Hotel & Motel Management - November 17, 2008 - (Page 45) www.HotelMotel.com/digital_edition H&MM November 17, 2008 | HotelMotel.com Real Estate 45 Corporate Office 410-489-5900 Midwest Office 641-472-7475 www.MBAHotels.com NEW LISTING! 144 Room Franchise MD Int. Corridor. Near outlet mall, I-70 & I-81. Completely renovated 2008. $8,975,000 REDUCED PRICE! 142 Rooms, Days Inn PA 12.7% Cap Rate and 3x Room Rev! 2 story, interior corridor, Hwy exit. Near Universities, Med Center, Amusement Park. 2007 Rev $1.36M $4,250,000. TWO HOTEL PACKAGE! 120 rooms, IA Mid market interior hotels at same exit. Both under 15 yrs old. Includes 1 acre commercial land. Total Room Revenue 1.6 M. Offered at $5,600,000 NEW LISTING! 103 Rms, EconoLodge Marion, IL Recently renovated, multi story, interior corridor, indoor pool, elevators. Busy town, 1.5 hrs from St. Louis. Offered at $2,100,000 NEW LISTING! 97 Rms, Comfort Inn, MS Well positioned strong performer. $1.15 M revenue, 11% CAP rate. Demand generators nearby include regional health center and office park. $3,995,000 NEW LISTING! 63 Rms, Sleep Inn Under construction in downtown Baltimore, MD. Delivery set for Sept. 2009. Asking $8,500,000 59 rooms, Franchise, IA Recently rebranded. Hwy exit. Larger metro area. $300k+ Room Revenue. Offered at $995,000. 54 Rooms, Independent, IA Impeccably-maintained ext. corridor, near highway. Ethanol plant nearby under construction. TTM Room Revenue $400k and climbing. $995,000. FEATURED PROPERTY Serving lenders and the hospitality industry for 33 years Featured Properties KY – 135 rm full or limited service national franchise, airport & two interstate locations. Minimal PIP. Great upside. Room revenue $1.12MM. Price $3.4MM. WV – 150+ rm Days Inn. Very good condition with 2008 improvements. On I-64. NOI $600K on room revenue $1.35MM. Price $4.15MM. In cooperation w/ MBA Hotel Brokers. PA – 100+ rm FS, independent, 10+/–acres. Great upside. Golf course adjacent. Seller nancing for quali ed buyer w/20% down pymt. Rm. rev. $700+K. Price $1.95MM. In cooperation w/Optimum Hotel Brokers. OH – 90+ rm Hilton brand. 7 years new, metro location with major corporate & leisure generators. 100,000+ cars on interstate. Room revenue $2.0MM. Price $87.7K/room. Under Contract. IN – 100+ rm Indoor pool. 9.0+ acres. New market generator. Great upside. Price $2.4MM. IN – uality Inn limited service. Renovated for auto transfer w/new bedding package & new equipment in 2007. Price <$21K/room. NEW LISTING! South Central PA 40 Rms Franchised Inn & Suites. Built in 2007, Revenue still climbing. $ 3,850,000 43 Rooms, Independent, TN Hwy exit at busy intersection in Tri-Cities area. 2 story, well kept. Near colleges, area attractions and Bristol Motor Spdway. $1,025,000 NEW LISTING! 20 Rms, Independent, VA New build All Suite hotel, Opened Sept. 2008. Beach resort area. $500k projected 2009 revenue. Offered at $1,980,000. Hilton Product Hotel Site, VA 8+/-acres well situated off I-66 in northern Virginia, this 300+room Hilton brand project will be fully entitled in 2009. Open in time for the next expansion market. Offered at $8,000,000. Land Site, 86 Rms Holiday Inn Express, MD 5 acres near Baltimore beltway. $2,200,000 Individual Member 502-254-7787 hu niehaus.com HBI Regional Broker – 2006, 2005, 2004, 2001, & 1998 MBA Capital Funding - 410-489-7500 *Offering Hotel Financing and Capital Investment Advisory Services* EXCLUSIVE HOTEL/MOTEL REALTOR SINCE 1954 Toll Free: 877-700-7950 www.milmark.com WISCONSIN 132 UNITS: Historic Landmark Full Service Hotel. 55 UNITS: Full service resort in pristine setting. 36 UNITS: Limited service franchised property. 35 UNITS: Resort property on water. 21 UNITS: Independent limited service property. 13 UNITS: Motel and established café business in resort area. $2,800,000 $8,000,000 $1,399,000 $2,400,000 $260,000 $1,240,000 Brash Realty Co., Inc. 847-205-5600 www.brashrealty.com Independent Hotel – 94 units – Indiana. Room revenue generators in the area include: government agencies, nearby businesses and a University. A new owner should devise a marketing plan to include extensive advertising and direct sales calls. Year-to-date 2008 room revenue through August compared Asking: $2,700,000 to same period last year has increased by $132,410. Rolling 12 months $777,509. Franchised Hotel – 97 units – built 1990, indoor pool, complimentary continental breakfast. NEW PRICE Asking: $3,500,000 Franchised Hotel – 98 units – So. Dakota. Absentee ownership. Property is located within a mile from the local convention center and minutes from major attractions & room generators. TTM Ending July 2008 Room Revenue $974,184. MOTIVIATED SELLER Franchised Hotel – 100 units – Wisconsin. Located in one of the most popular family and tourist destinations in the Midwest Asking: $2,900,000 Independent Hotel – 138 units – Nebraska. Cost Per Unit $11,957. Rm rev x2.8. Asking: $1,650,000 Franchised Hotel – 141 units – Illinois. The property is located at an exit where 4 interstates merge together. The traffic count is approximately 160,000 vehicles per day. Asking: $4,000,000 Franchised Hotel – 201 units – Illinois. full service, 7,000 sq feet of flexible meeting and banquet space, property is centrally located near Fortune 500 companies. Total revenue over $3.9M. Asking: $12,950,000 Franchise Hotel – 229 units – Indiana. Restaurant/lounge, located near major university. Trailing 12 month room revenue ending September 2008 $2,360,199. Minneapolis, Minnesota 952-835-9575 Jeff Westgor or Chad Cooper Franchised mid market Interstate location in North Dakota includes newly renovated meeting/banquet facilities, a sports bar, and a 110’waterslide. Priced at 2.8 times the room revenue, ideal opportunity for an onsite Owner. • Resort Hotel Small Resort Hotel includes 3rd party Mgmt Business, in wonderful location. • Econolodge includes living quarters, very good condition and priced right. • Franchised Mid Market, 30 units, completely updated, absentee Owner. http://www.HotelMotel.com/digital_edition http://www.HotelMotel.com http://www.MBAHotels.com http://www.huffniehaus.com http://www.hbihotels.com http://www.milmark.com http://www.brashrealty.com
Table of Contents Feed for the Digital Edition of Hotel & Motel Management - November 17, 2008 Hotel & Motel Management - November 17, 2008 Contents Muted Mood at First HHOA Conference Concord Steps Up Management Plans, Goals DePaul Launches Hospitality School Perspective Legal FAQ Consultant’s Corner Maintenance Doctor Family Business Management Trends What Women Want Training Trends Marketing Matters HotelWorld Update Trends and Stats Top Design Firms Property-management Systems Transportation Services Laundry Equipment Marketplace Ad/Editorial Index Classifieds Checking Out Hotel & Motel Management - November 17, 2008 Hotel & Motel Management - November 17, 2008 - Hotel & Motel Management - November 17, 2008 (Page 1) Hotel & Motel Management - November 17, 2008 - Hotel & Motel Management - November 17, 2008 (Page 2) Hotel & Motel Management - November 17, 2008 - Contents (Page 3) Hotel & Motel Management - November 17, 2008 - DePaul Launches Hospitality School (Page 4) Hotel & Motel Management - November 17, 2008 - DePaul Launches Hospitality School (Page 5) Hotel & Motel Management - November 17, 2008 - Perspective (Page 6) Hotel & Motel Management - November 17, 2008 - Perspective (Page 7) Hotel & Motel Management - November 17, 2008 - Consultant’s Corner (Page 8) Hotel & Motel Management - November 17, 2008 - Consultant’s Corner (Page 9) Hotel & Motel Management - November 17, 2008 - Maintenance Doctor (Page 10) Hotel & Motel Management - November 17, 2008 - Maintenance Doctor (Page 11) Hotel & Motel Management - November 17, 2008 - Family Business (Page 12) Hotel & Motel Management - November 17, 2008 - Family Business (Page 13) Hotel & Motel Management - November 17, 2008 - Management Trends (Page 14) Hotel & Motel Management - November 17, 2008 - Management Trends (Page 15) Hotel & Motel Management - November 17, 2008 - What Women Want (Page 16) Hotel & Motel Management - November 17, 2008 - What Women Want (Page 17) Hotel & Motel Management - November 17, 2008 - Training Trends (Page 18) Hotel & Motel Management - November 17, 2008 - Training Trends (Page 19) Hotel & Motel Management - November 17, 2008 - Marketing Matters (Page 20) Hotel & Motel Management - November 17, 2008 - HotelWorld Update (Page 21) Hotel & Motel Management - November 17, 2008 - Trends and Stats (Page 22) Hotel & Motel Management - November 17, 2008 - Trends and Stats (Page 23) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 24) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 25) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 26) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 27) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 28) Hotel & Motel Management - November 17, 2008 - Top Design Firms (Page 29) Hotel & Motel Management - November 17, 2008 - Property-management Systems (Page 30) Hotel & Motel Management - November 17, 2008 - Property-management Systems (Page 31) Hotel & Motel Management - November 17, 2008 - Property-management Systems (Page 32) Hotel & Motel Management - November 17, 2008 - Transportation Services (Page 33) Hotel & Motel Management - November 17, 2008 - Transportation Services (Page 34) Hotel & Motel Management - November 17, 2008 - Transportation Services (Page 35) Hotel & Motel Management - November 17, 2008 - Transportation Services (Page 36) Hotel & Motel Management - November 17, 2008 - Transportation Services (Page 37) Hotel & Motel Management - November 17, 2008 - Laundry Equipment (Page 38) Hotel & Motel Management - November 17, 2008 - Marketplace (Page 39) Hotel & Motel Management - November 17, 2008 - Ad/Editorial Index (Page 40) Hotel & Motel Management - November 17, 2008 - Classifieds (Page 41) Hotel & Motel Management - November 17, 2008 - Classifieds (Page 42) Hotel & Motel Management - November 17, 2008 - Classifieds (Page 43) Hotel & Motel Management - November 17, 2008 - Classifieds (Page 44) Hotel & Motel Management - November 17, 2008 - Classifieds (Page 45) Hotel & Motel Management - November 17, 2008 - Checking Out (Page 46) Hotel & Motel Management - November 17, 2008 - Checking Out (Page 47) Hotel & Motel Management - November 17, 2008 - Checking Out (Page 48)
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