Hotel & Motel Management - September 1, 2008 - (Page 36) Real Estate H&MM September 1, 2008 | HotelMotel.com www.HotelMotel.com/digital_edition Real Estate INDIANA 100 Rooms, Econo Lodge, Evansville. 2 story, exterior corridor, built in 1978. 2007 Revenue $694,860. Price $1,850,000. 125 Rooms, Econo Lodge, I-70, Terre Haute. Single story, prefab modular construction, built in 1988, absentee management, managers apartment. 2007 Revenue $1,059,540. Price $2,500,000. OHIO 53 Rooms, Holiday Inn Express, I-75 North of Dayton. 2 story, interior corridor, indoor pool, built in 2000, absentee management, license expires August 2010. 2007 Revenue $1,042,066. Price $3,300,000. 58 Rooms, Rodeway Inn, Wooster. 2 story, interior corridor, indoor pool, built in 1993 as an AmeriHost Inn, absentee management. 2007 Revenue $546,594. Price $2,450,000. 68 Rooms, Super 8, Toledo. 2 story, interior corridor, built in 1998. 2007 Revenue $492,033. Price $1,800,000. 84 Rooms, Independent, Cincinnati. 2 story, brick, interior corridor, built in 1949. 2007 Revenue $681,746. Price $1,690,000. 107 Rooms, Independent, I-77, Cleveland. Single story, exterior corridor, prefab modular construction, built in 1982, absentee management, Seller financing. 2007 Revenue $423,142. Price $1,350,000. 119 Rooms, Days Inn, I-75, Sidney. 2 story, exterior corridor, absentee management. 2007 Revenue $608,969. Price $1,800,000. Call or check our website for a complete list of our motels for sale. MIDWEST HOT LIST Hotel Acquisition Opportunities Arizona Staybridge Suites & Holiday Inn Express, Glen dale: 116 & 96 guestrooms, Staybridge opens Aug. 2008, HI opened Feb. 2008, first class select service hotels, excellent location in Phoenix metro area; Mark Fasulo 310 651 3038. Colorado Quality Inn & Suites, Colorado Springs: 124 rooms, limited service, no PIP, $1.65M revenue, $5.7M ask; Larry Kaplan 303 267 0057 ext 113. Colorado Hawthorn Suites & Radisson, Longmont: 84 suites/210 rooms, prime location near Boulder and CU, near urban redevelopment, positive 2008 rev growth, rebranding potential; Mark Darrington 303 267 0057 ext 111. Colorado Hampton Inn, Louisville: 80 rooms, near Boul der and Univ. of Colorado, great highway location, high barriers to entry; Larry Kaplan 303 267 0057 ext 113. Delaware Brandywine Suites, Wilmington: 49 suites, located in heart of Wilmington CBD, strong market RevPAR growth, superior asset; Andrew Broad 212 551 1776. Illinois Country Inn & Suites, Matteson: 84 rooms, 25 miles from downtown Chicago near demand generators including two universities; Ted Anka 312 645 9010. Kansas Clarion Inn & Suites, Wichita: 182 rooms, full service, prime location off US 54 near Wichita Continental Airport, recently renovated, absentee ownership, significant upside potential, $5.5M ask; Steven Senft 310 651 3042. Maryland SpringHill Suites, Linthicum: 133 suites, min utes from BWI airport with shuttle, near attractions and D.C. area; Andrew Broad 212 551 1776. Missouri Holiday Inn Kansas City North, Kansas City: 165 rooms, excellent location near downtown & airport, recently renovated, positive growth, offered unencumbered by management; Jeff Preston 312 645 9010. Montana War Bonnet, Butte: 131 rooms, full service, located off Butte exit on I 90/15, opp to change to Quality Inn, $4.75M ask; Mark Darrington 303 267 0057 ext 111. Ohio Clarion Hotel, Columbus: 177 rooms, superior physi cal asset, significant discount to replacement cost, great location, near generators, $6M ask; Ted Anka 312 645 9010. Texas Hotel Sites, Houston/Clearlake: Interstate location adjacent to Baybrook Mall; Larry Kaplan 303 267 0057 ext 113. Virginia Comfort Inn I 95 Corridor, Richmond: Recently appraised at $9.3M, offered at $8.5M, room sales $2.65M; Andrew Broad 212 551 1776. Virginia Days Inn, Hampton: 144 unit, limited service hotel, great accessibility and visibility from Interstate 64, recently renovated; Andrew Broad 212 551 1776. Wisconsin Holiday Inn Express & Microtel Inn, Onalaska: Strong revenue growth, excellent highway location, 3.4 times room revenue; Larry Kaplan 303 267 0057 ext 113. Wisconsin Microtel Inn & Suites, Tomah: 60 rms, strong location at intersection of I 94 & I 90, excellent physical condition, growing market; Jeff Preston 312 645 9010. Baltes Commercial Realty, Ltd. Phone: 937-438-6700 Email: bcr@1bcr.com Website: www.1bcr.com Denver New York New Jersey Chicago Los Angeles Tampa Boca Raton Dallas Memphis Visit our website at www.hrec.com for complete listings! ORLANDO - DISNEY WORLD 10% Cap - Seller Financing Available Both properties are next to each other on 17 acres, across the street from Disney’s Celebration and two miles from Disney World. g g p Howard Johnson - 367 rooms - $16.5M Rodeway Inn - 200 rooms - $9.9M MUST SELL - MAKE OFFER 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 Please Email: harveyLV@aol.com, 813-376-4075 Harvey Estes, Exec Realty, LLC 77 ROOM DAYS INN High visibility, just off interstate. On 1 ½ SC acre. Turn-key for $2,850,000. United Country® 1-800-999-1020 Ext 195 www.unitedcountry.com/hotel GREAT MOTEL SW RESORT AREA: 120 rooms grossing 2 1/4 million Strong Food and Beverage Million NOI, Franchised Excellent Condition, Owner Retiring. George Smeltzer Real Estate, 155 Colorado Blvd., Denver, CO 80206. (303) 399-1182. SmeltzerMotels@gmail.com Inventory of other fine motels available. 9/1 CAPE MAY, NJ: Jersey Shore Beach Front Hotel 6 Stories, 93 Units, Restaurant & Bar w/liquor license. Well established family operation offered at $18,999,999. Century 21 Gilmartin & Co. 800-6485558 x16. AtlasCapeMay.com 9/1 80 UNIT MICROTEL INN & SUITES: San Antonio, TX Airport Property on busy US Hwy. 281 N., 4.5 miles north of airport on 1.91 acres. 3 yrs. old $5,200,000. Contact Ed @ 504-914-3084. No brokers please. 9/15 WI 42 ROOMS FRANCHISED: Gross up last 3 years. Projecting $750,000 for 2008. Indoor pool/ spa, lounge, romantic whirlpool and theme suites, large 2 bedroom managers apartment. Tourist area, excellent location, excellent condition. Asking $1,990,000.00. Call 608-326-8200 or 608-4122555. 9/1 “Exclusive Marketing Agents Representing Owners of Owners of Hotel Real Estate” “Exclusive Marketing Agents Representing Hotel Real Estate” Owners of Hotel Real Estate” LEISUR E Real Estate Advisors, L.L.C. 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 AUCTIONS leisurerealestate.com Kansas City - Lincoln, NE 913-894-5252 402-421-8014 Hotel For Sale - Sturbridge, MA 64 Rooms Quality Inn. Brick building, interior corridor. I84 & I90 junction. Boston area. Cell: 732-309-9366, Email: desaishah@yahoo.com AUCTION 203 Room Hotel/Conference Center with Adjacent Retail Center 18± Acres • Merrimack, New Hampshire LENDER ORDERED FORECLOSURE Date: Wednesday, September 17th at 11:00 a.m. On-Site This property was formerly known as the Merrimack Hotel & Conference Center, and had previously been flagged as a Hilton and Radisson. The Hotel was in the process of being reflagged and was in the midst of a major renovation project. There is a restaurant/lounge and 9,800± sq.ft. of meeting space. The site is located just off the Everett Turnpike at Exit 11. This area is experiencing tremendous growth and is just a short distance to the new exit under construction for the Boston Manchester Regional airport access road. An adjacent 6,078± sq.ft. three-unit strip center is also included. Paul McInnis, Auctioneer & Broker • Auction subject to all Terms of Sale. © 2008 SVN/PMI • Lic.#2089 Ref.#8SVN-06 For terms and a property information package go to www.svnauctions.com or call (603) 964-6103. Visit our website: www.HotelMotel.com Reserve a spot in HMM Classifieds Call Doug Kereszturi 800-669-1668 ext. 3794 R PAUL MCINNIS INCORPORATED ACCELERATED MARKETING DIVISION http://HotelMotel.com http://www.HotelMotel.com/digital_edition http://www.1bcr.com http://www.hrec.com http://leisurerealestate.com http://www.unitedcountry.com/hotel http://www.svnauctions.com http://AtlasCapeMay.com http://HotelMotel.com
Table of Contents Feed for the Digital Edition of Hotel & Motel Management - September 1, 2008 Hotel & Motel Management - September 1, 2008 Contents Element LEEDs Brand-wide Promise NABHOOD Speakers: Hold Rates Perspective Letters to the Editor Legally Speaking Satisfaction Trends AAHOA Update Energy Star Update Marketing Matters Events HotelWorld Update Trends & Stats Coffee Services Business Equipment Ad/Editorial Index Marketplace Classifieds Checking Out Hotel & Motel Management - September 1, 2008 Hotel & Motel Management - September 1, 2008 - Hotel & Motel Management - September 1, 2008 (Page 1) Hotel & Motel Management - September 1, 2008 - Hotel & Motel Management - September 1, 2008 (Page 2) Hotel & Motel Management - September 1, 2008 - Contents (Page 3) Hotel & Motel Management - September 1, 2008 - NABHOOD Speakers: Hold Rates (Page 4) Hotel & Motel Management - September 1, 2008 - NABHOOD Speakers: Hold Rates (Page 5) Hotel & Motel Management - September 1, 2008 - Letters to the Editor (Page 6) Hotel & Motel Management - September 1, 2008 - Letters to the Editor (Page 7) Hotel & Motel Management - September 1, 2008 - Satisfaction Trends (Page 8) Hotel & Motel Management - September 1, 2008 - Satisfaction Trends (Page 9) Hotel & Motel Management - September 1, 2008 - AAHOA Update (Page 10) Hotel & Motel Management - September 1, 2008 - AAHOA Update (Page 11) Hotel & Motel Management - September 1, 2008 - Energy Star Update (Page 12) Hotel & Motel Management - September 1, 2008 - Energy Star Update (Page 13) Hotel & Motel Management - September 1, 2008 - Marketing Matters (Page 14) Hotel & Motel Management - September 1, 2008 - Marketing Matters (Page 15) Hotel & Motel Management - September 1, 2008 - Events (Page 16) Hotel & Motel Management - September 1, 2008 - HotelWorld Update (Page 17) Hotel & Motel Management - September 1, 2008 - Trends & Stats (Page 18) Hotel & Motel Management - September 1, 2008 - Trends & Stats (Page 19) Hotel & Motel Management - September 1, 2008 - Trends & Stats (Page 20) Hotel & Motel Management - September 1, 2008 - Trends & Stats (Page 21) Hotel & Motel Management - September 1, 2008 - Coffee Services (Page 22) Hotel & Motel Management - September 1, 2008 - Coffee Services (Page 23) Hotel & Motel Management - September 1, 2008 - Coffee Services (Page 24) Hotel & Motel Management - September 1, 2008 - Coffee Services (Page 25) Hotel & Motel Management - September 1, 2008 - Business Equipment (Page 26) Hotel & Motel Management - September 1, 2008 - Business Equipment (Page 27) Hotel & Motel Management - September 1, 2008 - Business Equipment (Page 28) Hotel & Motel Management - September 1, 2008 - Business Equipment (Page 29) Hotel & Motel Management - September 1, 2008 - Ad/Editorial Index (Page 30) Hotel & Motel Management - September 1, 2008 - Ad/Editorial Index (Page 31) Hotel & Motel Management - September 1, 2008 - Marketplace (Page 32) Hotel & Motel Management - September 1, 2008 - Classifieds (Page 33) Hotel & Motel Management - September 1, 2008 - Classifieds (Page 34) Hotel & Motel Management - September 1, 2008 - Classifieds (Page 35) Hotel & Motel Management - September 1, 2008 - Classifieds (Page 36) Hotel & Motel Management - September 1, 2008 - Classifieds (Page 37) Hotel & Motel Management - September 1, 2008 - Checking Out (Page 38) Hotel & Motel Management - September 1, 2008 - Checking Out (Page 39) Hotel & Motel Management - September 1, 2008 - Checking Out (Page 40)
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