Do NOT contact hotel staff or owner directly. This offering memorandum presents a conservative projection for the hotel's performance and is including under the Additional Documents Tab. While the hotel has experienced lower occupancy and ADR (Average Daily Rate) compared to its competitors for several years, this presents a significant upside opportunity for a new owner. The previous owner, having managed the property for 18 years before retirement, had a low-effort approach due to a minimal mortgage burden. Consequently, group reservations for weddings, family reunions, and corporate stays - which can generate high volume - were discontinued. Additionally, no marketing efforts were undertaken. Investment Potential: This situation presents a compelling opportunity for a new owner, particularly one with fresh ideas and enthusiasm. The property is ideally suited for a young couple seeking a live-in management model, reducing payroll and operating expenses. By implementing strategic marketing initiatives, a new owner can significantly increase revenue and profitability. Key Takeaways: 1) Low down payment - below 10% 2) Historically low occupancy and ADR create significant upside potential. 3) Low-effort management by prior owner is an opportunity for optimization. 4) Ideal for a live-in owner-operator model to minimize expenses. 5) Strategic marketing can unlock substantial revenue growth. 6) Hotel includes owner's living quarters, a large 4-bedroom apartment While the competitive set has achieved an average occupancy of 48% and an ADR of $80 over the past three years, the projections for the first two years are based on a lower occupancy rate (40%) and a slightly lower ADR ($74-$75). This conservative approach provides a realistic and achievable benchmark for the hotel's initial success PROPERTY INFORMATION: 3 Buildings. 2 interior and 1 exterior corridor 4 bedrooms, 2 bathrooms and full size kitchen 3.97 acres Sure Stay by Best Western Owner Operated In-ground swimming pool Free hot breakfast Wireless Do NOT contact hotel staff or owner directly.

Listing Courtesy of MRED as distributed by MLS Grid of BF Realty, Inc brianjoereid@yahoo.com



Based on information submitted to the MLS GRID as of 2024-09-20 09:55 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-09-20 09:55 PM UTC
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