Michigan State University Sells Iconic Hotel
The property, which was sold to an out-of-state buyer, has been a part of the University’s Housing and Food Service Division since 2000.
By Roxana Baiceanu
Cottage at Brook Lodge Hotel & Conference Center, Augusta, Mich.
CBRE|Martin, a CBRE affiliate office serving Mid-Michigan, has facilitated the sale of the iconic Brook Lodge Hotel & Conference Center in Augusta, Mich., on behalf of Michigan State University. The property, which has been part of the University’s Housing and Food Service Division since 2000, sold to an out-of-state buyer for the full asking price, $950,000. It currently encompasses 48 keys in eight distinctive cottages totaling 66,603 square feet. The estate spans approximately 83 acres.
Prior to being donated to MSU by Pharmacia Corp., Brook Lodge served as a conference center for Upjohn Co. Built in 1895 at 6535 N. 42nd St., the property was initially a 40-acre dairy farm. The outside pool, which was part of the hotel grounds, had been removed and replaced with a gazebo, according to information available on MSU’s website.
Upon entering the University’s portfolio, the original paintings, sculpture, historic furniture and artifacts were securely stored and replaced by new furnishings and decorations. Brook Lodge closed for the public in 2012.
The team of brokers arranging the deal was made up of CBRE|Martin’s Chairman & CEO Van Martin and Associate Stephen Hershfield.
Image via Google Street View
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