LENDER OWNED AUCTION 110 UNIT CURRENTLY OPERATING HOTEL!! Cadillac, MI
Details
Cadillac is located in the West Central portion of Michigan, 90 miles North of Grand Rapids, and 49 miles East of Manistee at the junction of US 131, M-55, and M-115. Hotel is located one mile from Exit #177 on US 131.
Inspections
Tuesday, January 25 • noon to 4:00 pm
Wednesday, January 26 • noon to 4:00 pm
Tuesday, February 15 • noon to 4:00 pm
Wednesday, February 16 • 9 am to 11 am
Bid Deadline
Wednesday, February 16 11:00 am
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Location
Details
COMFORT INN HOTEL
38 King
1 Suite
63 Double
8 Handicap Accessible
57,428 Sq. Ft. Building on 2.8 ± Acres
Fitness Center
Indoor Pool & Whirlpool
On-Site Laundry & Dry Cleaning
ALL ROOMS HAVE:
Pillow Top Mattresses, AM/FM Clock Radio, Coffee Service, Hair Dryer, Iron and Ironing Board, Individually Controlled HVAC unit, and WiFi Access
Business Center
Meeting Space - Accommodates Up To 40
Boardroom - Accommodates Up To 8
Breakfast Buffet Area
Game & Billiard Room
Large Paved Parking Lot with Recreational Vehicle Parking
Walking Distance to Hiking Trails,
Picnic Areas, and Swimming at Lake Cadillac!
Local Attractions: Cadillac sits on the edge of Manistee National Forest with immediate access to two large lakes. This year-round vacation destination offers tourists both summer and winter activities including golf, boating, fishing, hiking, downhill and cross country skiing, and snowmobiling.
Additional area attractions include, Lake Mitchell, The Pine River, Eldorado Golf Course, The Rose Golf Course, Caberfae Peaks Ski & Golf Resort, Carl T. Johnson Hunting & Fishing Center, and Adventure Island.
STAR & PIP Reports and Financials, available with a signed release.
7% Buyer Premium. $100,000 Certified (non-refundable) Deposit due on day of sale, with a deposit equal to 10% due within 2 business days, and balance due at closing within 30 days.
Selling Subject to Owner Confirmation. Attorney Tom Alward, Brandt, Fisher, Alward & Roy, P.C., 231-941-9660 is coordinating the closing. Real Estate is selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. See Bidder Kit for complete terms. In all transactions, Auctioneer is acting as an Agent for the Seller. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction takes precedence over any material published about this event.
Valid Government Issued Photo ID required to obtain bidding number.
Broker Participation is welcome, but not required. A 1% Commission will be paid to the licensed broker who, 1 hour prior to the start of the auction, registers the bidder who pays for and settles for the real estate. A broker buying on his behalf, or on behalf of any business entity in which he holds an interest, is not entitled to a commission.
Re: LENDER OWNED AUCTION 110 UNIT CURRENTLY OPERATING HOTEL!! Cadillac, MI
Cadillac is located in the West Central portion of Michigan, 90 miles North of Grand Rapids, and 49 miles East of Manistee at the junction of US 131, M-55, and M-115. Hotel is located one mile from Exit #177 on US 131.
To Whom It May Concern: Pursuant to your request, please sign and date this release to receive documents relating to the above noted property. The Seller did not prepare these documents and has no knowledge of their accuracy or completeness. None of the documents shall constitute a representation or warranty of any kind by Seller as to the accuracy or completeness of any information delivered. Accordingly, Seller expressly disclaims any responsibility therefor, including any consequences of any reliance by anyone on them. Please note that the documents and the information contained therein are confidential, and by acknowledging receipt, you agree to keep such information confidential and that you shall not, without the prior written consent of Seller, share any of the documents with anyone other than Potential Buyer and representatives of Potential Buyer who need such information for the purpose of evaluating the premises and who are informed of the confidential nature of the information and also agree to be bound by the terms of this confidentiality provision. By this acknowledgement, you further agree that you will return to me the originals and any copies of the materials forthwith upon demand if the contemplated transaction is not consummated. Please do not hesitate to contact our office with any questions you may have.
