182 VAN BUREN ST W Battle Creek MI 49017-3005

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Baymont Battle Creek Downtown (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Hotel is offered at $4,875,000 or $81,250 per key.

Baymont Battle Creek Downtown is located at 182 Van Buren Street West in Battle Creek, Michigan just off Interstate 94. The 60-room, two-story Property was built in 1993 and is situated on a 1.38-acre lot. With roughly 33,300 square feet of interior space, the Hotel maintains an array of common area amenities including a fitness center, meeting room, breakfast area, business center, an indoor pool with a hot tub, and parking that accommodates buses and trucks.

The principal city of the Battle Creek, Michigan Metropolitan Statistical Area, Battle Creek is located at the confluence of the Kalamazoo River and Battle Creek River. Major industries in the area include health care, manufacturing, food production, and entertainment. Kellogg Company’s world corporate headquarters are located in Battle Creek and employ over 2,000 locals. Besides the multinational food manufacturing company, the city is home to other businesses such as Denso Manufacturing, Battle Creek VA Medical Center, Bronson Health Care Battle Creek, Fort Custer Training Center, II Stanley Company Inc, and Michigan Air National Guard. Among the many attractions in the area are Kingman Museum, Digistar Planetarium, Adventist Village, Full Blast Water Park, Binder Park Zoo, and FireKeepers Casino. With multiple higher education campuses such as Kellogg Community College, Robert B Miller College, Western Michigan University, Spring Arbor University, Davenport University, and Central Michigan University, the area is flooded with visitors each semester. Two airports service Battle Creek, the Battle Creek Executive Airport at Kellogg Field and Kalamazoo/Battle Creek International Airport are located 6 and 26 miles, respectively from the subject Property.

In 2021, the Hotel recorded room revenues of over $1.29 million, coupled with an ideal net operating income flow-through of 37.4 percent of total revenue, which equates to over $497 thousand. The limited-service Hotel is an ideal investment for an owner-operator who can continue maximizing returns through healthy cash flows and continual RevPAR growth.

• Two-Story, 60-Room, Limited-Service, Wyndham Hotels-Branded Hotel

• Priced at an Attractive 10.48 Percent Cap Rate on Estimated Net Operating Income Calculated from T-12 Revenues from Hotel Statistics and 2021 Expense Ratios

• Surrounded by Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities like Denso Manufacturing Michigan, Kellogg Company, FireKeepers Casino Hotel, Battle Creek VA Medical Center, and Michigan Air National Guard

• Over $1.29 Million of Room Revenue Through Year-End 2021

• Offered Fee Simple, Unencumbered by Management Contract and Debt