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.
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America’s Best Value Inn Lamplighter Inn America’s Best Value Inn Lamplighter Inn located in Santa Fe, New Mexico is a two-story, 80-unit property built in 1962. It offers a large indoor pool with hot tub and has been recently renovated. Amenities include a free gourmet continental breakfast, refrigerator, coffeemaker, radio-alarm clock, iron and ironing board, hairdryer, and 25” TV in all guest rooms. A recreation/exercise room provides guests with a computer with wireless high speed internet, stair stepper, and a ping-pong table. This property is offered for $3,090,000 with possible seller financing to a qualified buyer. $900,000 down
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AmericInn Motel 29-unit, 2-story, interior corridor motel with great visibility to Interstate 94 in Minnesota. The hotel is located on 1.1 acres in the NE quadrant of I-94 & Hwy 25 in Monticello, Minnesota. This independent hotel is unencumbered by management agreement or flag affiliation. All reasonable offers will be presented.
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Email:ronn.thomas@northmarq.com
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Ashley Inn & Suites Seller financing possible. Seller is also willing to sell a partnership interest in the property for a qualified investor with a minimum investment of $250k. 74 rooms and suites in an outstanding independent boutique hotel well located at the north end of very popular Lincoln City on Highway 101 a mile from the casino. Extensive, updated room and property amenities including flat screen TVs, wi-fi, spa suites, meeting space and saltwater pool & spa. Shuttle to the casino for added guest convenience. Lincoln City is the most popular destination on the Oregon Coast attracting hundreds of thousands of visitors each year. $4,500,000
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Budget Inn Marcus & Millichap is pleased to present the Budget Inn Motel located in Wilmington, Ohio. The 44-room exterior corridor property is located off interstate 71 between Cincinnati and Columbus, Ohio. The property is primarily a highway motel, but benefits from other room night generators that include a monthly gun show exhibition, Caesar's Creek Flea Market, R&L Carriers and several annual festivals. Asking: $600,000
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Crowne Plaza Blue Ash This 2007 IHG Renovation Award winner has 200 rooms. Blue Ash area has nearly 2,000,000 sf of Class A office space with seven large (500-1750) employers. Household income averages nearly $100,000. Performing at just 80% comp index and 40+% payroll expense potential for improvements are great. Price: $12,000,000
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Econo Lodge 72-room, limited-service hotel in metro southeastern Virginia. Good economy brand and absentee ownership. Priced at $2,250,000
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Econo Lodge The property is located near several major interstate highways (Interstate 475) and the Ohio Turnpike (Interstate 90; Interstate 80). Revenue Generators include business from the nearby Wolfcreek Executive Park, Toledo Express Airport, the Toledo Zoo, Westfield Franklin Park Mall, and Fort Meigs State Memorial. Asking: $1,999,950.
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Econolodge The Econolodge located in Lordsburg, New Mexico is offered for a price of $1,500,000. Seller financing may be available for qualified purchasers. The 40-unit property originally opened in May 1998 as a Holiday Inn Express and sits on approximately 2.296 acres of fee land. The Econolodge is located at Exit 22 off Interstate 10 with exterior corridors, seasonal swimming pool and one bedroom living quarters in a two story building. Amenities include a free full breakfast with hot waffles and scrambled eggs, coffeemakers, hairdryers, microwave and refrigerators in guestrooms and a guest laundromat. $1,500,000
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Econolodge The Winnie, Texas, Econolodge consists of 65 rooms in a two story building with exterior corridor. Winnie is located between Houston and Beaumont on Interstate 10. It has excellent visibility and is the only limited service hotel in Winnie which offers truck parking. Amenities include guest laundry, continental breakfast, lobby area with seating and television, outdoor swimming pool, BBQ area, and large owner’s two bedroom – two bath apartment. $2,100,000 cash
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Gainesville Hotel & Conference Center Institutionally Owned; 152 rooms w restaurant and lounge space onsite; Great I- 75 location with solid upside potential. Offered at $4,000,000.
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Hampton Inn The Hampton Inn located in Monroe, Ohio just off interstate 75 and neighbors the newest outlet mall in the region which opened in 2010. The exit sits about half way between Cincinnati and Dayton, Ohio. The subject property consists of 50 interior corridor rooms spread across two stories with an elevator on site. The Cincinnati Premium Outlets have over 100 outlet stores including Banana Republic, Coach, Guess, J. Crew, Kenneth Cole, Nike, Ralph Lauren and many more. Other attractions include the Turtle Creek Flea Market with 16,000-plus visitors every weekend and Traders World, with 10 acres and 800 booths of antique and collectibles. Also, Kings Island Amusement Park is only a short drive away. Asking: $2,400,000
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Hersha Hotel Portfolio The Hersha offering includes four select-service lodging facilities. The portfolio includes the 120-room, 18-suite Courtyard Marriott Scranton (PA), 103-room, 6-suite Fairfield Inn Bethlehem (PA), 132-room Hilton Garden Inn Edison (NJ), and the 77-room Comfort Inn & Suites Harrisburg (PA). These high-quality, investment-grade hotels may be bought independently of each other or as a portfolio acquisition. A portfolio investor could realize economies of scale given the properties close geographic proximity. Each have significant upside potential to a new investor as they are being sold independent of management affiliation and are acquirable at deep discount to replacement cost.
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Hilton Garden Inn Loveland This 10-year-old HGI shows like new. New lobby bar and updated soft goods makes the guests wanting for nothing. High income neighborhood with market generators. The 84 room hotel can be acquired unencumbered by management. Broker information: Brandt Niehaus, CHB. $7,200,000
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Holiday Inn Express 73-room newly built and recently renovated Holiday Inn Express located in Los Angeles County. Amenities include outdoor pool and hot tub, fitness room with cardio equipment and weights and a breakfast room. 2010 Room Revenue of $1,702,778 and 60% Occupancy.
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Holiday Inn Express The Holiday Inn Express offering includes the 122-guestroom Holiday Inn Express & Suites Montrose-Townsend (Co) and 76-guestroom Holiday Inn Express Littleton (CO). Both properties are proximate to major Coloradoan attractions as well as major interstates and business parks. The Montrose property maintains a reputation as the premier select-service hotel within the Montrose MSA as a result of targeted renovations and capital expenditures and both hotels benefit from the internationally recognized Holiday Inn Express & Suites brand. Both properties are offered unencumbered by management and with the opportunity to acquire at a significant discount to the current replacement cost.
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IHG Properties The IHG Portfolio includes an extended-stay Staybridge Suites and a full-service Crowne Plaza Suites comprising a total of 409-suites strategically located in Fort Collins, Colorado. Both of the properties offer the opportunity to acquire the asset at deep discount to replacement cost new, invested capital of current ownership, and free of brand and management affiliation. The properties benefit from stable and significant room night demand throughout the year and access to ample meeting space within and surrounding the facilities.
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Lakeshore Lodge Seller financing possible! Historic Lakeshore Lodge on 4.5 prime acres on Tenmile Lake. Beautiful full service restaurant with breathtaking lake views and fully licensed lounge with Oregon lottery. 20 hotel rooms (all with lake views) plus 19 full hookup RV sites as well as laundry facility with showers. In addition there is a very generous 2 bedroom owner’s quarters plus an additional 2 bedroom house which is used as a rental. Easy boat access and boat mooring at the dock. On the second most popular recreational lake in Oregon, the Lodge is highly visible and centrally located with boat access to over 400 homes, as well as on main street (8th) in a high traffic central location within walking distance to everything from groceries to boat services. Ocean beaches and fishing are 6 miles away via highway 101 in Winchester Bay. Price: $1,700,000
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Natura Park Eco Resort 510-room beach front all-inclusive property in Punta Cana, one of the top leisure destinations in the Caribbean. The transaction includes a contiguous 10 hectare beachfront parcel with permits to expand the room inventory (hotel time share, residential). Total flexibility to position hotel – no management or hotel flag encumbrances;High barriers to entry due to scarce land available in the prime areas of Bavaro/Punta Cana;Occupancy rates in Punta Cana are comparably high with top average rates exceeding 90% during high season.Certain new developments in the area, such as Roco Ki and Cap Cana are establishing the Punta Cana area as the top golf destination in the Caribbean.
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Quality Inn and Conference Center Newly franchised 150 room Quality Inn and Conference Center located in Springfield, Ohio. The only Full-Service property on the exit, with restaurant, lounge and banquet facilities. Excellent visibility and accessibility from Interstate 70. Rated #1 on Trip Advisor. Listed at under 2.5x Gross Revenue.
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Red Roof Inn 3 story interior corridor atrium hotel well located on I-27 and S. Loop 289. Upside potential with new management and upgrade of meeting rooms.
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