Following are listings of hotels for sale. The listings were supplied by hotel brokers and include a link to the brokers’ websites. For information regarding inclusion in this listing, please contact Jeff Higley at jeff@hotelnewsnow.com.
Located in an upscale hotel market area with barriers to entry, this 3-story, 60-guest room hotel is the only hotel serving the upper-economy or mid-market segment. Renovated and repositioned with a franchise in 2010. Convenient to all area attractions and within walking distance to the magnificent Crabtree Valley Mall. New owner may have opportunity to up-brand again to a Quality Inn flag. Asking $ 2,875,000.
Listing Agent: John Downes
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73 Keys, Off of busy interstate 80, Built in 1992, renovated in 2007. This Comfort Inn presents a great opportunity as a profitable business and an ideal investment for an individual owner or as an addition to a corporate portfolio. The property has demonstrated consistently increasing revenues over the past few years. In 2010 the year end totals are expected to increase 24.7 % from 2009. The property has an excellent location on a highway exit, in an area where huge energy exploration is just a beginning. Asking $ 2,875,000
Listing Agent: Suresh Patel
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GOLD Award Winner with Choice Hotels! 48 rooms, with indoor pool, built in 2004. Increasing sales trend. Fantastic size and location for an owner/operator. Easy access to Pittsburgh, Buffalo and Cleveland, all 2 hours away. Close to tourist attractions and demand sources. Priced at $2,700,000
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123-room hotel on Interstate 29 with excellent visibility & access. Property is located less than 2 miles from South Dakota State University, the largest university in South Dakota with over 12,000 students. Great revenue history, rooms in great shape and no major brand PIP, large conference center with over 5400 square ft and property well maintained. Additional land available for development and perfect opportunity for owner-operator with great upside potential.
Listing Agent: Kraig Pomrenke
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13.66% Cap and 39+% ROI on actuals with SBA loan terms. Includes management and reservations!! Fantastic family-style resort property featuring a nice mix of 34 cabins, motel units and "chalet" condos plus meeting space, indoor pool and spa, espresso bar and deli and mini-golf course. Owners/Managers quarters on-site. Modern amenities such as outfitted computer center in well maintained lodge setting surround by natural beauty. Well situated near Wallowa Lake, the sky tram and the popular tourist community of Joseph in the area known as the Swiss Alps of Oregon. Excellent quality of life property. Asking $1,950,000
Contact Crystal Investment Property at (503) 530-1316 to schedule tours or email joe@crystalip.com to discuss.
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202 Keys 3 Story Interior corridors. Great condition, renovated 2009. Great location with a rebranding opportunity for strong upside potential for future revenues and profit margins. The hotel is well maintained and in immaculate condition offering an easy conversion to a brand such as Clarion. This hotel is a former Holiday Inn with a solid track record of performance. It is well situated with high visibility on approximately 8 acres. The well built strong construction of this hotel makes it a solid long term investment in the Shoals of Alabama, just an hour away from Huntsville. Asking $ 2,950,000
Listing Agent: Suresh Patel
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The 98-room Inn at Morro Bay is a coastal hideaway surrounded by natural beauty. It sits adjacent to the 18-hole Morro Bay Golf Course and features over 9,000 square feet of meeting space, a full-service spa and two restaurants with panoramic views of Morro Bay and Morro Rock. The rooms, decorated in a French country theme, feature a private balcony or patio. The Inn at Morro Bay occupies an irreplaceable location (with huge barriers to entry) with primary frontage along the Pacific Ocean. It is priced substantially below replacement cost and being offered unencumbered by brand and management company. The property sits just inside the 4,000-acre Morro Bay State Park in San Luis Obispo County, halfway between San Francisco and Los Angeles. It is close to Paso Robles Wine Country, Hearst Castle, downtown San Luis Obispo, California Polytechnic University, golfing, hiking, horseback riding, surfing, kayaking, deep sea fishing and numerous other attractions and activities.
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BANK OWNED: This beautiful high-end property just opened in 2010 and is already showing high revenue potential. Each of the 28 suites has an excellent water view and is outfitted with luxury amenities. The property consists of two buildings, the hotel tower and a separate restaurant building. The restaurant presents an additional opportunity as an event venue for weddings, creating additional demand for room nights. A large naval base, government contractors and the historic St. Mary’s City, create demand and a stable economy that draws vacationers from nearby Washington, D.C. Offered at $ 4,580,000
Listing Agent: Charlie Fritsch
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Salem Area, Oregon Seller Financing via LEASE OPTION possible! 10.11% Cap and almost 19% Cash Return with 20% down on actual 2009 income. Independent full-service hotel with part-time restaurant and lounge, full conference center, 86 updated rooms, interior corridor with extensive amenities including indoor pool, saunas and exercise room. 3.65 acres with ample parking located a few minutes off interstate highway and near center of downtown Metro Salem area. Fast growing area with attractive upscale development nearby. Adjacent to complimentary businesses, highly respected on-going business operation and excellent, easily visible location. Carpet in common areas replaced in August, 2010. Asking $4,975,000
Contact Crystal Investment Property at (503) 530-1316 to schedule tours or email joe@crystalip.com to discuss.
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Four Seasons of opportunity are available in one of Deep Creek Lake’s most desirable waterfront properties. The LakeStar Lodge includes 20 newly renovated Lakefront rooms and a three bedroom vacation suite, all within minutes of Wisp Mountain Skiing, restaurants, shopping and other tourist attractions Every waterfront room provides beautiful views of Deep Creek Lake and the Wisp Ski Slopes. Included in this sale is 2.75 acres of vacant land with very flexible “Town Center Zoning” which would allow for the development of Hotel, Retail or Condo. Asking $3,750,000
Please contact Charlotte Seale (202) 625-4156 or Bill Moyer (202) 625-4153 at Donohoe Real Estate Services.
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The Lodgian offering includes eight full-service lodging facilities. The portfolio includes the 193-room Crowne Plaza Pittsburgh Airport (PA), 295-room Crowne Plaza Phoenix Airport (AZ), 244-room Doubletree Kenner (LA), 133-room Holiday Inn Surfside Beach (SC), 138-room Holiday Inn Meadowlands (PA), 303-room Holiday Inn Strongsville (OH), 187-room Holiday Inn Monroeville (PA) and 159-room Radisson Phoenix Airport South (AZ). The Seller has placed the asset in a REIT ownership structure for Federal Income Tax purposes. The sales transaction will be structured as a sale of the REIT entity. Prospective purchasers are urged to consult their own tax advisors regarding such a transaction.
Broker Information: Geoff Davis Phone: 303-267-0057 ext. 102 Fax: 303-267-0105 Email: gdavis@hrec.com
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The Marriott Portfolio includes two select-service (Courtyard and Residence Inn) lodging facilities and one full-service (Marriott) lodging facility comprising a total of 454-guestrooms located in Fort Collins, Colorado. Key features of the properties include relatively stable lodging market, strong franchise affiliations, profit margin control opportunities and assets that are unencumbered by management.
Broker Information: Geoff Davis Phone: 303-267-0057 ext. 102 Fax: 303-267-0105 Email: gdavis@hrec.com
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Fresno, California
The full-service Piccadilly Inn University is an Old English Tudor-style property with 190 guestrooms, including six suites. It has received over $1.5 million in improvements since 2006. Amenities at the AAA 3-Diamond hotel include more than 8,900 square feet of
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Well-maintained property in FL Panhandle; Diversified demand generators including beaches and Eglin Air Force Base; Great Opportunity. Offered at $2,950,000
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The Red Lion Denver Southeast is a full-service hotel located in the southeast Denver metropolitan area along the I-225 corridor, approximately three-and-one-half miles northeast of the Denver Tech Center. With approximately 25,000 square feet of meeting and banquet facilities, the 478 room property is positioned to target a wide variety of group and meeting business. Featuring two prominent red brick guestroom towers, the property is highly visible from Interstate 225 and Parker Road. Given its two tower design, The Red Lion offers unique alternative use and conversion opportunities and is offered free and clear of both management and franchise affiliation.
Broker Information: Geoff Davis Phone: 303-267-0057 ext. 102 Fax: 303-267-0105 Email: gdavis@hrec.com
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