HREC Investment Advisors has arranged the sale of the 111-guestroom Hampton Inn Cadillac in Cadillac, Michigan.
HREC Investment Advisors exclusively represented Kushman Hotels Group on this transaction. The marketing and negotiations were led by Scott Kaniewski, Managing Director – Chicago, Lee Kerfoot Vice President – Minneapolis, Taylor Ponath, Salesperson – Minneapolis, and Michael Blahosky, Corresponding Broker and Broker on Record for Michigan.
The Hotel is located near several of Cadillac’s key leisure demand generators such as the White Pine Trail, Lake Cadillac and Lake Mitchell; several state parks such as William Mitchell State Park, Huron-Manistee National Forests, and Pere Marquette State Forest; and the Caberfae Ski Resort.
Commercially, the Hotel is proximate to the Munson Healthcare Cadillac Hospital, downtown Cadillac and Cadillac’s three major manufacturing parks: Cadillac Industrial Park, Potvin Industrial Park and VanderJagt Industrial Park.
Because of its location in the northwest corner of Michigan’s Lower Peninsula, Cadillac enjoys a variety of recreational demand generators from the area’s natural beauty. Lake Cadillac and Lake Mitchell are staples of the region, allowing not only for moderate commercial usage but also providing approximately 3,700 acres of boating, fishing, other water activities, and snowmobiling in the winter.
