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 84 keys, four stories, interior corridor asset is well located in busy Winchester, Virginia market. The property is off I-81 and just minutes from the historic downtown and business center. The Winchester market is strong with app. 69% occupancies and $80 ADR. The current economic slow down impact has been marginal compare to national averages. Between 2007 and 2008, the market occupancies dropped by only 3% while the ADR drop was app. 1%. The property is performing well within the competitive set. The property is an ideal investment for an owner operator.     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. The property has been performing at app. $1 MM revenue levels for past several years, however, the current economic downturn the business in the market as well as at the property is lower. Once the economy picks up, the property should rach its historical revenues level. The current ownership has other interests and are willing to sale the property at a very reasonable price. A Lease Purchase option may also be entertained for qualified candidates.     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.     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.     [1]  2  3  Next>>

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