Hotels for Sale

Coconut Cay Resort and Marina
Marathon, Florida

Price US$5.2 million / US$4.2 million

More a situation than an offer for sale, I am the owner/operator of 2 small 1950’s resort/marinas in Marathon, Florida Keys, seeking to take on an equity partner or to pursue a disposition of one of the properties. My properties encompass over 10 acres, ¾ mile of protected waterfront, and have 75 transient motel room rights with approvals for 125. I have the required approvals and permits to begin a redevelopment and have devised a unique new type of vacation product and operating plan. If you have entertained the idea of entering the high demand, restricted supply, hospitality market of one of the premier destinations in the world, the Florida Keys, please contact me at (305) 393-1999. My redevelopment business plan can be reviewed at www.theclubatcoconutcay.com/developer

Contact: 
Jim Rhyne  
Coconut Cay Resort and Marina. 
(305) 393-1999
jim@coconutcay.com

Econo Lodge
Birmingham, Alabama

Price: US$1.35 million

**AUCTION**AUCTION**AUCTION**
The opening bid for the auction is $1.35 million, price per key: $8,823.00. The Hotel is a 2-story structure consisting of 153 guest rooms. Amenities include fitness room, over 1200 sq ft of meeting rooms, breakfast area, lounge, and an outdoor recreational yard with a swimming pool. The hotel converted to an Econo Lodge in 2008 and is being offer unencumbered by management. The hotel is sold "As Is" no contingencies, buyer to verify sizes & data prior to auction. See Terms & conditions. Assumable 2nd mortgage to qualified buyers. Full financials available call for details.

PUBLIC AUCTION DEC. 1st 12pm PST
Management upside property currently under absentee ownership
Great REVPAR upside & potential
The Econo Lodge is conveniently located just off I-65 and Oxmoor Road in Birmingham, Alabama. The hotel has excellent visibility and access from I-65.

Contact:
Braun
Phone: 1-800-784-5884 ext. 2004
www.braunco.com