Hotel & Motel Management - October 6, 2008 - (Page 68)

Real Estate H&MM October 6, 2008 | HotelMotel.com www.HotelMotel.com/digital_edition Real Estate INDIANA 54 Rooms, Holiday Inn Express, Bluffton. 2 story, interior corridor, indoor pool, built in 1998, Holiday Inn license expires 2011, managers apartment. 2007 Revenue $802,353. Price $2,800,000. 74 Rooms, Quality Inn, I-64, Evansville. 3 story, interior corridor, indoor pool, built in 2000, absentee management. 2007 Revenue $671,220. Price $2,500,000. KENTUCKY 100 Rooms, Travel Inn (Independent), Paducah. 2 story, exterior corridor, managers apartment, owner financing. 2007 Revenue $510,980. Price $1,500,000. MICHIGAN 61 Rooms, National Flag, Grand Rapids. 2 story, interior corridor, indoor pool, absentee management. Revenue $648,397. Price $2,310,000. OHIO 73 Rooms, Arcadia Residential Suites (Independent), I-75, Cincinnati. 3 story, interior corridor, indoor pool, all suites, built in 2003, mis-managed property, national extended stay flags are interested in licensing the property. Price $3,800,000. 112 Rooms, Knights Inn, I-75, Cincinnati. Single story, modular construction, built in 1969, excellent location. 2007 Revenue $987,540. Price $3,000,000. 119 Rooms, Days Inn, I-75, Sidney. 2 story, exterior corridor, 20 years old, absentee management. 2007 Revenue $608,969. Price $1,600,000. 150 Rooms, Holiday Inn, I-70. 2 story, interior corridor, built in 1973, holidome, 9,000 sq. ft. of meeting space, Holiday Inn license expires April 2010, PIP is completed. 2007 Room Revenue $1,897,174. 2007 Total Revenue $2,389,731. Price $3,850,000. Call or check our website for a complete list of our motels for sale. MIDWEST HOT LIST Ǧ ƒ Ǧ Ǧ ǦǦ ƒ Ǧ ǦǦ ƒ ǦǦ ƒ Ǧ ǦǦ ƒ ǦǦ ƒ Ǧ Ǧ ƒ Ǧ ǦǦ ƒ Ǧ ǦǦ ƒ Ǧ Ǧ ƒ Ǧ Ǧ Ǧ ƒ ǦǦ ƒ Ǧ ǦǦ ƒ Ǧ ǦǦ ƒ ǦǦ ƒ Ǧ Ǧ Ǧ Ǧ Baltes Commercial Realty, Ltd. Phone: 937-438-6700 Email: bcr@1bcr.com Website: www.1bcr.com ƒ ƒ ƒ ƒ ƒ ƒ ƒ ORLANDO - DISNEY WORLD 10% Cap - Seller Financing Available Howard Johnson - 367 rooms - $16.5M Rodeway Inn - 200 rooms - $9.9M MUST SELL - MAKE OFFER AUCTIONS REAL ESTATE AUCTION / OCT. 28 Please Email: harveyLV@aol.com, 813-376-4075 Harvey Estes, Exec Realty, LLC “Exclusive Marketing Agents Representing Owners of Owners of Hotel Real Estate” Both properties are next to each other on 17 acres, across the street from Disney’s Celebration and two miles from Disney World. “Exclusive Marketing Agents Representing Hotel Real Estate” Owners of Hotel Real Estate” g g p 120-ROOM FORMER HOWARD JOHNSON HOTEL LEISUR E $$/2'))$ x x x x x x x "01!) "01!) !- !0$ $!./ )# $#.,,* &.4/ -0 0.,+& $*!+# $+$.!0,./ 1$/0 ,,*/ !($ %%$./ .$$. $$ 333 /2+ ",* Real Estate Advisors, L.L.C. LEISUR E VISTA HOTEL 83-ROOMS ON 12± ACRES Interstate 80, Exit 71 Perrysburg (Toledo), Ohio OWNERS DIRECT IMMEDIATE SALE OPENING BID: $685,000 VISTA HOTEL: 3484 Hanley Road, Perrysburg, (Toledo) OH 43551, fronting E. side of recently re-opened I-280 to Detroit at I-80, Exit 71. AMENITIES: 83-Room Hotel in operation with 41 Kings and 42 Double-Doubles built as Ramada Limited. Part of Advantis Hospitality Alliance Franchise System. Features: free wireless internet; hospitality room; meeting room; business center; & pet friendly. 6,950 SF separate former bar & restaurant building, needs renovation. Plus Four / One Bedroom apartments in two buildings on-site for Manager and/or Rental. BUSINESS OPPORTUNITY: Opportunity to (1) Upgrade; (2) Expand; (3) Re-Franchise; or (4) further develop 12± Acres directly on Interstate. ON-SITE INSPECTIONS: Oct. 8, 15, & 22 from 11 A.M. to 1 P.M. & Oct. 27 from 3 P.M. to 5 P.M. Ft. Wayne, Indiana at Interstate 69, Exit 109A 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 OUT OF STATE LENDER DIRECTS SALE PUBLISHED RESERVE PRICE: $495,000 FORMER HOWARD JOHNSON: 3527 W. Coliseum Blvd., Ft. Wayne, Indiana 46808. Over 6.36 Acres near Interstate-69, Exit 109A. AMENITIES: 120-Rooms formerly operated as Howard Johnson & then Relax Inn & Suites until being closed by lender in 2007. Nearly 90% of furnishing & fixtures still intact. Features include: outdoor pool; 600 sq. ft. of meeting space; 600 SF of exhibit space; some rooms with kitchenettes; plus ample truck parking. BUSINESS OPPORTUNITY: About $4,000 per key to acquire hotel facility at key intersection. Buy at your Price at Auction! ON-SITE INSPECTIONS: Oct. 7, 14, 21 & 27 from 11 A.M. to 1 P.M. leisurerealestate.com Kansas City - Lincoln, NE 913-894-5252 402-421-8014 PRICE REDUCED Ontario/LA-area/Tucson/Flagstaff/Grand Canyon Moderate Service Hotels. Interstate/Mall/Corporate. Top Locations. Fast 1031. Pamela Barnhill or Marc Berg, pbarnhill@innsuites.com, 602.944.1500 (ofﬁce) or 602.690.7603 (cell). Packages and P&Ls on www.rareearthdev.com 11/3 RESPONSIBLE, HARD-WORKING COLLEGE GRADUATE with hospitality experience and strong interest in the hotel/motel industry seeks mentor. Please call Charles O’Connor at (212) 677-7956. 10/20 ATLANTA AIRPORT INDEPENDENT franchisable motel. 200+ units Kings Inn @ I-75/I-285. Spacious and beautiful owners apartment. Major renovation last year. Revenue trending up. Well maintained two story outdoor corridor with outdoor pool. Offered at $2,650,000. Call 678-557-5135. 10/20 5220 027(/ 7XUQ NH\ EL] Z OLYLQJ TWUV RQ EXV\ 86 KZ\ 2Q $5 DFUH 2ZQHU ¿QDQFLQJ 8QLWHG &RXQWU\ ([W ZZZ XQLWHGFRXQWU\ FRP KRWHO AUCTION DATE: Tuesday, October 28, 2008 - 1:00 P.M. Crowne Plaza Cleveland Airport Hotel — 7230 Engle Rd., Middleburg Hts., OH For Brochure, Terms of Sale & Bid Packet Call 216-360-0009 CHARTWELL AUCTIONS / CHARTWELL GROUP, LLC / Gordon Greene, OH R.E. Broker & Auc. / IN AU01044578 www.HotelMotel.com Visit our website: YOUR AD COULD BE HERE! CALL DOUG KERESZTURI: 800-669-1668 ext 3794 http://www.HotelMotel.com http://www.HotelMotel.com/digital_edition http://www.1bcr.com http://www.hrec.com http://www.svn.com http://www.leisurerealestate.com http://www.rareearthdev.com http://www.unitedcountry.com/hotel http://www.HotelMotel.com

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Hotel & Motel Management - October 6, 2008 Contents NYLO Brands Mix Up Lifestyle Segment La Quinta Eyes Mexico, Canada for Growth Perspective Legally Speaking Marketing Matters Satisfaction Trends Maintenance Doctor HotelWorld Update Trends & Stats Independent Hotels Top Hotel Multiunit Owners and Developers Survey Cleaning & Maintenance Music Wallcoverings Supplier News Transactions Softgoods: Bedding & Linens People Events Ad/Editorial Index Marketplace Classifieds Checking Out

Hotel & Motel Management - October 6, 2008

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