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.
The property was built in 1998 and is located near Interstate 80 (The Ohio Turnpike) and has easy access to Interstate 76. The current ownership is running a profitable business with the 82-unit interior corridor hotel. The property has a flexible brand affiliation that can change to a different brand without liquidated damages annually. Two of the rooms have been converted to a manager's apartment making the property ideal for an owner/operator. The primary source of business is derived from the highway, Interstate 76 and Interstate 80. Overflow business from the neighboring city of Boardman, Ohio, also contributes to the hotels profitability. Total return at List Price is over 15 percent.
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Choice branded, 108 rooms, large regional city, terrific freeway visibility, in retail and dining hub, 2 hours from St. Louis or Louisville. Priced at $3,950,000.
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Located in central South Dakota on the shores of the Missouri River. This beautiful budget property has 44 guestrooms on two levels. The front desk and lobby area, inside the front entrance of main level, includes a breakfast lounge that has built-in cabinetry, fireplace and flat screen TV. The indoor heated pool and Jacuzzi spa is a great attraction year round. The main level conference room will seat up to 32 people. The property is totally smoke-free. There is also a restaurant and sight seeing a short walk away. Easy access to Interstate 90.
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Seller Financing Possible with $500k down. 10.35% Cap on 2009 Income and 16.84% ROI on Seller Financing. Quick Close Possible. 89 nicely appointed rooms in a variety of configurations offering wifi, a business center and other business amenities appealing to economy minded travelers. Strong financial history and ongoing capital improvements make this turn-key property an outstanding option for investors. Income up $60k over last year on year-to-date figures! Property well located with excellent I-90 freeway visibility and access. Prime location in the heart of bustling downtown Spokane. Near Convention Center and area attractions! $2,750,000 Contact Crystal Investment Property at (503) 530-1316 to schedule tours or visit www.crystalip.com or email joe@crystalip.com to discuss.
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Seller Financing Possible! 10.12% Cap Rate and Cash Return of almost 19% on actual 2009! Comfortable 66 room hotel with restaurant and bar as well as recreational activities income sources from adjacent golf course, gaming, and lotto. Exceptional opportunity for owner/operator desiring high quality of life. Sunny Eastern Oregon entices thousands of visitors every year and the Desert River Inn offers delicious regional cuisine, convenient meeting space, indoor and outdoor events and weddings venues, as well as easy access to a variety of locally available recreation. All this plus comfortable, well appointed rooms and suites with free wi-fi and a relaxing seasonal pool. $2,300,000 Contact Crystal Investment Property at (503) 530-1316 to schedule tours or visit www.crystalip.com or email joe@crystalip.com to discuss.
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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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63 room, select service hotel located in southwestern Virginia. Great brand, good condition and strong performer. Priced at $4,500,000.
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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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The property was purchased from a bank in 2009. The owner/operator renovated the property (inside and out) and re-flagged the property for opening May 2010. In the first six months of being open under the new flag, the property has rapidly begun to catch up with its competitive set. The brand has signaled that a buyer would have a minimal PIP. The property consists of 60 all suite interior rooms and has an indoor pool. The location of the property is five minutes from downtown Columbus, Ohio, where there are several fortune 500 companies; a proposed casino site is also five miles away. The hotel is situated off of interstate 70 and one exit from Interstate 270 in a retail corridor with lots of shopping and restaurants.
Cameron Segal
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Bank owned, 34 unit, 2 story hotel. The property was built in 2008 and is in immaculate condition. This independent hotel is unencumbered by management agreement or flag affiliation. The hotel is located along Highway 10, next to a banquet & conference center in Big Lake, Minnesota. All reasonable offers will be presented.
Contact information:
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Re-branding opportunity on a high traffic interstate interchange near the University of Alabama. Opportunity for hands-on management and a larger share of the extended stay market. Priced at $3,800,000.
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255-room hotel next to the Mall of America located in Bloomington, Minnesota. The hotel sits on an 11.57 acre site at the center of a vibrant retail, entertainment and commercial district. The Property fronts Interstate 494 and is adjacent to the Mall of America, Mall of America Phase II land, MSP International Airport and light rail transit. The hotel is 10 miles from both Downtown Minneapolis and Downtown St. Paul. The property was built between 1963 and 1976 and is currently a Ramada Inn. The hotel may be reflagged next year. The hotel offers guests two pools, multiple restaurants, a fitness center and 32,000 square feet of banquet and event space.
Listing Agent: Ronn Thomas
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242 Suite extended stay hotel consisting of two, four story, interior corridor buildings. Suites contain full kitchens and flat screen televisions. Property opened in January 2011 and is located within one block of the entrance to Nellis Air Force Base, which employs more than 13,000 military and civilian personnel and 1,300 temporary personnel. Property is offered free and clear of management and financing may be available to qualified purchaser. Price $13,000,000
Contact:
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