104 W Houghton Lake Dr

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Address: 104 W Houghton Lake Dr, Prudenville, MI 48651, USA

Chicago & Midwest + Hospitality

Created date: May 24, 2024

Date last updated: December 2, 2024

Real Estate, Business, & Amenities Included in the Sale
The Resort was Built in 1889 & Renovated in 2014
Easily Accessible through M-55, US-127, & I-75
Beautiful Lake Frontage with Amazing Views of Private Houghton Lake
The Property is Made up of 17 Total Units w/ the Four Buildings, Comprised of Hotel Rooms, Cottages, Studios, & a Beach House
Sully’s on The Lake is One of the Best Restaurants on Houghton Lake with Lake Views & Family Style Dining.
Michigan North Central Area is a Large Submarket & Contains Around 15,000 Rooms Spread over 273 Properties. That adds up to about a Third of the Michigan North USA Market’s Hotel Inventory.
As of April, 12-Month Average RevPAR in the Michigan North Central Area Hotel Submarket was Climbing at an Annual Rate of 2%.

Property Description

A prime opportunity for hospitality and resort investors. The building boasts exceptional facilities and amenities, promising a seamless and rewarding investment experience. With a strategic location and strong tenant demand, this property is poised to deliver outstanding returns for savvy investors looking to capitalize on the vibrant hospitality and resort market in Prudenville.