Auction - Causeway Bay Hotel | 300 Rooms | Lansing MI — Sale in Lansing, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Lansing, MI 48911
  • Year built: 1985

Photos

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Investment Figures

Cap rate
13.94%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3378/hospitality/lansing/mi Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Causeway Bay Hotel & Convention Center at 6820 S Cedar Street in Lansing, Michigan is a 300-room, five-story full-service hotel on ±11.52 acres. Built in 1985 and renovated in 2012, the Property includes ±26,000 SF of meeting space, an indoor pool, restaurant/bar, business center, and meeting facilities. Located directly off I-96 with traffic counts of 46,458 vehicles per day, the asset offers convenient access to Downtown Lansing, Michigan State University, GM Lansing Grand River Assembly, McLaren Greater Lansing Hospital, Hope Sports Complex, and Capital Region International Airport. The Opportunity exists for significant RevPAR growth through hands-on management and an improved reservation strategy, while also presenting multifamily or commercial conversion potential. S-C, Suburban Commercial zoning, provides an additional redevelopment consideration. The Year 1 pro forma projects $2.46 million in room revenue and $689,877 in NOI at 30% occupancy, offering substantial operational and repositioning upside. Location Lansing is Michigan’s state capital and hub of a ±473,000-resident MSA positioned between Detroit and Grand Rapids. The Property sits directly off I-96 near Edgewood Town Center, Hope Sports Complex, GM Lansing Grand River Assembly, McLaren Greater Lansing Hospital, Downtown Lansing, and Michigan State University, all within approximately 6 miles of the site. Investment Highlights: • STARTING BID $750,000 | Causeway Bay Hotel | 300 Rooms | Lansing MI | AUCTION OCTOBER 5-7 • 300-Room Hotel with Repositioning Upside: Five-story asset on ±11.52 acres has S-C zoning and multifamily/commercial conversion potential. • ±26,000 SF Convention & Event Capacity: Meeting rooms, restaurant/bar, indoor pool, and business center create multiple revenue chann

Market Context

This hospitality in Lansing, MI is listed for sale. It is offered at an approximate 13.9% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1985. Compare it against other hospitality listings for sale in Lansing, MI — view the full market.

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