Hotel & Motel Management - September 3, 2007 - (Page 45)

www.HotelMotel.com/digital_edition HotelMotel.com | H&MM September 3, 2007 Real Estate 45 Real Estate INDIANA 54 Rooms, Holiday Inn Express Bluffton. 2 story, interior corridor, indoor pool, built in 1998. Revenue $784,265. Price $2,800,000. 98 Rooms, Mariann Travel Inn (Independent), I-65, Scottsburg. 2 story, exterior corridor, built in 1972 & 1979, ideal property to franchise. Revenue $724,073 plus restaurant leased for $60,000. Price $3,000,000. 100 Rooms, Econo Lodge, Evansville. 2 story, exterior corridor, built in 1978, completely renovated for over $1,000,000. Converted to Econo Lodge February 2006. Revenue $679,482. Price $1,850,000. MIDWEST HOT LIST OHIO 94 Rooms, Super 8, I-75, Dayton. 3 story, exterior corridor, built in 1985, new roof. Revenue $481,356. Price $1,500,000. 130 Rooms, Americas Best Value Inns, Southwest Ohio Tourist Area. Package of two properties, 88 rooms & 42 rooms, managers apartment plus a house, excellent condition. Revenue $1,150,673. Price $3,450,000. 148 Rooms, Quality Inn & Suites, Cincinnati. 8 story, interior corridor, built in 1968, 8,200 square feet of meeting space. Revenue $1,936,921 plus restaurant leased for $60,000. Price $6,000,000. 292 Rooms, Package of 4 Hotels Northern Ohio, Baymont Inn & Suites, 2 Comfort Inns & Suites and Microtel Inn & Suites, all three story, all interior corridor, built in 1999, 2000 & 2001, absentee management. Revenue $3,622,957. Price $12,500,000. Corporate Office 410-489-5900 www.MBAHotels.com Midwest Office 641-472-7475 FEATURED PROPERTY 86 Rooms, 2 Franchised Hotels New York PACKAGE: Two Hotels, Franchised (Adjoining) Two branded hotels side by side, only hotels at busy Interstate exit in upstate NY. Built in 2005 and 1995 (with major upgrade in 2005), both in top condition. Swimming pool, hi-speed internet, walking distance to major restaurants and shopping mall. $6,800,000 Call or check our website for a complete list of our motels for sale. Baltes Commercial Realty, Ltd. Phone: 937-438-6700 Fax: 937-438-6710 Email: bcr@1bcr.com Website: www.1bcr.com ORLANDO - DISNEY WORLD MUST SELL - MAKE OFFER Both properties are next to each other on 17 acres, across the street from Disney’s Celebration and two miles from Disney World. Howard Johnson - 367 rooms - $16.5M Rodeway Inn - 200 rooms - $9.9M 10% Cash on Cash Return 144 room Franchise WV—Under Contract Many recent renovations. Located near demand generators including the university, hospitals, and interstate highways in a strong and stable market. Offered at $4,400,000. 115 room Franchise MD Metropolitan Area Recently Renovated. Beautiful new lobby. Interior Corridor. Adjacent to restaurants. All the benefits and no hassle of major capital improvements. Offered at $3,600,000. 96 Room Days Inn, TN Interstate visibility with convenient access from exit. Two-story hotel located in the fourth largest metro area in Tennessee. Banquet facility, Jacuzzi suites and outdoor pool. Rising room revenue, motivated seller. $2,450,000 78 room Franchise IA Located on a major boulevard at one of the busiest exits in Iowa’s capital city. Offers large breakfast area, full-size pool and Jacuzzi, large meeting room and four storefront/office rental units for added income. Under-performing property needs new ownership. Offered at $2,495,000. 60 room Franchise IA Interstate 80 exit, prime metro area of Iowa. Many demand generators, business and sports. Exceptionally well maintained, new carpet, interior paint, and tile, indoor pool and jacuzzi, interior corridor, strong room revenue, priced to sell Offered at $2,100,000 55 room Franchise OK Performing property in sunny Oklahoma. Two stories, indoor pool, strong franchise and web reservations. Very nice condition, easy to manage, room rev $655,000 in 2006. Offered at $1,975,000 54 rooms, Franchise- MI Convenient location, two stories newly franchised. This attractive property is only 4 miles from the downtown area and 28 miles from Lake Michigan, no current punch list, Managers apt, two Jacuzzi Suites, and indoor pool. Offered at 1,925,000 51 room Franchise IA High-scoring franchise property has posted a $90,000+ increase in revenue over the last two years. The local market is over 100,000 strong and business is booming! Offered at $1,695,000 44 Room Econo Lodge, TN Highway exit at busy intersection in the Tri-Cities area. Two story building, well kept. Close to colleges, area attractions and Bristol Motor Speedway, an excellent revenue generator. Motivated seller $1,125,000. 40 room Franchise IA. Owner-friendly brand near new casino. Long-established family business with living quarters ideal for owner-operator. Many recent improvements. Annual revenue average of $367,000 over the past three years. 22 room Independent, NJ Three story, exterior corridor motel in New Jersey. Located on main route into town. One block to the beach and boardwalk. Large manager’s apartment. Offered at $1,900,000. 16 Room Independent Motel, CA Excellent starter property with 100% owner financing available, $225,000 down. Reliable cash flow from solid repeat customer base, including government contracts. Well maintained property with low operating costs. 18% capitalization rate. Reduced Price $720,000 Please Email: harveyLV@aol.com, 813-376-4075 Harvey Estes, Exec Realty, LLC For attractive 2007 pricing and schedules, contact Brian Olesinski at 800-669-1668 ext. 3794 bolesinski@questex.com http://www.HotelMotel.com/digital_edition http://HotelMotel.com http://www.MBAHotels.com http://www.1bcr.com

Table of Contents Feed for the Digital Edition of Hotel & Motel Management - September 3, 2007

Cover Contents Convention Centers Add Bells and Whistles Questex Media acquires Five Star Alliance Perspective At Your Risk Energy Star Update Sales Clinic Transactions Awards Trends & Stats Wireless Networking Northwest Pipeline Coffee Services Ad/Editorial Index Marketplace Classifieds Checking Out

Hotel & Motel Management - September 3, 2007

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