Hotel & Motel Management - December 8, 2008 - (Page 40) 40 Real Estate H&MM December 8, 2008 | HotelMotel.com www.HotelMotel.com/digital_edition ARE YOU PREPARED FOR THE CAPITAL GAINS CHANGE? 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. IN – 100+ rm Indoor pool. 9.0+ acres. New market generator. Great upside. Price $2.4MM. SC – 90 rm. Independent. Excellent condition. Easily franchisable. Room revenue $1.3MM. Price 5.2MM. In cooperation w/Hunter Realty. Just Listed 70 rooms, , just opened this month, major franchise, asking $130,000 per key. Just Reduced 132 units, newly flagged, highway location, limited service, central Florida location, many new improvements. 263 units, major franchise, full service with meeting rooms, restaurant, interstate location. 124 units, in Central FL, franchise, interstate location, full service, 11.7% cap. Two franchised hotels, 80 units each, buy ONE or BOTH, located in the same town, $49,875 per unit. Just Sold: 100 units, Tampa, interstate, Interior corridor, needs renovation, Asking $27,000 per unit. Licensed Real Estate Brokers FLORIDA (727) 447-8383 FAX: (727) 447-6533 Visit us on the web at:“www.gcdhotels.com” 502-254-7787 Individual Member hu niehaus.com HBI Regional Broker – 2006, 2005, 2004, 2001, & 1998 Brash Realty Co., Inc. 847-205-5600 www.brashrealty.com Independent Hotel – 86 units – Indiana. Interior corridor, meeting room, indoor pool. All major highway and rail routes approaching Chicago from the south or east pass through this City. Turn around property. Asking: $4,200,000 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 to same period last year has increased by $132,410. Asking: $2,700,000 Franchised Hotel – 97 units – built 1990, indoor pool, complimentary continental breakfast. NEW PRICE – UNDER CONTRACT 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 October 2008 Room Revenue $944,184. PRICE REDUCED 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 100 units - Franchised hotel, within an hour of Dallas/Fort Worth area, seller financing available Asking Price: $4,100,000 204 units - Full service independent on major interstate, interior corridors, $2 million renovation completed Asking Price: $7,500,000 83 units - La Quinta Inn & Suites under construction near Dallas, nearly completed Asking Price: $6,600,000 197 units - Full service hotel, interior corridors, excellent location near major demand generator Asking Price: $6,700,000 817-410-5731 (phone) • info@brockhotelgroup.com Brock Hotel Group Package of two hotels mid market Interstate location in Wisconsin include 150+ units, meeting/banquet facility, indoor pools. One hour from Minneapolis. • Franchised Mid Market interstate location in North Dakota. • Econolodge includes living quarters, very good condition and priced right. • Franchised Mid Market 30 units, completely updated, absentee Owner. • Independent interstate location 17 units perfect for an owner operator. http://www.HotelMotel.com http://www.HotelMotel.com/digital_edition http://www.hbihotels.com http://www.gcdhotels.com http://www.huffniehaus.com http://www.brashrealty.com http://www.hbihotels.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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