Hotel & Motel Management - March 3, 2008 - (Page 53) www.HotelMotel.com/digital_edition HotelMotel.com | H&MM March 3, 2008 Real Estate 53 Real Estate INDIANA MIDWEST HOT LIST 54 Rooms, Holiday Inn Express, Bluffton. 2 story, interior corridor, indoor pool, built in 1998, license expires 2011. Revenue $784,265. Price $2,800,000. 100 Rooms, Econo Lodge, Evansville. 2 story, exterior corridor. 2007 Revenue $694,860. Price $1,850,000. 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 62 Rooms, Super 8, I-77, Marietta. 3 story, interior corridor, built in 1988. 2007 Revenue $576,708. Price $2,050,000. 87 Rooms, Knights Inn, Dayton. Single story, exterior corridor, modular construction, managers apartment, absentee management. Revenue $560,061. Price $1,700,000. 89 Rooms, Holiday Inn Express, I-71, Columbus. 2 story, interior corridor, license expires 2011, absentee management. Revenue $1,393,602. Price $3,900,000. 107 Rooms, Tallyho-tel (Independent), I-77, Cleveland. Single story, exterior corridor, prefab construction, built in 1982, absentee management. Revenue $484,656. Price $1,500,000. 180 Rooms, Days Inn & Independent, I-75, Dayton. 2 adjoining hotels, exterior corridor, built in 1976. Revenue $763,102. Price $3,000,000. Corporate Office 410-489-5900 www.MBAHotels.com Midwest Office 641-472-7475 FEATURED PROPERTY Call or check our website for a complete list of our motels for sale. Baltes Commercial Realty, Ltd. Phone: 937-438-6700 Email: bcr@1bcr.com Website: www.1bcr.com 51 Rooms, Franchise, KY Near military base in Louisville, KY. Built in 2000, Over 14 % ROI, Ideal for owner operator. Offered at $1,695,000 NEW CONFIDENTIAL LISTING! 160 + Rooms, VA Mid rise interior corridor with solid masonry construction. Renovated to meet current brand standards, with a repositioning opportunity. Busy market, full service, built to stay competitive. Offered at $8,465,000 160 Rooms, Birmingham, AL Home to 7 thriving business districts, located near room night generating attractions. NOI close to $600K. Asking $4,450,000 124 Rooms Franchise, OH Interstate exit location with good visibility. Close proximity to state university. New development at exit. Offered at $2,750,000 106 Rooms, Tupelo, MS Near Toyota Plant and other demand generators. Great opportunity for an experienced hotelier to realize upscale potential. Offered at $2,800,000 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. Newly renovated lounge and restaurant, Revenues up 30% since 2005. Now offered at $1,950,000 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 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 Wondering where to find new customers? Look no further! Contact Brian Olesinski today to place your ad in NEW LISTING! 46 Rooms, Franchise, AL Comfort Inn scheduled to open 1st Q 2008. Interstate exit near casino. No franchise 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 $1,071,000 PRICE REDUCED! 19 Room Luxury Boutique Hotel IA Downtown location, beautiful river views, with an established restaurant and, banquet hall. High ADR and upside potential. Now offered at $1,395,000 Comfort Suites 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 $ 945,000 800-669-1668, ext. 3794 Fax 216-706-3710 bolesinski@questex.com http://www.HotelMotel.com/digital_edition http://HotelMotel.com http://hbihotels.com http://www.MBAHotels.com http://www.MBAHotels.com http://www.1bcr.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 - March 3, 2008 Hotel & Motel Management - March 3, 2008 Contents Embassy Suites Refreshes Look, Service F&B Concept Set to Take Off Conference Promises Perspective Letter to the Editor Legally Speaking Guest Column HSMAI Consultant's Corner On Finance Travel Trends Energy Star Update Trends & Stats Transactions Property Management Systems Carpet: Mixed Media Planting Greener Greens Transportation Vacation-Ownership Update Ad/Editorial Index Marketplace Classifieds Checking Out Hotel & Motel Management - March 3, 2008 Hotel & Motel Management - March 3, 2008 - Hotel & Motel Management - March 3, 2008 (Page 1) Hotel & Motel Management - March 3, 2008 - Hotel & Motel Management - March 3, 2008 (Page 2) Hotel & Motel Management - March 3, 2008 - Contents (Page 3) Hotel & Motel Management - March 3, 2008 - Conference Promises (Page 4) Hotel & Motel Management - March 3, 2008 - Conference Promises (Page 5) Hotel & Motel Management - March 3, 2008 - Letter to the Editor (Page 6) Hotel & Motel Management - March 3, 2008 - Letter to the Editor (Page 7) Hotel & Motel Management - March 3, 2008 - Guest Column (Page 8) Hotel & Motel Management - March 3, 2008 - Guest Column (Page 9) Hotel & Motel Management - March 3, 2008 - HSMAI (Page 10) Hotel & Motel Management - March 3, 2008 - HSMAI (Page 11) Hotel & Motel Management - March 3, 2008 - Consultant's Corner (Page 12) Hotel & Motel Management - March 3, 2008 - Consultant's Corner (Page 13) Hotel & Motel Management - March 3, 2008 - On Finance (Page 14) Hotel & Motel Management - March 3, 2008 - On Finance (Page 15) Hotel & Motel Management - March 3, 2008 - Travel Trends (Page 16) Hotel & Motel Management - March 3, 2008 - Travel Trends (Page 17) Hotel & Motel Management - March 3, 2008 - Energy Star Update (Page 18) Hotel & Motel Management - March 3, 2008 - Energy Star Update (Page 19) Hotel & Motel Management - March 3, 2008 - Trends & Stats (Page 20) Hotel & Motel Management - March 3, 2008 - Trends & Stats (Page 21) Hotel & Motel Management - March 3, 2008 - Trends & Stats (Page 22) Hotel & Motel Management - March 3, 2008 - Trends & Stats (Page 23) Hotel & Motel Management - March 3, 2008 - Trends & Stats (Page 24) Hotel & Motel Management - March 3, 2008 - Transactions (Page 25) Hotel & Motel Management - March 3, 2008 - Transactions (Page 26) Hotel & Motel Management - March 3, 2008 - Transactions (Page 27) Hotel & Motel Management - March 3, 2008 - Property Management Systems (Page 28) Hotel & Motel Management - March 3, 2008 - Property Management Systems (Page 29) Hotel & Motel Management - March 3, 2008 - Property Management Systems (Page 30) Hotel & Motel Management - March 3, 2008 - Property Management Systems (Page 31) Hotel & Motel Management - March 3, 2008 - Carpet: Mixed Media (Page 32) Hotel & Motel Management - March 3, 2008 - Carpet: Mixed Media (Page 33) Hotel & Motel Management - March 3, 2008 - Planting Greener Greens (Page 34) Hotel & Motel Management - March 3, 2008 - Planting Greener Greens (Page 35) Hotel & Motel Management - March 3, 2008 - Transportation (Page 36) Hotel & Motel Management - March 3, 2008 - Transportation (Page 37) Hotel & Motel Management - March 3, 2008 - Vacation-Ownership Update (Page 38) Hotel & Motel Management - March 3, 2008 - Vacation-Ownership Update (Page 39) Hotel & Motel Management - March 3, 2008 - Vacation-Ownership Update (Page 40) Hotel & Motel Management - March 3, 2008 - Vacation-Ownership Update (Page 41) Hotel & Motel Management - March 3, 2008 - Vacation-Ownership Update (Page 42) Hotel & Motel Management - March 3, 2008 - Vacation-Ownership Update (Page 43) Hotel & Motel Management - March 3, 2008 - Vacation-Ownership Update (Page 44) Hotel & Motel Management - March 3, 2008 - Vacation-Ownership Update (Page 45) Hotel & Motel Management - March 3, 2008 - Ad/Editorial Index (Page 46) Hotel & Motel Management - March 3, 2008 - Ad/Editorial Index (Page 47) Hotel & Motel Management - March 3, 2008 - Marketplace (Page 48) Hotel & Motel Management - March 3, 2008 - Classifieds (Page 49) Hotel & Motel Management - March 3, 2008 - Classifieds (Page 50) Hotel & Motel Management - March 3, 2008 - Classifieds (Page 51) Hotel & Motel Management - March 3, 2008 - Classifieds (Page 52) Hotel & Motel Management - March 3, 2008 - Classifieds (Page 53) Hotel & Motel Management - March 3, 2008 - Checking Out (Page 54) Hotel & Motel Management - March 3, 2008 - Checking Out (Page 55) Hotel & Motel Management - March 3, 2008 - Checking Out (Page 56)
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.