Username :  Password :  Forgot Password Country :  U.S State :  ALL Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Rooms :  ALL Below 50 Below 100 Below 150 Below 200 Below 250 Below 300 Below 350 Below 400 400 to more Price : -Select- < $ 1 Million < $ 3 Million < $ 5 Million < $ 7 Million < $ 9 Million < $ 11 Million < $ 13 Million < $ 15 Million < $ 17 Million < $ 19 Million < $ 21 Million < $ 23 Million < $ 25 Million < $ 27 Million < $ 29 Million < $ 31 Million < $ 33 Million < $ 35 Million < $ 37 Million < $ 39 Million < $ 41 Million < $ 43 Million < $ 45 Million < $ 47 Million < $ 49 Million < $ 51 Million < $ 53 Million < $ 55 Million < $ 57 Million < $ 59 Million < $ 61 Million < $ 63 Million < $ 65 Million < $ 67 Million < $ 69 Million < $ 71 Million < $ 73 Million < $ 75 Million < $ 77 Million < $ 79 Million < $ 81 Million < $ 83 Million < $ 85 Million < $ 87 Million < $ 89 Million < $ 91 Million < $ 93 Million < $ 95 Million < $ 97 Million < $ 101 Million < $ 103 Million < $ 105 Million < $ 107 Million < $ 109 Million < $ 111 Million < $ 113 Million < $ 115 Million < $ 117 Million < $ 119 Million < $ 121 Million < $ 123 Million < $ 125 Million < $ 127 Million < $ 129 Million < $ 131 Million < $ 133 Million < $ 135 Million < $ 137 Million < $ 139 Million < $ 141 Million < $ 143 Million < $ 145 Million < $ 147 Million < $ 149 Million < $ 151 Million < $ 153 Million < $ 155 Million < $ 157 Million < $ 159 Million < $ 161 Million < $ 163 Million < $ 165 Million < $ 167 Million < $ 169 Million < $ 171 Million < $ 173 Million < $ 175 Million < $ 177 Million < $ 179 Million < $ 181 Million < $ 183 Million < $ 185 Million < $ 187 Million < $ 189 Million < $ 191 Million < $ 193 Million < $ 195 Million < $ 197 Million < $ 199 Million < $ 200 Million +       GASTONIA---NORTH CAROLINA   The property consisting of two one story buildings with a total of 100 guest rooms and is run with an owner operator on site. The property was a Motel 6 until May 2009. The Americas Best Value Inn (ABVI) franchise was installed in June 2009. The property provides all of the amenities of an economy brand franchise and surpasses many of the area-franchised economy motels in quality and value. The property provides an excellent value for budget conscious guests. The property, Motel 6, was performing very well in the market. The 2006 and 2007 revenues were $866,000 and $ 927,000. The 2008 revenues were $ 580,000. The drop in 2008 revenues was primarily due to the fact that the property was under major renovations during August, September, October and November. With an experienced owner operator, the property is likely to reach revenue levels of previous years. A conservative pro forma is attached. The owners living quarters consisting of 2 bedrooms, a living Room and a kitchen are on site as an added convenience and better management.     WINCHESTER---VIRGINIA   This attractive and well located, award winning, limited service, exterior corridor property is situated on Interstate I-81. The property has been run absentee owner and provides a great opportunity for an owner operator. Winchester market is fairly resilient. The market demand is over 60% in Occupancies and $ 55 plus in ADR. Between 2008 and 2010 the demand dropped by 8% and the ADR dropped by 6%. Needless to say that unlike other markets, the Winchester market did not get affected significantly during the economic downturn. With an onsite owner operator and at a purchase price of $ 2 MM, the property is capable of producing net-net income of over $200 K, after debt. The current ownership is out of country and has other interests. The property is offered at a very reasonable price of $ 2MM. A Lease Purchase agreement may also be entertained for qualified candidates.     RICHMOND---VIRGINIA   : This 171 keys asset is well located in active Richmond, Virginia market. It is off an exit of Interstate 95…. a major north south interstate highway on the east coast. The property offers both interior and exterior corridors to appeal all groups. The property has been absentee owner and lacks serious management. The property revenues has been in excess of $1MM for past several years with the exception of the current economic slowdown. The property consists of four buildings and sits on nearly 6.0+ acres of land parcel. Building 1 consists of lobby, manager’s apartment, meeting room and banquet facilities. A total of 7 office spaces as well as lounge and banquet facilities are available for rental to increase the revenues further. Building 2, 3 and 4 consists of 171 guest rooms. With an experienced onsite owner operator, the property is capable of achieving, at least, revenue levels back to the historical levels or even more with proper management and guest relations. The current ownership is a number of professionals and have very little experience in managing the hotel. The land itself is assessed at more than $1MM. At the offerring price the property offers a significant opportunity to a new owner.     BALTIMORE---MARYLAND   This 145 keys, seven stories, interior corridor asset, only seven years young, is well located in busy Baltimore, Maryland and Washington DC markets. It is only 3 miles from the Baltimore Washington International airport (BWI). It is easily accessible from major highways and interstates. BWI airport has been growing and the market demand for rooms has also been steadily increasing. The property is run absentee owner. It may be possible to re-brand this property with a Best Western. The BWI market is very strong and the property is performing well within the competitive set, however, with an active owner operator, the property can increase its market share further. The projected revenues for 2008 are in excess of $3.4 million. Based on the STR report, the comp set per room per year revenues were app. $27,850 while the property yielded app. $24,150 per room per year. Clearly the property has potential to increase revenues further. With an experienced and active owner operator the property can achieve its fair share of the market. At an offering price of $14.0 million the property offers a significant opportunity to a new owner.     VESTAL---NEW YORK   This independent property is ideal for an on site owner operator. It consists of three buildings with a total of 58 guest rooms. The owners living quarters are on the site with 3 bedrooms + Living Room and Kitchen. The real estate values in the area have grown significantly in last few years. Based on the comparable land sales (app. $ 600 - $750,000 per acre) the land value itself is in excess of $1 million. During the current economic downturn property operated marginally over the break even point. However, the 2010 revenues were app. $400K. We anticipate that the revenues will reach $500K in 2011 and beyond in subsequent years. Based on the 2010 financials, the property produced a net profit in excess of $185,000 after mortgage. For the new owner the same trend should continue. At an offering price of $1.6 million the property provides a significant opportunity to a new owner with nearly 40% ROI.     [1]  2  3  Next>>

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