Status   SOLD  
Ramada Lansing Hotel
7501 West Saginaw Highway, Lansing, MI, 48917 United States
sold
$4,000,000
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List Date11/28/2010
TypeOther
Style3 Story
Units244
Bathrooms246
Square Footage195013
Lot Size11.62
Age1972
Rare Offering 244 Room Hotel for under $17k per room.
Exterior Features Property: Ramada Lansing Hotel and Conference Center
Property Description: Fee simple interest in a 244-key full-service hotel
Property Address: 7501 West Saginaw Highway
Assessor's Parcel Number: 040-015-100-007-00
Square Footage: 195,013
Lot Size (acres):11.26
Year Built: 1972
Number Of Buildings: 1
Number Of Stories: 3
Number Of Units: 244
Original Real Estate Value: $8,800,000
Original Real Estate Value Date :03/14/2007
Peak Value 2006 : $14,600,000
Selling price : USD$4 million
Additional Features and Amenities Hotel and Conference Center located in Lansing, MI. This 244-room hotel is strategically located off an I-96 interchange, just minutes from the State Capitol, Michigan State University, Lansing Capital City Airport, the Summit and Aim High Sports Complex, the downtown Lansing business area, Sparrow Hospital, and a General Motors plant. Built in 1972 on an 11.3-acre site, the Ramada Lansing contains 16,500 SF of meeting, hospitality and board room space as well as an indoor swimming pool, game area and fitness center under an atrium dome. The hotel rooms are a mix of king and double/double units. The hotel also contains a semi-detached 200-seat restaurant that can be either leased to an independent operator or managed internally.