Property Overview
• Owner Financing possible
• 2023 Room Revenue exceeded $1.7M | 2024 tracking to top $2M
• Fantastic location immediately on I-44 exit
• Extremely attractive with indoor and outdoor rooms
• Priced at 2.9X 2023 Room Revenue
The 151 room Quality Inn is currently operated by an absentee owner that foreclosed on the hotel in 2023 and is a prime opportunity for an experienced operator. The hotel has recent historic (pre pandemic) revenues in the mid $2.5M range and excellent upside for a new owner. 2024 is projected to exceed $2M in room gross. In the past 12 months the hotel has received over $350K in improvements including bathrooms and carpet. The turnpike exit is home to a number of competitive hotels as well as numerous national chain food outlets, 24 hour gas/EV charging, Walmart, Lowes and other exit draws. The hotel has a very strong, long history of success in the market when run by hospitality savvy investors. The current owner will consider financing the hotel with buyer qualification and acceptable terms. Seeking realistic offers with the ability to close quickly.
Property Highlights
| Asking Price | $4,975,000 |
| Property Description | Full Service |
| Number of Rooms | 151 |
| Major Source of Business | Business, Downtown, Traveler, Transient, University, Corporate & Retail |
| Site Size | +/- 4.2 |
| Year Built |
1966 |
| Last Year Renovated |
2024 |
| Common Area Amenities | Breakfast area, indoor heated pool & poolside room, business center, restaurant (only open for free breakfast), lounge/bar, guest laundry, vending machines, meeting space & fitness center |