Hotel & Motel Management - June 16, 2008 - (Page 61) www.HotelMotel.com/digital_edition H&MM June 16, 2008 | HotelMotel.com Real Estate 61 The Donohoe Companies ARE YOU PREPARED FOR THE CAPITAL GAINS CHANGE? Full Service Real Estate Company Since 1884 Hotel Advisory Group • Exclusive Seller/Buyer Brokers FEATURED LISTING Licensed Real Estate Brokers FLORIDA (727) 447-8383 FAX: (727) 447-6533 Visit us on the web at:“www.gcdhotels.com” Just listed 132 units, newly flagged, highway location, limited service, central Florida location, many new improvements. 263 units, major franchise, full service with meeting rooms, restaurant, interstate location. 124 units in Central FL, franchise, interstate location, full service, 11.7% cap. 100 units, Tampa, interstate, Interior corridor, needs renovation, Asking $27,000 per unit. Up to 175 rooms. Hotel development site across from Mercy Medical Center WASHINGTON, DC 38 Rooms. Historic Boutique Hotel well located in Nation’s Capitol. $5.3M 46 Rooms. Historic Boutique Hotel well located in Nation’s Capitol. $7.3M VIRGINIA 124 Rooms. New Full Service Nat’l Franchise Hotel w/ Spa and Franchise Restaurant. $22M New 18 Hole Championship Golf Course next to this hotel. $10M Total Sale $32M. ALABAMA 63 Rooms. Urban. This Downtown Upscale Independent Hotel re-opened last June 2007 after major renovations. Revenues continue to increase since new capital improvements. Great Opportunity! $8M Downtown Baltimore, Maryland Donohoe Real Estate Services/ Hotel Advisory Group 2101 Wisconsin Ave. N.W. Washington, DC 20007 ph: (202) 333-0880 • fax: (202) 337-9740 www.Donohoe.com Bill Moyer, Director (202) 625-4153 billm@donohoe.com Charlotte Seale, Associate Broker (202) 625-4156 charlottes@donohoe.com Corporate Office 410-489-5900 Midwest Office 641-472-7475 Minneapolis, Minnesota 952-835-9575 Jeff Westgor or Chad Cooper New Listing! A unique opportunity in the picturesque resort area of Minnesota’s North Shore. Successful hotel along with a thriving property management operation perfect for an owner/operator or a husband and wife. Excellent cash flow. 60 ROOMS independent with potential to natl. franchise. Located in beautiful college town with an excellent quality of life. Hotel is in very good condition with no deferred maint. 46 ROOMS in resort setting, includes Indoor Pool, Meeting Room and Breakfast Room. Large spacious rooms and amenities help capture a strong rate. Current franchise provides less than 20% contribution so there is an opportunity to re-brand. 32 ROOMS franchised limited service, near popular recreational lake. Hotel has been a consistent performer and is in great condition. The property features a breakfast area, high speed wireless internet and a three bedroom living quarters. 160 Rooms, Franchise, AL Interior corridor, major Alabama market. NOI close to $600K. Asking $3,995,000 91 Rooms, Franchise, TN Excellent location, Memphis Metro, Revenues trending up over 1.14mil. Cap Rate 11.5%. $3,950,000 PRICE REDUCED! 90 Rooms, Franchise, KS Two-story, interior corridor, downtown location. Revenues trending up. Now offered at $1,695,000 NEW TWO HOTEL PORTFOLIO! Iowa 65 rooms, Franchise, IA – Built 1996, Interior Corridor, Pool, Major Renovations in last two yrs, Interstate Exit. Rev $800,000+. Asking $2,850,000 www.MBAHotels.com FEATURED PROPERTY NEW LISTING! 69 Rooms, Days Inn, NC Two story, interior corridor. Built as Sleep Inn in 1994. Great cash flow. Located in northwest NC. Offered at $2,250,000 44 Rooms, Econo Lodge, TN Great location at interstate exit. Two story exterior corridor Asking $1,125,000 PRICE REDUCED! 40 rooms, Branded, IA Spacious owners apartment. Near casino, college. Outdoor Pool. Asking $750,000 25 Rooms, Independent, MS All suite rental property conversion to motel. $1.9M INTERNATIONAL LISTINGS! Belize: 16 Rooms, Oceanfront hotel rebuilt in 2004. 78% occupancy. 12.96% Cap Rate. Offered at $2,500,000. Austria: 26 Rooms, upscale boutique hotel and spa. 2008. Asking 2,275,000 Euros. Turkey: 12 Suite boutique hotel. Built 2005. Beachfront on Mediterranean. 2,700,000 Euros. Brash Realty Co., Inc. 847-205-5600 www.brashrealty.com 56 rooms, Franchise, IA – Same exit as 65 IA above. Built in 1994; Interior Corridor, Beautiful Lobby and Pool Area, special handicapped rooms. Revenue $740,000+. Asking $2,385,000. NEW TWO HOTEL PORTFOLIO! Georgia 60 Rooms, Holiday Inn Express, GA – Built 1997 with full renovations in 2007. Only 1.5 hours from Atlanta metro. Offered at $4,400,000. With Comfort Inn same exit $7,525,000 package deal. 60 Rooms, Comfort Inn, GA – Two story interior corridor. Well maintained with outdoor pool. Revenue trending up. Same exit as above HI Express. Offered at $ 3,125,000 PRICE REDUCED! 58 Rooms, Super 8, PA Just 10 years old. Interior corridor with elevator and indoor pool. 10% cap rate on 2 yr NOI. Western PA location. Now offered at $3,400,000. Franchised Motel – 40 units – Wisconsin. 10.55% Cap Rate. Year-end 2007 room rev $645,675 - up $23,902 over same period 2006 Asking: $2,350,000 Franchised Motel – 42 units – IL. Year-end 2007 Room Rev $572,676 Asking: $2,000,000 Franchised Hotel – 54 units – Wisconsin. Year-end 2007 Room Rev $1,041,367, up $109,173 over same period 2006 Asking: $3,750,000 Independent Hotel – 94 units – Indiana. Cost per unit $32,143 Asking: $2,700,000 Franchised Hotel – 98 units – So. Dakota. Cost per un it $32,653, Cap Rate 13.51% Asking: $3,200,000 Franchised Hotel – 100 units – Wisconsin. Located in one of the most popular family and tourist destinations in the Midwest Asking: $2,900,000 Independent Hotel – 138 units – Nebraska. Cost Per Unit $11,957. Rm rev x2.8. Asking: $1,650,000 Franchised Hotel – 141 units – Illinois. Cost per unit $27,660 Asking: $3,900,000 Franchised Hotel – 201 units full service hotel – Illinois. Asking: $14,250,000 MBA Capital Funding - 410-489-7500 *Offering Hotel Financing and Capital Investment Advisory Services* http://www.HotelMotel.com/digital_edition http://HotelMotel.com http://www.Donohoe.com http://www.gcdhotels.com http://www.MBAHotels.com http://www.brashrealty.com
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