Hotel & Motel Management - February 4, 2008 - (Page 57)

www.HotelMotel.com/digital_edition HotelMotel.com | H&MM February 4, 2008 Real Estate 57 Real Estate INDIANA 74 Rooms, Quality Inn, I-64, Evansville. 3 story, interior corridor, indoor pool, built in 2000, absentee management. Revenue $677,956. Price $2,500,000. 125 Rooms, Econo Lodge, I-70, Terre Haute. Prefab modular construction, built in 1988, absentee management, managers apartment. Revenue $1,250,729. Price $3,250,000. IOWA 63 Rooms, Rodeway Inn, Mount Pleasant. 2 story, interior corridor, indoor pool, built in 1997 as an AmeriHost Inn, Comfort Inn will franchise. Revenue $629,539. Price $2,375,000. OHIO 55 Rooms, Comfort Inn & Suites, I-70, Dayton. 3 story, interior corridor, indoor pool, built in 2000, 16 suites. Price $3,100,000. 87 Rooms, Knights Inn, Xenia. Prefab modular construction, built in 1987, absentee management, managers apartment. Revenue $560,061. Price $1,700,000. 89 Rooms, Holiday Inn Express, I-71, Columbus. 2 story, interior corridor, built in 1973, absentee management, Holiday Inn license expires February 2011. Revenue $1,393,602. Price $3,900,000. 95 Rooms, Baymont Inn & Suites, I-270, Columbus. 2 story, exterior corridor, built in 1986, absentee management. Revenue $836,766. Price $3,200,000. 97 Rooms, Buckeye Budget Inn (Independent), I-75, Bowling Green. 2 story, exterior corridor, built in 1980, managers apartment, across from Bowling Green University. Revenue $462,107. Price $1,595,000. 104 Rooms, Super 8, I-70, Columbus. 3 story, interior and exterior corridor, built in 1989. Price $3,500,000. 107 Rooms, Tallyho-tel (Independent), I-77, Cleveland. Prefab modular construction, built in 1982, absentee management, existing financing available. Revenue $484,656. Price $1,500,000. 180 Rooms, Days Inn & Villager (Independent), I-75 at I-70, Dayton. 2 adjacent hotels, 2 story, exterior corridor, built in 1976. Revenue $763,102. Price $3,000,000. Call or check our website for a complete list of our motels for sale. MIDWEST HOT LIST Corporate Office 410-489-5900 www.MBAHotels.com Midwest Office 641-472-7475 FEATURED PROPERTY Baltes Commercial Realty, Ltd. Phone: 937-438-6700 Email: bcr@1bcr.com Website: www.1bcr.com Franchise Hotel Site, PA 1.9 acre hotel site. Next to Bucknell University in Lewisburg, PA. Approved for 60 unit Comfort Suites. Ready to build! Offered at $1,100,000. NEW CONFIDENTIAL LISTING: 160 + Rooms, VA Mid rise interior corridor with solid masonry construction. Renovated to meet current brand standards, this hotel offers a repositioning opportunity in mid to upscale brands. Busy market, full service, built to stay competitive. $8,465,000. NEW LISTING! 160 Rooms, AL Home to 7 thriving business districts, Located near museums, theaters, hall of fame, zoo, etc. NOI close to $600K. Asking $4.45M 124 Rooms Franchise, OH Interstate exit location with good visibility. Close proximity to state university. Two story, exterior corridor with pool. New development at exit. Offered at 3.4x Room Rev. $2,750,000. C H I  N M Marcus & Millichap’s National Hospitality Group provides clients with access to more qualiﬁed private and institutional investors than any other ﬁrm. Our market expertise, transaction knowledge, industry-leading research and national marketing platform maximize value for every transaction. Robert Hicks (877) 95-HOTEL NEW LISTING! 106 Rooms, Tupelo, MS Near Toyota Plant and other demand generators. Great opportunity for an experienced hotelier to realize upside potential. $2,800,000. NEW LISTING! 91 Units, Franchise - TN Excellent location, well maintained, Memphis Metro, Revenues trending up over 1.14mil, NOI $493K, CAP Rate 11.5% Offered at $4,290,000 PRICE REDUCED! 90 Rooms, National Brand, KS Two-story, interior corridor downtown hotel close to demand generators. Just 20 minutes from Kansas City Airport. Newly renovated lounge and restaurant, Revenues up 30% since 2005. Now offered at $1,950,000. 86 Rooms, Two Franchised Hotels (side-by-side) NY Two branded hotels, hotel is at busy Interstate exit in New York State. Indoor heated pool, walking distance to major restaurants and shopping mall. Occupancy 62%. Offered at $6,800,000. Wondering where to find new customers? Look no further! Contact Brian Olesinski today to place your ad in NEW LISTING! 51 Rooms-Franchise, TN Near Louisville and military base. Built in 2000, absentee management. Offered at $1.695 mil. NEW LISTING! 47 Rooms Franchise, MO Recently flagged as Comfort Inn near Memphis, no pip, easy operation, Highway location, Cap rate 11.48% and up. Asking $2,350,000. NEW LISTING! 46 Rooms, Franchise, AL Choice Brand under construction. Interstate exit near casino. Opening soon, no franchisee transfer fee, no competition, top class features. $3,290,000. NEW LISTING! 44 Rooms, Independent, TN Metro Memphis, NO direct competing in 3.5 mile radius. pitched metal roof. Only 3.82 times GRM at $1.071 MM PRICE REDUCED! 19 Room Luxury Boutique Hotel IA Downtown location, beautiful views of Mississippi River, historic bldg.with luxurious guestrooms and owner’s condo; established restaurant, banquet hall. High ADR and upside potential. Now offered at $1,395,000. 800-669-1668, ext. 3794 Fax 216-706-3710 bolesinski@questex.com http://www.HotelMotel.com/digital_edition http://www.HotelMotel.com http://www.MBAHotels.com http://www.1bcr.com http://www.amberhc.com http://www.amberhc.com http://www.amberhc.com

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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