Property Overview

This is a distressed sale with a tremendous amount of upside for an experienced, aggressive operator. This will likely be a very short sale (subject to bank approval). Pricing guidance would be below 1/10th replacement cost and below 2x historical room revenues. Additional demand and revenues could be achieved by re-opening the shuttered bar and restaurant and meeting rooms. Currently run as a 99 room limited service independent property, there is also upbranding potential. Owner and bank seek immediate offers from qualified purchasers and most offers can be reviewed and responded to within 24 hours. All parties involved desire expedient closing. Excellent opportunity for an all cash buyer.

Property Highlights

Asking PriceCall Broker for Price
LocationHighway Suburban / County Seat
Property DescriptionLimited Service
Number of Rooms99
Major Source of BusinessCorporate, Leisure
Site Size5.8 acres +,-
Year Built 1980
Last Year Renovated 2012
Common Area AmenitiesOutdoor pool, Business center, RV/Truck parking, Meeting room

Financial History

  • Average Daily Occupancy:
  • Average Daily Rate:
  • Net Operating Income:
  • Room Revenue:
  • Total Revenue:
  • Price Per Room:
  • Room Revenue Multiplier:
  • NOI multiplier:
  • Room Revenue Per Room:
  • Cap Rate:
2015 Year Ending
  • 24.00%
  • $41.00
  • $75,510
  • $339,109
  • $339,109
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  • $3,425.00
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