axe, MI

Area Map

From Detroit metro area, follow I-75 north to I-69 in Flint, go east on I-69 to M-53 at Imlay City, go north on M-53 from Imlay City approx. 45 minutes to Bad Axe. In Bad Axe turn left onto Business 50 at the light downtown. Follow M-53 to Rapson Lane, turn left at the signal light (Dairy Queen is on the corner), the hotel is on the left side of the road.

From the Grand Rapids area, follow I-96 east to Lansing, switch over to I-69 in Lansing to Flint, follow I-69 eastbound towards Flint, stay on I-69 to Imlay City (M-53), follow M-53 north into Bad Axe. Turn left at the downtown trafﬁc light (M-53), follow to Rapson Lane and turn left at trafﬁc signal (Dairy Queen is on corner). Hotel is on the left. Holiday Inn Express, Bad Axe, MI

Photographs

The information contained herein and contained in any supplemental information has been furnished by the seller or seller's representatives. The submitting broker is not responsible for misstatements of facts, errors, omissions, or withdrawal of the property from the market without notice. Prospective buyers are urged to perform their own due diligence. The property is being sold "as-is, where-is". Holiday Inn Express, Bad Axe, MI

2018 Financial Summary

Occupancy ADR Room Revenue

January 72.26 98.30 143,833 February 80.44 103.34 151,324 March 72.90 93.86 137,797 April 85.79 97.47 163,049 May 89.54 107.11 192,922 June 90.36 112.94 198,901 July 92.95 119.89 216,956 August 91.22 119.50 212,053 September 82.46 110.70 178,012 October 76.67 104.61 163,528 November 69.90 104.54 145,215 December 58.71 99.45 117,648 TOTAL 80.27 106.14 2,021,240

2017: 76.34 106.64 1,931,402 2016: 79.38 99.69 1,877,422

BAD AXE AND HURON COUNTY

If you love the comfort of small town living, but also like "big town" convenience, then Bad Axe is just the place for you! With just under 4,000 residents, Bad Axe is a quaint community surrounded by farmland and woods. The area offers a nice variety of restaurants, retail stores, ﬂorists, photographers, parks, churches, hair salons, hotels, etc. ... and more services and retailers are coming to the area all the time!

Bad Axe is located approx. 20-30 minutes from Lake Huron and offers many recreational activities for residents and visitors alike. Boating, fishing, hunting, camping, and golfing are just a few of the fun things to do in Michigan's Thumb. Please visit our Calendar page and area links to find more activities and events of interest. www.badaxemichigan.com

Huron County

Huron County is located at the northern tip of Michigan's thumb. It is rural and primarily agricultural, with approximately 82% of the land devoted to agriculture. The county ranks as the state's top producer of both dry beans and corn and is second highest in the production of sugar beets and dairy products. Other farm products include cattle, poultry, hogs, hay, wheat, oats, and bar- ley. The county manufactures metal, plastic, and glass products. The coastal towns of Sebewaing, Caseville, Port Austin, Harbor Beach, and Port Hope offer resort facilities. The coastal area also has many cottages. Wildfowl Bay Wildlife Area, Sleeper and Port Crescent State Parks, and Gagetown and Rush Lake State Game Areas offer a variety of recreational opportunities. High- way M-25 loops the county along Lake Huron. M-19 originates at M-142 and runs south. M-53 provides north-south access while M-142 provides east-west access.

The Thumb is a region and a peninsula of Michigan, so named because the Lower Peninsula is shaped like a mitten, and the Thumb is the area that looks like the thumb of the mitten.

The counties which constitute the Thumb area are those forming the extended peninsula that stretches into Lake Huron to the north and east and into Saginaw Bay to the west. There is no formal declaration for which of these counties are part of Michigan's Thumb. However, virtually all common deﬁnitions include the tri-counties of Huron County, Tuscola County, and Sanilac County. The deﬁnition is sometimes extended to include Lapeer County and St. Clair County as well. The fact that Lapeer and St. Clair counties are included in the Detroit Metropolitan Area also leads many people to exclude them from the Thumb region.

Michigan's Thumb region is very flat with lush, fertile farmland, the reason for its historical role as a chiefly agricultural area. Major agricultural products are sugar beets, grains, beans, corn, fruits, and fish from Saginaw Bay and Lake Huron. The lush grass supports vast dairy herds and livestock. At the Lake Huron Shoreline, farming fields are separated from sandy beaches by Holiday Inn Express, Bad Axe, MI

deep, cool, forests. We have the loveliest countryside and lakeshore imaginable - all for your en- joyment.

The Thumb Area is a travel destination rich in natural scenic beauty, strong cultural heritage, and plenty of all-season activities. With more than 150 miles of shoreline, 2,100 miles of rivers and streams, 51,000 acres of public recreation land, 49,000 acres of state game/wildlife areas and plenty of hometown festivals and events, there’s something to do and see for everyone. Towns, such as Sebewaing, Bay Port, Caseville, Port Austin, Port Hope, Harbor Beach, Lexington, and Port Sanilac enjoy seasonal tourism, due to their locations on Lake Huron or Saginaw Bay. The Thumb lies within the east-central tourism region of the state.

Michigan's Thumb is a short drive from most metropolitan areas in southeast Michigan, includ- ing Detroit, Flint, Saginaw, Lansing, and Port Huron. In fact, most Thumb Area attractions can be enjoyed on one tank of gas! Holiday Inn Express, Bad Axe, MI

For further details please contact:

Vince Chiaravalli

Blue Water Hotel Advisors

(231)218.0316

Email: [email protected]

Showings by appointment only, please do not go to the property without an appointment.

Complete ﬁnancial disclosure, STR and PIP documents are available upon request and with a signed Conﬁdentiality Agreement.