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82 Unit Independent Hotel with Pool - Rising Sales, Great Location
| Asking Price: | $2,450,000 | Inventory: | |
| Gross Revenue: | $863,000 | Real Estate: | $2,500,000 ++ |
| Cash Flow: | $325,000 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
82 Unit Hotel with Pool - currently independent but could be franchised or flagged as Super 8 economy type hotel.
• Built new in 1991 with additions in 1995 and 1997
• 40 year history by single owner
• Great highway frontage with over 5 acres
• Strong regular customer base and almost 100 direct bill accounts
• Large Indoor water slide, pool and hot tub
• 4 Bedroom 2 Bath House on the property
• Restaurants and lounges nearby as well as other area attractions
Summary:
Built new in 1991 after a fire had destroyed the original property. Property has a large variety of regular rooms and suites with rates ranging from $39 to $103/per night. Owner does a good job of replacing things. Sales are consistently around $500-800,000 annually. 2009 sales are ahead of 2008 year to date.
• Built new in 1991 with additions in 1995 and 1997
• 40 year history by single owner
• Great highway frontage with over 5 acres
• Strong regular customer base and almost 100 direct bill accounts
• Large Indoor water slide, pool and hot tub
• 4 Bedroom 2 Bath House on the property
• Restaurants and lounges nearby as well as other area attractions
Summary:
Built new in 1991 after a fire had destroyed the original property. Property has a large variety of regular rooms and suites with rates ranging from $39 to $103/per night. Owner does a good job of replacing things. Sales are consistently around $500-800,000 annually. 2009 sales are ahead of 2008 year to date.
About the Business
Year Established:1960
Employees:4 full time - 6 part time
Facilities:Built new in 1991 with additions in 95 and 97. Very well maintained.
Market Outlook and Competition:Fast growing city in a great metro with great location.
About the Sale
Management Training and Support:Owner will stay and train new owners
Reason For Selling:Retirement
Seller Financing:Potential contract for deed for qualified buyers with decent down payment and track record.
KEYWORDS: hotel, franchise, hospitality, motel, independent,
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