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 +       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 property provides an excellent value for tourist and low to medium end corporate business travelers. State University of NY provides large amount of business during graduation, homecoming, orientation function etc. 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. Although the property is now an independent motel, it provides all of the amenities of an economy brand franchise and surpasses many of the area-franchised motels in quality and value. It is apparent from great reviews by Expedia.com customers. With an on site owner operator and aggressive sales and marketing a potential to grow the revenues to $400,000 is entirely feasible.     SAN ANTONIO---TEXAS   This attractive and well located, limited service, interior corridor 72 suites Comfort Suites is on Interstate I-35, app. 2.5 miles from the central business district and near all of the major attractions such as Riverwalk, Market Square , Henry B. Gonzalez Convention Center, Alamo, Alamodome, Sea World, Six Flags Fiesta Texas etc; in San Antonio, Texas. San Antonio is the number one tourist destination in Texas. The property was a Comfort Suites, however, as of December 2008 the property has been converted to a Best Western. The Seller completed all of the improvements to meet current Best Western standards. Essentially there will, virtually, be no PIP for the property for a new owner. The new owner will benefit from lower franchise fees under a Best Western franchise. According to STR Report the Market RevPar between 2005 and 2007 went up by 18% indicating that the market is healthy and growing. The property RevPar for the same period went up by only 4.75% indicating that the property is under performing the market. The trailing 12 month the property RevPar index is at 88% further substantiate the property under performance. One of the reasons for below market performance is that the property is run absentee owner. In our judgment the property offers a great upside potential for an on site experienced owner operator. Revenue in excess of $1.8 million is entirely feasible.     DAYTON, WA---WASHINGTON   This 40 room project consists of two well maintained independent motels located across the street from each other and on the west edge of downtown Dayton on Hwy 12. They are within walking distance of downtown district. The room demand is generated from tourist and travelers, family reunions and low end corporate business such as contractors and various trade customers. Although the properties are independent motels, they provide friendly staff, clean rooms and good value for the customers. There is virtually no competition in the market. The project is ideal for a retired couple OR a new comer in the motel industry. A potential to grow the revenues in excess of $400,000 is entirely feasible. At $1.5 million purchase price an owner operator can net, after mortgage, over $100,000 per year with a return on investment in excess of 30%. Fully equipped owners living quarters are on site.     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 $5.5 million the property offers a significant opportunity to a new owner.     HAGERSTOWN---MARYLAND   This 85 keys, four stories, interior corridor, four years young asset is well located in busy Hagerstown, MD and Washington DC markets. It is close to I-81, I-70 and route 40…. major highways connecting Washington DC and Maryland markets. The hotel is an award winning property in the Carlson Hotels family. The Hagerstown market offers app. 64% occupancies at an ADR of $93. At an offering price of $7.2 million the property offers a significant opportunity to a new owner.     <<Previous  1  [2]  3  Next>>

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