Hotel & Motel Management - July 21, 2008 - (Page 48)

48 Real Estate H&MM July 21, 2008 | HotelMotel.com www.HotelMotel.com/digital_edition HN Huff, Niehaus & ASSOCIATES INC. Corporate Ofﬁce 410-489-5900 Midwest Ofﬁce 641-472-7475 HBI Regional Broker 2006, 2005, 2004, 2001 & 1998 • OH – 90+ Rm – Hilton Brand. Seven years new. Metro location with major corporate & leisure generators. 100,000+ cars on Interstate. Rm Rev $2.0MM. Offering price $7.9MM. • KY – 140 Rm FS, Nat’l Franchise, Airport & Interstate location. Near 100+ acre Class “A” Ofﬁce Development. Rm Rev. $1.12MM. New Reduced Price. • IN – <70 Rms Limited Service. Interior Corridor. Nat’l Franchise. Metro Interstate. 8 years new. Offering only $2.1MM. • IN – 100+ Rm Independent, franchisable. Indoor pool. TTM Room Revenue $883K. New parts plant w/300+ workers coming 2008. Great upside. Price $2.4MM. • OH – 100+ Rm Franchise Airport, Interstate. 40+ restaurants, major retail. Franchise options. Room Revenue $790K. Offered <$26K/key. • OH & MI – 105+ Rms National franchise. Interstate, metro, corporate locations. Good Rm Rev. Corporate owner. Renovations mean increase REVPAR. Prices $2.8MM to $3.35MM. • IN – Quality Inn Ltd. Svc. Renovated for automatic transfer with new bedding package and new equipment in 2007. Make an offer. • OH – 100 Rm FS Nat’l Franchise. Interior Corridor. Rm Rev $1.9MM. Offer $59K per room. 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 90 Rooms, Franchise, KS Two-story, interior corridor, downtown location. Revenues trending up. Now offered at $1,695,000 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 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 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. 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 Individual Member Huff, Niehaus & Associates Inc. www.MBAHotels.com FEATURED PROPERTY NEW LISTING! 66 Rooms, Franchised, VA Located near multiple demand generators. Room for growth. Offered at $2,675,000. 58 Rooms, Super 8, PA Revenue up in 2008! Just 10 years old. 2 story, interior corridor with elevator and indoor pool. Interstate location. Offered at $3,400,000. 40 rooms, Franchised, IA Spacious owners apartment. Near casino, college. Outdoor Pool. Asking $750,000 41 Rooms, Independent, NY Steady revenue from unique ﬁshing lodge. 12.1% Cap Rate. Includes 3 bdrm home. $875,000 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. Renovated 2008. Asking 2,275,000 Euros. Put our 110% effort to work for your successful sale! Serving Lenders and Hospitality Industry for 33 years. www.huffniehaus.com 502-254-7787 MBA Capital Funding - 410-489-7500 *Offering Hotel Financing and Capital Investment Advisory Services* Washington DC — October 8 Dallas — November 5 Hotel Investor’s Marketplace Experience a unique conference designed for hotel investors Meet with the industry’s most experienced brokers, lenders and franchisors Review HBI’s inventory of exclusive hotel listings Gain insight into hotel investments Network with top industry leaders Email info@hbihotels.com or call 816.505.4315 Independent hotel in the Texas Hill Country, only 1 hr from San Antonio Asking Price: $2,750,000 58-room franchised hotel in West Texas, $1.2 million in Room Revenue Asking Price: $3,500,000 77-room La Quinta Inn & Suites under construction near Dallas Asking Price: $6,900,000 Brock Hotel Group 1452 Hughes Road, Suite 200, Grapevine, TX 76051 817-410-5731 (phone) • 817-410-5757 (fax) info@brockhotelgroup.com • http://www.brockhotelgroup.com 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. Optimum Hotel Brokerage Check Our Exclusive Listings on WWW.OPTIMUMBROKERAGE.COM Phone: 215-572-7711 joe@optimumbrokerage.com 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. http://HotelMotel.com http://www.HotelMotel.com/digital_edition http://www.huffniehaus.com http://www.MBAHotels.com http://www.brockhotelgroup.com http://www.hbihotels.com http://www.OPTIMUMBROKERAGE.COM

Table of Contents Feed for the Digital Edition of Hotel & Motel Management - July 21, 2008

Contents Larkspur Hotels Branch Out with New Brand Starwood’s C.E.O. Maps Out Journey New Brand Leaders Share Hits, Misses Perspective Letters to the Editor Legal FAQ Training Trends Sales Clinic HotelWorld Update Trends & Stats Special Report: 2008 Construction Companies Survey Guest Column Events Technology: Telephones Hotel Operations: Building Exterior Design: Televisions Transactions Awards Hot Products: Mattresses Supplier News Ad/Edit Index Marketplace Classifieds Checking Out Hotel & Motel Management - July 21, 2008

Hotel & Motel Management - July 21, 2008

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