HREC Investment Advisors is pleased to offer for sale the fee-simple interest in the 96-room Baymont Inn & Suites Gaylord (herein referred to as the “Property” or “Hotel”), located in Gaylord, MI. Located off I-75, the Hotel is minutes from downtown Gaylord, known as the Alpine Village of Michigan because of the newly remodeled, Swiss-themed downtown shopping district. The Baymont Inn is strategically located with easy accessibility to all of the area’s top demand generators including Otsego Lake State Park, Boyne Mountain Resort, Call of the Wild Museum, and over 15 world renowned golf courses. The location of Gaylord at the center of Michigan’s northern Lower Peninsula experiences a very distinct four-season climate and the surrounding region constitutes a major center of outdoor recreational activities. The area provides a network of trails, river systems, inland lakes, parks, ski resorts and vast expanses of wilderness. It is a premier winter snowmobile destination with over 500 miles of snowmobile trails. Comparatively, in the spring and summer months Gaylord is known as America’s Summer Golf Mecca, with over 15 championship-caliber courses designed by golf’s greatest, all within an hour’s drive. Additionally, Gaylord is within an hour from Mackinaw City, Petoskey, and Traverse City.
Northern Michigan region's economic base is largely agriculture, tourism, retail trade and manufacturing related. The area features a healthcare and education presence, led by Otsego Memorial Hospital, Lake Superior State University and University Center Gaylord.
The Property underwent a comprehensive renovation in 2017, work included new guestroom FF&E, window treatments, carpet, beds/bedding and new texture with paint. The change of ownership PIP is expected to be minimal. The acquisition of the Baymont is an attractive opportunity to acquire a midscale branded, recently renovated Hotel, offered well below replacement cost. The seller, who is based in California, also owns the Best Western in Gaylord, MI, approximately one mile from the Property.
