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 +       FAYETTEVILLE, NC---NORTH CAROLINA   This attractive and well located 130 rooms interior corridor Ramada Inn serves greater Fayetteville market. Fayetteville is the fourth largest city in North Carolina. It is home of U.S. Army Fort Bragg and Pope Air Force base. The property is one of the two major franchised property located close to military bases. The property is easily accessible from Business I-95/US Hwy 301. Interstate 95 is a heavily traveled major interstate on the east coast. These demand generators, amongst other, provides a rich opportunity for growth. The market in the greater Fayetteville surged in 2004 - 2005 due to increased demand by the local military bases. Although the military demand has diminished considerably, the market is still holding its own. The ADR has been increasing. The property and its location is ideal for an onsite owner operator. The property is offered at a very attractive price and has tremendous upside potential. We estimate that by end of 2008, the property could recapture its lost market share and reach a revenues level of close to $750,000.     RICHMOND---VIRGINIA   This 171 keys asset is well located in Richmond, Virginia. It is off an exit of interstate 95…. a major north south interstate highway on the east coast. The property offers interior corridor entries. A major overhaul of the property was completed in 2006-2007 with cash injection of nearly $500,000 in capital improvements. Since the renovations, the property revenues have been increasing at a steady pace. The projected revenue for 2007 is $1.2 million and is on track. The property consists of three primary buildings on 6.0+ acres of land parcel. Building 1 consists of 71 rooms and building 2 and 3 consists of 100 rooms. The property offers an excellent potential to install two separate franchises to enhance current franchise reservation contributions. The property has been running absentee owner. With an experienced onsite owner operator coupled with two separate franchises, the property is capable of achieving revenue levels in excess of $1.6 million. At an offering price of $4.0 million the property offers a significant opportunity to a new owner. The land values in area have also been growing at a steady pace. Current land value is conservatively estimated to be in excess of $ 1.5 million. Of the total 171 rooms, 20 rooms are assigned to employees and their family. The property offers a fully equipped two bedroom Managers apartment. In addition 7 offices for rent, a large banquet room and a cocktail lounge are available for lease to further increase cash flow.     ASHLAND, VA---VIRGINIA   This 240 keys asset consists of two major franchises, 90 keys Days Inn and 150 keys Super 8. The properties are well located in active Ashland, Virginia market. They are off an exit of interstate 95…. a major north south interstate highway on the east coast. A major overhaul of the property was completed in 2006-2007 with cash injection of nearly $400,000 in capital improvements. Since the renovations, the property revenues have been increasing at a steady pace. The projected revenue for 2007 is in excess of $1.7 million and is on track. Due to two separate franchises, the property covers both economy and budget market sectors and enjoy franchise reservation contributions from two franchise reservation streams. The property has been running absentee owner. With an experienced onsite owner operator coupled with two separate franchises, the property is capable of achieving revenue levels in excess of $2.0 million. At an offering price of $6.8 million the property offers a significant opportunity to a new owner. The land values in area have also been growing at a steady pace. Current land value is conservatively estimated to be in excess of $ 2.0 million. The Ashland market is well developed and most of the major franchises are in the market.     BALTIMORE---MARYLAND   This 129 keys, two stories asset is well located in active Baltimore, MD market. It is located at an exit of Baltimore loop 695 and close to I-70, I -95 and route 40…. major highways in the Maryland region. The property is a few miles from Baltimore downtown, Baltimore Washington Airport. The local market offers high barriers to entry and no known new construction is planned. The property was operating as a Holiday Inn until April 2006. The Best Western franchise came on line in May 2006. The property also offers a restaurant & lounge and banquet facilities. The current owners have injected in excess of $625,000 since 2004 to overhaul the property. All renovations were completed prior to 2007 (complete list of renovations is attached). The Baltimore market is active and growing. Historically the property has performed well in the market with revenues reaching in excess of $2.0 MM in 2006. The 2007 revenues were marginally lower because of conversion from Holiday Inn to a Best Western. The 2008 revenues are lower due to overall economic downturn. We anticipate that after the current economic downturn, the property should once again reach its historic revenues. The property is currently absentee owner. In addition to the economic downturn the management at the property is unfocussed and the current rate structure is not in line with the competing properties in the market. With an experienced onsite owner operator the property can achieve its fair share of the market. At an offering price of $6.9 million the property offers a significant opportunity to a new owner.     DUMFRIES, VA---VIRGINIA   This 132 keys asset consists of two major franchises, 71 rooms Days Inn and 61 rooms Econolodge. Both of these properties are interior corridor. The properties are well located in a very active Dumfries, Northern Virginia market and minutes from Washington DC market. They are off an exit of interstate 95…. a major north south interstate highway on the east coast. The 2006 revenues were in excess of $1.7 million…… app. $13,000 per room.     [1]  2  3  Next>>

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