Hotel & Motel Management - May 5, 2008 - (Page 56)

Real Estate H&MM May 5, 2008 | HotelMotel.com www.HotelMotel.com/digital_edition Real Estate INDIANA 49 Rooms, Quality Inn & Suites, I-69, Anderson. 3 story, interior corridor, indoor pool, built in 1999, absentee management, managers apartment, completely renovated. 2007 Revenue $719,970. Price $2,620,000. 74 Rooms, Comfort Inn & Suites, Goshen. 3 story, interior corridor, indoor pool, built in 1997, currently a Holiday Inn Express. Seller will deliver with a Comfort Inn & Suites franchise, no PIP for Buyer. 2007 Revenue $1,503,388. Price $4,200,000. 125 Rooms, Econo Lodge, I-70, Terre Haute. Single story, modular construction, built in 1988, absentee management, managers apartment. 2007 Revenue $1,059,540. Price $2,800,000. IOWA 63 Rooms, Rodeway Inn, Mt. Pleasant. 2 story, interior corridor, indoor pool, built in 1997 as an AmeriHost Inn. Comfort Inn will franchise. 2007 Revenue $609,017. Price $2,375,000. OHIO 40 Rooms, Americas Best Value Inn, Southwest Ohio. 2 story, exterior corridor, built in 1990, completely renovated in 2006, managers apartment, absentee management. Revenue $427,307. Price $1,400,000. 58 Rooms, Rodeway Inn, Wooster. 2 story, interior corridor, indoor pool, built in 1993 as an AmeriHost Inn, Comfort Inn will franchise, absentee management. 2007 Revenue $546,594. Price $2,450,000. 119 Rooms, Days Inn, I-75, Sidney. 2 story, exterior corridor, absentee management. 2007 Revenue $608,969. Price $2,000,000. Call or check our website for a complete list of our motels for sale. MIDWEST HOT LIST FEATURED PROPERTY Comfort Suites, SouthWest Florida $5,900,000 Interior Corridor • 60 Suites Excellent Infrastructure Quality Strategic Location Signiﬁcant ADR & OCC FLORIDA LISTINGS Holiday Inn Airport: 135 units. Full service, Int. corridor. New construction! Opening 2008. Airport location. Close to an International Convention Center. $21,000,000 Hampton Inn: 108 units. Ltd service, Int. corridor. Minutes to Orlando theme parks. High ADR and upside potential. $16,000,000 Ramada Inn & Suites: 168 units. Full service, Int. corridor. Minutes to Orlando Airport. Close to all attractions in Orlando. $9,400,000 Comfort Inn & Suites: 118 units. Ltd service, Int. corridor. Newly renovated. Near beaches and entertainment. $9,300,000 Best Western: 120 units. Ltd service, Ext. corridor. Recently renovated. Minutes from Orlando theme parks. $6,700,000 Quality Inn & Suites: 127 units. Ltd service, Ext. corridor. Minutes from beaches. Cap Rate 10%. $6,400,000 Quality Inn & Suites: 147 units. Ltd service. Ext. corridor. Newly renovated, property opened in late 2006. Great upside. $6,200,000 Quality Inn: 132 units. Int. corridor. Off major Interstate. Restaurant/Lounge on site. $5,600,000 Holiday Inn Express: 60 units. Ltd service, Int. corridor. Easily accessible to major Interstate. $5,200,000 Holiday Inn Express: 55 units. Ltd service, Int. corridor. Great upside. Off major Interstate. NO PIP. $3,900,000 Howard Johnson: 200 rooms. Ltd service, Ext. corridor. Minutes from Ybor City and downtown Tampa. $4,800,000 Howard Johnson: 98 units. Ltd service, Int. corridor. Newly renovated. Strategic location. $3,900,000 Sleep Inn & Suites: 48 units. Ltd service. Int. corridor, opened in 2006. I-4 location. Near Gulf beaches. $3,900,000 Baltes Commercial Realty, Ltd. Phone: 937-438-6700 Email: bcr@1bcr.com Website: www.1bcr.com Hotel Acquisition Opportunities Colorado Ski Resort Area Hotel, Frisco: 217 guestroom Holiday Inn, full service, Interstate 70 location, 4.4 acres; Larry Kaplan 303 267 0057 ext 113. Colorado Ski Resort Town Development Site: 6.19 Acres in downtown Winter Park, mixed use, hotel or condo poten tial uses, $5.9M ask; Mark Darrington 303 267 0057 ext 111. Colorado Sheraton Denver Tech Center, Englewood: 262 guestrooms, strong corporate location and Interstate 25 visibility; Larry Kaplan 303 267 0057 ext 113. Colorado Best Western The Academy Hotel, Colorado Springs: 200 rooms, strong brand affiliation, located near USAF Academy; Larry Kaplan 303 267 0057 ext 113. Kansas Candlewood Suites: 83 suites, newly opened 2007, outstanding cash flow, great lodging market, near several demand generators; Nick DePaolo 312 645 9010. Louisiana Newly Renovated Full service Hotel, Baton Rouge: 132 rooms, strategically located near LSU and downtown, solid market; Peter Laack 813 635 0600. 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 rooms, strong top line revenues, excellent hwy location 4 mi. from down town Minneapolis, 10 cap; Nick DePaolo 312 645 9010. Missouri Nationally Branded Hotel, Branson: 150+ rooms, well maintained & managed, ideal location in enter tainment district; 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 area demand generators and downtown Omaha, 3.55 x grr; Ted Anka 312 645 9010. New Jersey Clarion Collection, Hackettstown: 99 rooms, strong performance, within 1 hour from Newark Airport, full service restaurant; Frank Fusco 212 551 1777. Ohio Quality Inn, Marietta: 120 guestrooms, newly reno vated, increasing revenues, excellent Interstate 77 accessi bility 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; 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 rooms, historic location, strong highway positioning along I 95, offered at less than replacement cost; Andrew Broad 212 551 1776. Wisconsin Pabst Brewery Redevelopment, Milwaukee: Opportunity to acquire development sites within Pabst Brewery Redevelopment; Jeff Preston 312 645 9010. For more details and packages please contact: Julian Mazili @ (813) 868-1880 or email us at info@mazilihotelgroup.com www.mazilihotelgroup.com South Florida Hotel Specialists South Beach Full Service Hotel • 80 Rooms and Suites, Extra Nice Renovations • Beautiful Lobby, Bar & Restaurant License • Private Garden Area, potential Terrace Café • Steps to Lincoln Road Mall & Ocean front Dream SOBE Hotel which is BANKABLE! OCEAN DRIVE Full Service Hotel • 80 Ultra-Luxury Rooms and Suites • Prime Location, New Construction • Retail & Restaurant Commercial Units • Rare Parking Garage Asset Solid Investment, NNN INCOME! Denver New York New Jersey Chicago Los Angeles Tampa Boca Raton Dallas Memphis 80 Room SOUTH BEACH Hotel • Spacious Lobby with Bar • Potential Restaurant & Terrace Cafe • Retail Outlets and Cell Site Income • Off Street Parking, Steps to Lincoln Road Fort Lauderdale Beach • Full Service 67 Unit, Exterior Corridor • Large Pool with outdoor lounge area • Restaurant 200 Seats w/bar • Suited for Mid-Level F&B Franchise Visit our website at www.hrec.com for complete listings! “Exclusive Marketing Agents Representing Owners of Owners of Hotel Real Estate” “Exclusive Marketing Agents Representing Hotel Real Estate” Owners of Hotel Real Estate” g g p Location, Location, Location Spring Break will never be the same! E-Mail: MichaelLitsky@Keyes.com 47 Years of Business! LEISUR E Real Estate Advisors, L.L.C. Tony Ulloa, 305-790-5511 E-Mail: Ulloatony@aol.com Michael Litsky, 305-898-2441 LEISUR E HOTELS FOR SALE Review our Listing Portfolio at R e a l E s t a t e A d v i s o r s , L . L . Cwww.leisurerealestate.com . Email: info@leisurerealestate.com 716-854-4000 Hotel-Realty.com HOTEL FOR SALE - Flagged, 238 rooms, restaurant, bar, liquor license, pool. Suites and efﬁciencies. Business center. Conference rooms. Great location in Sarasota/Bradenton, FL. $5,750,000 Jim Russell; jim@jamesarussell.com Russell Realty Company, 941-921-0391. 5/5 130 ROOM 2 STORY - independent in Charlotte, NC. Recently remodeled, can be franchised. 2.9 x 2007 Gross, $2.8 mil. 20,800 per room Revenue up from 2006, Great NOI 928-453-6665. 5/5 43 units, meeting room & 2 BR, 1 BA living qtrs. On US hwy in busy AR tourist town. $1,700,000. United Country® 1-800-999-1020 Ext 195 www.unitedcountry.com/hotel DAYS INN SOUTHEAST INTERNATIONAL HOTEL BROKERS (417) 865-2520 www.southeastinternational.com HOSPITALITY IS OUR ONLY BUSINESS! leisurerealestate.com Kansas City - Lincoln, NE 913-894-5252 402-421-8014 See our current listings at: YOUR AD COULD BE HERE! CALL BRIAN OLESINSKI: 800-669-1668 ext 3794 http://HotelMotel.com http://www.HotelMotel.com/digital_edition http://www.mazilihotelgroup.com http://www.mazilihotelgroup.com http://www.1bcr.com http://www.hrec.com http://www.hrec.com http://www.mazilihotelgroup.com http://www.hrec.com http://hotel-realty.com http://hotel-realty.com http://leisurerealestate.com http://www.southeastinternational.com http://www.unitedcountry.com/hotel

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Hotel & Motel Management - May 5, 2008 Contents Pipeline Favors Established Companies 3 Palms Debuts in Upscale Tier Guests Want Reward Options Perspective Legally Speaking Marketing Matters Consultant’s Corner On Finance What Women Want Maintenance Doctor Trends & Stats Special Report: Top Hotel Brokers Design: Tune Into Music Programs Hot Products: PTACs On the Block: Silver Lining in Bleak Hotel Sales Market Events Transactions Supplier News Consumer Insight: The Importance of Creature Comforts When Traveling Ad/Editorial Index Marketplace Classifieds Checking Out

Hotel & Motel Management - May 5, 2008

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