$5,995,000

This is a rare opportunity to own and operate a successful, professionally managed hotel business on one of the Great Lakes most visited islands, Kelleys Island, the largest American island on Lake Erie and a premier Midwest tourism destination. The property is a best in class, one of a kind hotel that offers guests a relaxing getaway within a private enclave that feels far removed from the mainland. The business shows steady year over year lodging activity, supported by modern booking software that keeps operations organized and efficient. Its prime location overlooking Lake Erie gives guests memorable views and easy access to the island's most popular attractions. A new owner can turnkey this opportunity and retain the existing management team or take over the day-to-day operations. This flexibility allows you to step in at the pace that fits your goals, whether you prefer a hands-on role or a more passive approach supported by experienced staff. There is also an opportunity to enhance and grow the Tiki bar area near the water into another feature that can increase guest activity and add new potential for the business. Along with lodging income and on-site golf cart rentals, the property offers something that is difficult to match. The replacement cost of this property and its improvements would be staggering, making the existing operation and its location an exceptional value for an investor or a family looking for a lifestyle driven island business in a high demand waterfront market.