Hotel & Motel Management - December 10, 2007 - (Page 52)

52 Real Estate H&MM December 10, 2007 | HotelMotel.com www.HotelMotel.com/digital_edition 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. 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 pool and Jacuzzi, large meeting room and four storefront/office rental units for added income. Under-performing property needs new ownership. Offered at $2,495,000. 54 Rooms, Franchise- MI erty is only 4 miles from the downtown area and 28 miles from Lake 55 Rooms, Franchise OK- Under Contract Busy property in sunny Oklahoma. Indoor pool, strong franchise and web reservations. Very nice condition, easy to manage, room FEATURED PROPERTY 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. Just reduced by $800,000. 124 units in Central FL, franchise, interstate location, full service, 11.7% cap, asking $6,700,000. 74 units SW Florida, newly renovated Interstate 75 location, MAKE OFFER. 80 units in North Florida, interstate location, limited service, $4,250,000. 80 units, interstate location, North Florida 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. Licensed Real Estate Brokers Convenient location, two stories newly franchised. This attractive prop- rev $655,000 in 2006. Up 9% in 2007, Offered at $1,975,000. 22 Rooms, Independent, NJ Michigan, no current punch list, Managers apt, two Jacuzzi Suites, and Three story, exterior corridor motel in New Jersey. Located on indoor pool. Offered at 1,925,000. main route into town. One block to the beach and boardwalk. 41 Rooms, National Brand Iowa A great property for a family owner-operator. Mixed interior and exterior corridor; large meeting room, breakfast room, and luxurious 3-br. owner’s apartment on 2+ acres. Located one mile from town center, nearby university and regional industry on busy route. Many improvements, uptrend in revenues. Income for 2007 projected at $330,000. Offered at $899,000. Large manager’s apartment. Offered at $1,900,000. 16 Rooms, Independent Motel, CA 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. FLORIDA (727) 447-8383 FAX: (727) 447-6533 Visit us on the web at:“www.gcdhotels.com” 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 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. EXCLUSIVE HOTEL/MOTEL REALTOR SINCE 1954 WISCONSIN Toll Free: 877-700-7950 www.milmark.com 192 UNITS: Independent property great Interstate location. 132 UNITS: Historic Landmark Full Service Hotel. 120 UNITS: Franchised property with leased restaurant. 82 UNITS: Franchised property with leased restaurant. 43 UNITS: Limited service franchised property. 32 UNITS: Limited service independent property. 21 UNITS: Independent limited service property. 17 UNITS: Historic Inn with Restaurant & Lounge. $8,000,000 $2,800,000 $3,300,000 $4,500,000 $1,450,000 $900,000 $260,000 $1,200,000 Visit HBI online at hbihotels.com or call 800.821.5191 http://www.HotelMotel.com http://www.HotelMotel.com/digital_edition http://www.hbihotels.com http://www.MBAHotels.com http://www.gcdhotels.com http://www.milmark.com http://www.hbihotels.com

Table of Contents Feed for the Digital Edition of Hotel & Motel Management - December 10, 2007

Table of Contents News Wildfires test hotels' emergency plans LIIC roundtable: Capital available for hotel projects Departments Perspective Letters to the Editor At Your Risk Family Business Matters Sales Clinic On Finance Satisfaction Trends HotelWorld Update Events Trends & Stats Special Report H&MM's "year in review" tackles the top seven in 2007 Transactions Consumer Insight Travelers rank free breakfast high on must-have items Hot Products IH/M&RS Editors' Choice Award winners Construction Spending up, costs steady in construction Design Window treatments Ad/Editorial Index Marketplace Classifieds Checking Out

Hotel & Motel Management - December 10, 2007

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