Asking Price: $9,000,000

Seller Financing: Seller will consider financing options with qualified buyer.

There is no national franchise brand hotel/resort facility in this marketplace, and this property is virtually the only opportunity for one to establish a presence in the mid and upper-mid price range. Several brands are logical possibilities, including Holiday Inn, Clarion, Ramada Inn, Hampton Inn and Comfort Inn. A brand that will use the existing full service restaurant is the best option since it is that food capability that attracts many of the clients in the popular and growing bus tour niche. The offering includes all real estate and improvements, plus all furniture, fixtures, equipment, vehicles and miscellaneous items, unless designated by the owner as personal property in a purchase and sale agreement. In addition, the buyer will inherit development rights to construct 13, three bedroom condominium units on the property. It is this condo development that is most attractive. If implemented and completed as currently outlined, the profits from the sale of the condos would lower the net acquisition cost from $9.0M to approximately $5.5M.

Year Established: 1986

Employees: 23 full time - 15 part time

Facilities: Parcel encompasses 14 acres, including 3 acre pond, 50,000 square foot finished facility containing 72 interior entry rooms, 75 seat restaurant, 25 seat licensed bar & lounge, indoor and outdoor swimming pools, meeting and fitness rooms.

Market Outlook and Competition: Situated in a marketplace in the midst of a $400.0M development and commitment to make this region one of the finest leisure sites in the Eastern United States. The marketplace is loaded with upscale and elite resort facilities with more in the pipeline. The area anticipates losing over 200 mid-priced rooms to high land values and condo conversions within the next 30 months - a time when this level of lodging will experience booming demand.

Management Training and Support: Seller will assist in conversion.

Reason For Selling: Retirement, seek to turn next growth stage over to ownership with vision.