Hotel & Motel Management - February 4, 2008 - (Page 56)

Real Estate H&MM February 4, 2008 | HotelMotel.com www.HotelMotel.com/digital_edition Real Estate Hotel Acquisition Opportunities Colorado Comfort Inn, Louisville: 68 unit, ltd service, located between Denver and Boulder, near University CO, $4.19M ask; Mark Darrington 303 267 0057 ext 111. Colorado Quality Inn Central Denver, Denver: 209 guest rooms, full service, outstanding location and visibility along I 25/I 70, proximate to downtown, $6.9M ask; Mark Darring ton 303 267 0057 ext 111. Illinois 203 N. Wabash, Chicago: Irreplaceable location in heart of Chicago, unique historic adaptive reuse opportunity for up to 240 room hotel; Jeff Preston 312 645 9010. Kansas Candlewood Suites: 83 suites, newly opened 2007, outstanding cash flow, great lodging market, near several demand generators; Nick DePaolo 312 645 9010. Minnesota Best Western, Marshall: 100 guestrooms, only full service hotel in Marshall, $1.5M in GRR, 6.5% RevPar increase in 2007, $4.5M ask; Nick DePaolo 312 645 9010. Minnesota Four Points, Minneapolis: 252 guestrooms, strong top line revenues, excellent highway location 4 miles from downtown Minneapolis; Nick DePaolo 312 645 9010. Missouri Nationally Branded Hotel, Branson: 150+ rooms, well maintained & managed property, ideal “strip” location in heart of entertainment district, adjacent to several attractions; Larry Kaplan 303 267 0057 ext 113. Montana War Bonnet, Butte: 131 rooms, full service, located off Butte exit on I 90/15, opportunity to change to Quality Inn, $4.95M ask; Larry Kaplan 303 267 0057 ext 113. Nebraska Best Western, Omaha: 122 guestrooms, re cently renovated, proximate to several area demand gen erators and downtown Omaha; Ted Anka 312 645 9010. Ohio Comfort Inn, Marietta: 120 guestrooms, newly renovated, increasing revenues, excellent Interstate 77 accessibility and visibility; Jeff Preston 312 645 9010. Pennsylvania Pittsburgh Hotel Portfolio, Pittsburgh: four first class select service hotels totaling 270 guestrooms, high quality lodging facilities, major brands, offered unen cumbered by management; Geoff Davis 212 551 1775. South Dakota Best Western Sundowner Inn, Hot Springs: 51 guestrooms, quality ltd svc hotel, excellent condition located in downtown Hot Springs near Black Hills tourism area, $2.7M; Mark Darrington 303 267 0057 ext 111. Virginia Quality Inn, Fredericksburg: 166 guestrooms, historic location between Washington, DC and Richmond, VA, strong highway positioning along I 95, offered at less than replacement cost; Andrew Broad 212 551 1776. Costa Rica 2.2 Acre Beachfront Site, Jaco: beachfront property with unobstructed views of Pacific Ocean and Coastal Mountains—LAST BEACHFRONT LAND AVAIL ABLE FOR DEVELOPMENT; Jeff Preston 312 645 9010. Mexico 3500 Acre Development Site, La Paz: mixed use development opportunity, on 9 miles of coastline, located on Eastern Coast of Baja California on the Sea of Cortez near Intl Airport; Jeff Preston 312 645 9010. Denver New York New Jersey Chicago Los Angeles Tampa Boca Raton Visit our website at www.hrec.com for complete listings! A Division of the Plasencia Group, Inc. Robert O’Leary • 4107 N Himes Avenue, Suite 103 • Tampa, FL 33607 813.571.9471 • ROLeary@tpghotels.com www.tpghotels.com EXCLUSIVE LISTINGS: • NEW: Fairfield Inn and Suites in Mid-Atlantic Region. Great condition. Interior Corridor. Strong performer. 80 rooms. • NEW: 83 unit waterfront luxury property, limited service, in Clearwater Florida area. Hotel backs up to intracoastal and will include the rights to build 12 marina slips. Across the street from the Gulf of Mexico. Fully renovated in Summer of 2007 to top caliber standards. Running now as an independent boutique hotel. • NEW: Boston, Massachusetts area. 220 unit Full Service Holiday Inn. Opportunity to up-brand the hotel. Has the facilities of a 4 diamond conference center. Interior Corridor and located within a corporate office park. • Near Military Base in Alabama: 90 unit, fully renovated Econo Lodge and Suites in Southwest Alabama. Located near strong demand generator. Includes 16 suites, plus a 2 Bedroom Manager’s quarters above lobby. Corporate Seller. Ideal for Owner Operator. Poised for Significant Growth due to the Army’s Privatization of Lodging beginning this Spring. 2.3 Million. • NEW: Tampa Area: 150 Unit ALL Suite Property. Near Busch Gardens and USF. Suites are fully divisible with separate bedroom and living areas. Had been on market for $16 Million. Price Reduced to $12,700,000. • NEW: Tallahassee, Florida: 150 unit limited service property. Extremely well maintained. 6 Plus acre site with frontage. Strong upside potential. Corporate Seller. Priced at 3 Times Trailing 12 revenues. $5,250,000 For information on these assets or to request a CA, please contact Cheryl Nierengarten at Cnierengarten@tpghotels.com or 813 932 1234 g g p Passion Access Certainty ORLANDO - DISNEY WORLD 10% Cap - Seller Financing Available Both properties are next to each other on 17 acres, across the street from Disney’s Celebration and two miles from Disney World. Howard Johnson - 367 rooms - $16.5M Rodeway Inn - 200 rooms - $9.9M MUST SELL - MAKE OFFER 2007 was another banner year in sales volume for Leisure Real Estate Advisors. The investor demand continuesa toAbei shigh,. Lbut we are seeing signs of Real Est te dv ors, L .C. investor caution. If the time is right to sell, call us for a confidential evaluation of your property. www.leisurerealestate.com RECENT CLOSINGS INCLUDE: Email: info@leisurerealestate.com SOLD Comfort Suites-Independence, MO, Call Brent SOLD HIExp-Independence, MO, Call Brent SOLD HIExp-Lawrence, KS, Call Brent SOLD Luxury Inn-of Shenandoah, IA, Call Mike SOLD Quality Inn- Lawrence, KS, Call Brent SOLD Comfort Suites-KC, KS, Call Rick/Brent SOLD Hawthorn Suites-Wichita, KS, Call Brent SOLD BW RainbowVillage SC, KC, KS, Call Brent SOLD Econolodge- Lawrence, KS Call Rick SOLD Super 8-Chillicothe, MO, Call Mike SOLD HIExp-Maryville, MO Call Brent SOLD BW-Lebanon, MO, Call Brent SOLD Super 8-Lebanon, MO, Call Brent SOLD Quality Inn-Columbia, MO, Call Brent SOLD Port Arrowhead-Lake Ozark, MO, Call Rick SOLD Victorian Inn-Columbus, NE, Call Mike SOLD Victorian Inn-S.Columbus, NE, Call Mike CONTRACTS PENDING: Quality Inn, Independence, MO, Call Brent Hawthorn Suites, Mission, TX, Call Brent Hampton Inn, Merriam, KS, Call Rick Days Inn, Newton, KS, Call Mike Super 8, Dodge City, KS, Call Rick LEISURE LEISUR E “ExclusiveOwners Marketing Agents Representing “Exclusive Marketing Agents Representing of Hotel Real Estate” Owners of Hotel Real Estate” Owners of Hotel Real Estate” Holiday Inn • Detroit Lakes, MN 102 units, major resort area, prime Priced at $4,750,000. FOR SALE - Minnesota Real Estate Advisors, L.L.C. Holiday Inn • International Falls, MN opportunity, RmRev. $1.75M for 2006, Priced at $3,875,000. Major Franchise•Minneapolis/St. Paul, MN 100± units, Limited Service, pool, Ted Leines • Colliers International leisurerealestate.com 913-894-5252 Kansas City - Lincoln, NE 402-421-8014 Your ticket to new customers! Call Brian Olesinski 800-669-1668 ext 3794 bolesinski@questex.com Please Email: harveyLV@aol.com, 813-376-4075 Harvey Estes, Exec Realty, LLC SOUTHEAST INTERNATIONAL HOTEL BROKERS (417) 865-2520 www.southeastinternational.com HOSPITALITY IS OUR ONLY BUSINESS! 47 Years of Business! See our current listings at: CONCORDE GROUP INC. 417-881-5500 www.concordegroupinc.com Ref #130 – Fantastic new listing! 44 guestrooms, 2 story, interior corridor, franchised. Check our website for more info on this and other great properties HOTELS FOR SALE 61-ROOM HOTEL INTERIOR CORRIDOR limited service franchised property located in Bowling Green, KY. Excellent interstate and tourist destination $2,800,000.00. Leave message 270-781-4709 2/4 68 ROOM HOTEL BUILT IN 2005, limited service hotel franchised property located in Bowling Green, KY. Property has indoor pool, hot tub, exercise & game room, full kitchen. $5,500,000.00. Leave message 270-781-4709 2/4 WI 42 ROOMS FRANCHISED. Indoor pool/spa, lounge, romantic whirlpool and theme suites, large 2 bedroom managers apartment. Tourist area, excellent location, excellent condition. $682,000.00 gross. Asking $2,150,000.00. Call 608-326-8200 or 608-412-2555. 2/4 CORPUS CHRISTI: Motel Site Development: ±1.6 acre site to build franchise motel $599,000: College Station--Texas A & M: 100 rooms plus, land, $3.3 mil. Om Realty Finance Company (972)612-0000 omrealtyfinance@gmail.com 2/4 Phoenix/Tucson/LA 9 Hotels cherrypick. Moderate to Full Service Hotels Available. Interstate/Mall/Corporate. Ultimate AZ/CA/NM/TX Locations. Strong NOI Growth. Newly Refurb. 102-268 Suites. $5.3-24.9 mil. SUITE HOTELS FOR SALE BY OWNER: 103 units, meeting rooms & restaurant/bar facilities. On almost 4 KS acres just off I-70. $2,200,000. United Country 1-800-999-1020, Ext. 195 www.unitedcountry.com/hotel ECONO LODGE Pamela Barnhill, pbarnhill@innsuites.com, 602.944.1500 • www.rareearthdev.com http://www.HotelMotel.com/digital_edition http://www.HotelMotel.com http://www.paramountlodging.com http://www.hrec.com http://www.paramountlodging.com http://www.hrec.com http://www.tpghotels.com http://www.leisurerealestate.com http://www.tpghotels.com http://www.leisurerealestate.com http://www.southeastinternational.com http://www.concordegroupinc.com http://www.rareearthdev.com http://www.unitedcountry.com/hotel

Table of Contents Feed for the Digital Edition of Hotel & Motel Management - February 4, 2008

Hotel & Motel Management - February 4, 2008 Contents Murray, Keltner to Keynote Atlanta Event ABVI Approves Per-room Fee Hike Growth, Guest Loyalty on Lexington’s Plate Perspective Legally Speaking AAHOA Update Marketing Matters Consultant’s Corner On Finance Training Trends HotelWorld Update Trends & Stats Outdoor Furniture Limited-service-hotel-chain Report Energy-management System Provides Link to Savings Upgraded Bedding Program Cost Comes Due Less Hot Water Equals Less-costly Bills Events Learn to Take Advantage of Lower Insurance Costs Brokers Will Remain Unscathed in 2008 Transactions Ad/Edit Index Marketplace Classifieds Checking Out

Hotel & Motel Management - February 4, 2008

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