Hotel & Motel Management - December 8, 2008 - (Page 39) www.HotelMotel.com/digital_edition H&MM December 8, 2008 | HotelMotel.com Real Estate 39 Real Estate Hotel Acquisition Opportunities Colorado Hawthorn Suites, Longmont: 84 extended stay suites in Boulder county near Univ. Of CO. Re branding opportunity ; Mark Darrington 303 267 0057 ext 111. Colorado Hampton Inn, Louisville: Reduced Price, 80 rms, near Boulder and Univ. of CO, great highway location, high barriers to entry; Larry Kaplan 303 267 0057 ext 113. Colorado Quality Inn & Suites, Colorado Springs: 124 rooms, limited service, newly renovated, $1.65M revenue; Larry Kaplan 303 267 0057 ext 113. Colorado Microtel Inn & Suites, Pueblo: Excellent physi cal condition, interstate location, $825,000 revenue.; Larry Kaplan 303 267 0057 ext 113. Delaware Brandywine Suites, Wilmington: 49 suites, located in heart of Wilmington CBD, strong market RevPAR growth, superior asset; Andrew Broad 212 551 1776. Kansas Clarion Inn & Suites, Wichita: 188 rooms, 10,000 sq. ft. meeting space. Prime airport location. Clarion PIP completed in 2008. Absentee ownership, significant upside potential, $5.5M ask; Steven Senft 310 795 4533. Maryland Sleep Inn & Suites and Comfort Inn BWI, Baltimore: Adjacent properties may be sold separately, Sleep Inn 145 Rooms, Comfort Inn 185 Rooms, minutes from BWI airport with shuttle, near attractions and D.C. area; Andrew Broad 212 551 1776. Missouri Holiday Inn Kansas City North, Kansas City: 165 rooms, excellent location near amusement parks, casinos, downtown & airport, recently renovated, positive growth, offered unencumbered by management, potential seller financing available; Jeff Preston 312 645 9010. Nebraska Hawthorn Suites, Omaha: 88 suites, great accessibility and visibility from Interstate 80 and 680, solid cash flow, growing market; Ted Anka 312 645 9010. Ohio Clarion Hotel, Columbus: 177 rooms, superior physi cal asset, significant discount to replacement cost, great location, near generators, $6M ask; Ted Anka 312 645 9010. Ohio McKinley Grand Hotel, Canton: 166 rooms, iconic asset, significant upside potential with brand conversion opportunities,$7M ask ; Monty Levy 678 385 6145. Virginia Comfort Inn I 95 Corridor, Richmond: Recently appraised at $9.3M, offered at $8.5M, room sales $2.65M; Andrew Broad 212 551 1776. Virginia Days Inn, Hampton: 144 unit, limited service hotel, great accessibility and visibility from Interstate 64, recently renovated; Frank Fusco 212 551 1777. Wisconsin Holiday Inn Express, Onalaska: Strong reve nue growth, excellent highway location, $5.975M ask; Larry Kaplan 303 267 0057 ext 113. Wisconsin Microtel Inn, Onalaska: Strong revenue growth, excellent highway location, $2.75M ask; Larry Kaplan 303 267 0057 ext 113. Wisconsin Microtel Inn & Suites, Tomah: 60 rooms, strong location at intersection of I 94 & I 90, excellent physical condition, growing market; Jeff Preston 312 645 9010. INDIANA 74 Rooms, Quality Inn, I-64. 3 story, interior corridor, indoor pool, built in 2000, absentee management. 2007 Revenue $671,220. Price $2,500,000. 100 Rooms, Econo Lodge, Evansville. 2 story, exterior corridor, built in 1978, completely renovated. 2007 Revenue $694,860. Price $1,850,000. KENTUCKY 100 Rooms, Travel Inn (Independent), Paducah. 2 story, exterior corridor, managers apartment, seller financing. 2007 Revenue $510,980. Price $1,500,000. 101 Rooms, Knights Inn, I-65, Cave City. 2 story, exterior corridor, new outdoor pool, new roof, restaurant leased for $5,000 per month, seller financing. Revenue $600,000 plus restaurant lease. Price $2,225,000. OHIO 55 Rooms, Comfort Inn & Suites, I-70, Dayton. 3 story, interior corridor, indoor pool, built in 2000, 16 suites. 2007 Revenue $834,922. Price $3,100,000. 112 Rooms, Clarion Inn & Suites, I-75, Cincinnati. 2 story, interior corridor, 12 suites, excellent location. Proforma Revenue $1,382,574. Price $4,900,000. 112 Rooms, Knights Inn, I-75, Cincinnati. Single story, exterior corridor, modular construction, built in 1969, excellent location. 2007 Revenue $987,540. Price $2,800,000. 150 Rooms, Holiday Inn, I-70, Springfield. 2 story, interior corridor, built in 1973, holidome, 9,000 sq. ft. of meeting space, Holiday Inn License expires in 2010. Seller has completed the PIP. 2007 Room Revenue $1,897,174. 2007 Total Revenue $2,389,731. Price $3,790,000. Call or check our website for a complete list of our motels for sale. MIDWEST HOT LIST Call or check our website for a complete list of our motels for sale. Terry Baltes, Baltes Commercial Realty, Ltd. Phone: 937-438-6700 Ext. 1 Email: tbaltes@1bcr.com Website: www.1bcr.com Denver New York Chicago Los Angeles Tampa Boca Raton Memphis Atlanta Visit our website at www.hrec.com for complete listings! “Exclusive Marketing Agents Representing Owners of Owners of Hotel Real Estate” “Exclusive Marketing Agents Representing Hotel Real Estate” Owners of Hotel Real Estate” g g p MISSOURI HOTELS FOR SALE In Growing & Promising Market of KANSAS CITY PAUL DESAI / desaipaul@yahoo.com / 816-305-6056 81U: Holiday Inn Express: Hotels & Suites - $84K/U • New Const. – Kansas City - Opens: 03-01-2009 87U: Quality Inn & Suites: - $40.50K/U 80U: MOTEL 6: - $36K/U • New Renovated – Independence – Opens: 01-01-2009 (87U Quality and 80U Motel-6)-Packaged-: $35K per Unit LEISUR E Real Estate Advisors, L.L.C. LEISUR E 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 leisurerealestate.com Looking to hire someone? Reach thousands of professionals in your industry by placing a classified ad! Kansas City - Lincoln, NE 913-894-5252 402-421-8014 • 140-Unit Franchise near Orlando Just Renovated! 2007 Room Revenue while under renovation $1.5M+. Asking $5.5M. • 70+ Unit Franchise at busy East/ Central Florida interstate location Just Renovated! 2007 Room Revenue $1.3M+. Asking $4.8M. FLORIDA MOTELS EDWARDS REALTY & INVESTMENTS, INC. 386-672-7773 www.edwardsrealty-motels.com YOUR PRODUCTS & SERVICES AD COULD BE HERE! CALL DOUG KERESZTURI • 216-706-3794 http://www.HotelMotel.com/digital_edition http://www.HotelMotel.com http://www.hrec.com http://www.1bcr.com http://www.paramountlodging.com/listings http://www.mumfordcompany.com http://www.leisurerealestate.com http://www.edwardsrealty-motels.com
Table of Contents Feed for the Digital Edition of Hotel & Motel Management - December 8, 2008 Hotel & Motel Management - December 8, 2008 Contents Best Western Sets Spending Strategy Courtyard Turns 25, Unveils New Lobby New Division of MGM Goes Beyond Gaming Perspective Legal FAQ Marketing Matters Family Business On Finance AAHOA Update Satisfaction Trends HotelWorld Update Consultant’s Corner Trends & Stats IH/M&RS Editors’ Choice Award Winners Insurance Ad/Editorial Index Marketplace Classifieds Checking Out Hotel & Motel Management - December 8, 2008 Hotel & Motel Management - December 8, 2008 - Hotel & Motel Management - December 8, 2008 (Page 1) Hotel & Motel Management - December 8, 2008 - Hotel & Motel Management - December 8, 2008 (Page 2) Hotel & Motel Management - December 8, 2008 - Contents (Page 3) Hotel & Motel Management - December 8, 2008 - New Division of MGM Goes Beyond Gaming (Page 4) Hotel & Motel Management - December 8, 2008 - New Division of MGM Goes Beyond Gaming (Page 5) Hotel & Motel Management - December 8, 2008 - Perspective (Page 6) Hotel & Motel Management - December 8, 2008 - Perspective (Page 7) Hotel & Motel Management - December 8, 2008 - Marketing Matters (Page 8) Hotel & Motel Management - December 8, 2008 - Marketing Matters (Page 9) Hotel & Motel Management - December 8, 2008 - Family Business (Page 10) Hotel & Motel Management - December 8, 2008 - Family Business (Page 11) Hotel & Motel Management - December 8, 2008 - On Finance (Page 12) Hotel & Motel Management - December 8, 2008 - On Finance (Page 13) Hotel & Motel Management - December 8, 2008 - AAHOA Update (Page 14) Hotel & Motel Management - December 8, 2008 - AAHOA Update (Page 15) Hotel & Motel Management - December 8, 2008 - Satisfaction Trends (Page 16) Hotel & Motel Management - December 8, 2008 - HotelWorld Update (Page 17) Hotel & Motel Management - December 8, 2008 - Consultant’s Corner (Page 18) Hotel & Motel Management - December 8, 2008 - Consultant’s Corner (Page 19) Hotel & Motel Management - December 8, 2008 - Consultant’s Corner (Page 20) Hotel & Motel Management - December 8, 2008 - Consultant’s Corner (Page 21) Hotel & Motel Management - December 8, 2008 - Trends & Stats (Page 22) Hotel & Motel Management - December 8, 2008 - Trends & Stats (Page 23) Hotel & Motel Management - December 8, 2008 - Trends & Stats (Page 24) Hotel & Motel Management - December 8, 2008 - Trends & Stats (Page 25) Hotel & Motel Management - December 8, 2008 - IH/M&RS Editors’ Choice Award Winners (Page 26) Hotel & Motel Management - December 8, 2008 - IH/M&RS Editors’ Choice Award Winners (Page 27) Hotel & Motel Management - December 8, 2008 - Insurance (Page 28) Hotel & Motel Management - December 8, 2008 - Insurance (Page 29) Hotel & Motel Management - December 8, 2008 - Insurance (Page 30) Hotel & Motel Management - December 8, 2008 - Insurance (Page 31) Hotel & Motel Management - December 8, 2008 - Insurance (Page 32) Hotel & Motel Management - December 8, 2008 - Insurance (Page 33) Hotel & Motel Management - December 8, 2008 - Ad/Editorial Index (Page 34) Hotel & Motel Management - December 8, 2008 - Marketplace (Page 35) Hotel & Motel Management - December 8, 2008 - Classifieds (Page 36) Hotel & Motel Management - December 8, 2008 - Classifieds (Page 37) Hotel & Motel Management - December 8, 2008 - Classifieds (Page 38) Hotel & Motel Management - December 8, 2008 - Classifieds (Page 39) Hotel & Motel Management - December 8, 2008 - Classifieds (Page 40) Hotel & Motel Management - December 8, 2008 - Classifieds (Page 41) Hotel & Motel Management - December 8, 2008 - Checking Out (Page 42) Hotel & Motel Management - December 8, 2008 - Checking Out (Page 43) Hotel & Motel Management - December 8, 2008 - Checking Out (Page 44)
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