Hotel & Motel Management - October 15, 2007 - (Page 61)

www.HotelMotel.com/digital_edition HotelMotel.com | H&MM October 15, 2007 Real Estate 61 Corporate Office 410-489-5900 Midwest Office 641-472-7475 www.MBAHotels.com 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. 86 rooms, two franchised hotels (side-by-side) NY Two branded hotels, first hotels at busy Interstate exit in New York State. Built 2006 and 1995 (with major upgrades in 2006). Indoor heated pool, hi-speed Internet, walking distance to major restaurants and shopping mall. Occupancy 62%. Asking $6,800,000. FEATURED PROPERTY 78 room Franchise IA Located on a major boulevard at one of the busiest exits in Iowa’s Brazil – Resort Hotel acquisition opportunities capital city. Offers large breakfast area, full-size pool and Jacuzzi, large in Buzios and Rio areas. Ask for Elias DePaula. meeting room and four storefront/office rental units for added income. Under-performing property needs new ownership. Offered at 40 room Franchise IA. $2,495,000. Owner-friendly brand near new casino. Long-established family 60 room Franchise IA Interstate 80 exit, prime metro area of Iowa. Many demand generators, business with living quarters ideal for owner-operator. Many business and sports. Exceptionally well maintained, new carpet, interior recent improvements. Annual revenue average of $367,000 over the past three years. Make an Offer. paint, and tile, indoor pool and jacuzzi, interior corridor, strong room revenue, priced to sell Offered at $2,100,000 16 Room Independent Motel, CA 55 room Franchise OK- Under Contract Busy property in sunny Oklahoma. Indoor pool, strong franchise and web reservations. Very nice condition, easy to manage, room rev $655,000 in 2006. Up 9% in 2007, Offered at $1,975,000 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. • • • • • 5 Star Luxury Hotel Resort in Morocco 240+ Suites & rooms under development Acquisition, management, or joint venture First phase complete and operating Call Elisa Fritsch or Elias DePaula New Listings: 124 units in Central FL, franchise, interstate location, full service, 11.7% cap, asking $7,500,000. Sold: Licensed Real Estate Brokers 97 unit Comfort Inn, Tampa Bay area, just reduced, 11% cap. 74 units SW Florida, newly renovated, Interstate 75 location, MAKE OFFER. 80 units in North Florida, interstate location, limited service, $4,250,000. asking $4,495,000.00 115 units, located in Central Florida, now independent, ready to be franchised, $5,500,000.00. 118 units newly franchised in place with transfer agreement, priced to sell at $12,000,000. FLORIDA (727) 447-8383 FAX: (727) 447-6533 Visit us on the web at:“www.gcdhotels.com” 80 units, interstate location, North Florida 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 New Listing! 41 room National Brand Iowa Michigan, no current punch list, Managers apt, two Jacuzzi Suites, and A great property for a family owner-operator. Mixed interior and exterior corridor; large meeting room, breakfast room, and luxuriindoor pool. Offered at 1,925,000 ous 3-br. owner’s apartment on 2+ acres. Located one mile from 22 room Independent, NJ town center, nearby university and regional industry on busy Three story, exterior corridor motel in New Jersey. Located on main route into town. One block to the beach and boardwalk. Large manag- route. Many improvements, uptrend in revenues. Income for 2007 er’s apartment. Offered at $1,900,000. projected at $330,000. Offered at $899,000. Minneapolis, Minnesota 952-835-9575 Jeff Westgor or Chad Cooper 82 ROOMS including a variety of Leisure and Extended Stay Suites located in an award winning community near a 3 million MSA. Amenities feature a full service restaurant, leased out, flexible meeting space for groups up to 60, an Indoor Pool and underground parking. 79 ROOMS Two Interstate properties located in the same community. Revenues of $1 million combined. Opportunity for Owner who can benefit from the economies of scale and dual branding. Consistent performance last few years, financing available with regional lender. 60 ROOMS franchised limited service. Absentee Ownership, perfect opportunity for an experienced onsite owner. Only 90 miles from 3 million MSA. The exterior, lobby and breakfast area were renovated in 2005. The hotel is close to shopping, dining and retail stores. 46 ROOMS Franchised Tourist Destination location, in a beautiful setting with a view of Minnesota’s 3rd largest lake. Strong ADR and a new restaurant next door make this a unique opportunity for an onsite owner looking to add value in a newer hotel in a wonderful place. New Listing 2 hotels in Calypso Cay Lake Buena Vista South, Orlando, Florida Country Inn & Suites AmeriSuites Scoggin Blue LLC New Mexico - Austin - Dallas 505-523-7421 FAX: 505-524-3699 www.scogginblue.com 199 Units Ltd. service franchise, 2 Major interstates, priced at only $5,000,000 Cash. 126 Unit Days Inn, Laredo, TX. $8,350,000, grossing approx. $2,300,000 located on IH-35 in one of the fastest growing markets in US; also includes income from fully leased restaurant not shown in the gross above. 62 Units HIE, Major Metro NM market. Priced at $6,000,000 Cash. 46 Units ABVI off I-40. Ext. corridors on Rt.66, 4 bdrm apt., outdoor pool. $525,000 Cash. 24 Unit Renovated Inn close to I-40 East NM on Rt. 66, 2 bdrm apt., pool, $250,000. ATLANTA OFFICE 404-355-0880 www.hunterhotels.net VIRGINIA OFFICE 703-425-1513 Bob Hunter • Teague Hunter • Lee Hunter Kyle Stevenson • Warner Smith http://www.HotelMotel.com/digital_edition http://HotelMotel.com http://www.MBAHotels.com http://www.MBAHotels.com http://www.gcdhotels.com http://www.gcdhotels.com http://www.hbihotels.com http://www.hbihotels.com http://www.hunterhotels.net http://www.hbihotels.com http://www.scogginblue.com http://www.scogginblue.com http://www.hunterhotels.net http://www.hbihotels.com http://www.hbihotels.com

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Hotel & Motel Management - October 15, 2007 Contents Concord Sets Goal to Double Portfolio Leaders: Budgetel Brand Off and Running Pension Funds Put More Capital Into Hotels Perspective Letter to the Editor At Your Risk Consultant's Corner Sales Clinic On Finance Guest Column Trends & Stats Industry Leaders Say Healthy Times Will Continue Eco-Concious Hotels Looks for Certification Events Removing Chemicals, Suds from Housekeeping Products Handhelds Help Track Safe Activity People on The Move Awards Transactions Supplier News Ad/Editorial Index Bath Trends Marketplace Classifieds Checking Out

Hotel & Motel Management - October 15, 2007

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