Hotel & Motel Management - November 19, 2007 - (Page 52)

52 Real Estate H&MM November 19, 2007 | HotelMotel.com www.HotelMotel.com/digital_edition FEATURED PROPERTIES: CONFIDENTIAL LISTING 120U Radisson 66U Comfort Over $10,000,000 Renovation $23,000,000 102U Holiday Inn Express Blt 2005 $1,400,000 N.O.I. Call for information Corporate Office 410-489-5900 Midwest Office 641-472-7475 www.MBAHotels.com 124 Rooms, Ohio Franchised hotel at interstate exit with good visibility. Benefits from close proximity to large university. Two story, exterior corridor with pool. New shopping center under development at exit. Offered at $2,750,000. 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%. Offered at $6,800,000. 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. 78 Rooms, Franchise IA Located on a major boulevard at one of the busiest exits in Iowa’s capital city. Offers large breakfast area, full-size pooland Jacuzzi, large meeting room and four storefront/office rental units for added income. Under-performing property needs new ownership. Offered at $2,495,000. FEATURED PROPERTY TIME SHARE DEVELOPMENT Approvals-Plans-Ready to Permit - 96 Unit - Front Lake & Golf Course $4,250,000 $650,000 PRICE REDUCTION 65U AZ - Int. Corridor-Blt 1995Including Restaurant Pad - Grt Freeway Visibility $5,150,000 Using Specialized Marketing Systems to Bring Buyers and Sellers Together 200U WA - High Rise - Repositioning Opportunity - Leased Restaurant & Lounge - Dn. Town - $8,500,000 166U AZ - $250,000 PRICE REDUCTION – Best Western - 3.75 X Rm. Rev. – Great Freeway Location- $15,500,000 111U AZ - $450,000 PRICE REDUCTIONBest Western – Excellent Location – Original Owner - $12,500,000 160U AZ - $950,000 PRICE REDUCTION - $4,000,000 Rm. Rev. Rebranding Opportunity – Great Freeway Location - $14,550,000 21U AZ - $750,000 22U AZ - $895,000 13U AZ - $675,000 SHS Lending Specializing in Hotel Financing F.F.E. Leasing 602-468-3548 AZ. MB. - 0908648 Two-story downtown hotel, close to demand generators,15 miles to KC airport. Rentable lounge and restaurant. Revenue of $750k shows major turnaround. Offered at 2,295,000. 90 room National Brand, KS. GRT OPPORTUNITY 269U AZ - 10+ ACRES DN. TN LOCATION GRT. FREEWAY VISIBILITY $12,000,000 HIRING EXPERIENCED SALES PROFESSIONALS LICENSED AZ, CA, CO, HI, ID, MT, NV, OR, TX, UT, WA, WY & MEXICO 602-HOTEL4U • 602-468-3548 www.shshotels.com 55 Rooms, Franchise OK- Under Contract Interstate 80 exit, prime metro area of Iowa. Many demand generators, 22 Rooms, Independent, NJ business and sports. Exceptionally well maintained, new carpet, interior Three story, exterior corridor motel in New Jersey. Located on paint, and tile, indoor pool and jacuzzi, interior corridor, strong room main route into town. One block to the beach and boardwalk. revenue, priced to sell Offered at $2,100,000 Large manager’s apartment. Offered at $1,900,000. 41 Rooms, National Brand Iowa 16 Rooms, Independent Motel, CA A great property for a family owner-operator. Mixed interior and Excellent starter property with 100% owner financing available, exterior corridor; large meeting room, breakfast room, and luxurious $225,000 down. Reliable cash flow from solid repeat customer 3-br. owner’s apartment on 2+ acres. Located one mile from town base, including government contracts. Well maintained property center, nearby university and regional industry on busy route. Many with low operating costs. 18% capitalization rate. Reduced Price improvements, uptrend in revenues. Income for 2007 projected at $330,000. Offered at $899,000. $720,000. 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. List your hotel with hospitality brokerage specialists In today’s real estate market, changes are continually pending. Doesn’t it make sense to list with a brokerage firm that focuses exclusively on hospitality real estate? HBI brokers make it a priority to keep up to date on emerging trends, values and best practices for hotel brokerage. We know you need to feel confident that you are working with a knowledgeable professional. We feel the same way. Our value is measured by our results; we are invested in your success. HBI hbi hotels .com New Mexico - Austin - Dallas 575-523-7421 FAX: 575-524-3699 www.scogginblue.com Scoggin Blue LLC 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. $425,000 Cash. 24 Unit Renovated Inn close to I-40 East NM on Rt. 66, 2 bdrm apt., pool, $250,000. 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. Visit HBI online at hbihotels.com or call 800.821.5191 http://HotelMotel.com http://www.HotelMotel.com/digital_edition http://www.MBAHotels.com http://www.MBAHotels.com http://www.shshotels.com http://www.shshotels.com http://www.scogginblue.com http://hbihotels.com http://hbihotels.com

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Hotel & Motel Management - November 19, 2007 Contents Torrid Hotel Sales Pace Persists Boykin Takes Steps to Regain Foothold Best Western Sets 10-year Plan Perspective At Your Risk HotelWorld Update Sales Clinic Events Trends & Stats Charting H&MM's Top Lodging Design Firms Fitness Equipment Supplier News PMS Software Provides One-Click Solutions High-Quality Linens Require Higher-Quality Cleaning Despite Slow Market, Condo Hotels Thrive Ad/Editorial Index Marketplace Classifieds Checking Out

Hotel & Motel Management - November 19, 2007

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