Location: Major east-west interestate
Price: $5000000
Rooms: 104
Price Per Key: $48077
Property Type: Limited Service w/continental breakfast
Revenue: $projected to be $1.5M

Description

Converted in 2004 to La Quinta with major renovations, inside and out. 104 rooms including 8 suites

• Great Curb Appeal
• Indoor pool/whirlpool
• Fitness Center
• Whirlpool Suites
• Hair Dryers
• Coffee Makers
• Guest Laundry
• Iron/Boards
• Keyless Entry
• Interior Corridor
• Interstate visibility exit featuring a major north-south commercial corridor, with access to area attractions including three local colleges.

Overview

The La Quinta Inn was completely transformed into an extremely attractive property by a major interior and exterior renovation. Located on a major interstate, the hotel is highly visible and appealing to the transient traveler as well as corporate guest. The room revenue continues to stabilize as a result of the reposition efforts and should continue to do so. In addition, the Owner has secured a trucking contract, which should increase the 2007 revenue to $1.5M. As you will see, this hotel offers all of the attributes of an attractive investment, especially for an owner /operator. That is, the property features interstate visibility, location in a growth area, potential for increasing revenue, recent renovation and a pleasing sense of arrival. The city of location is one of the fastest growing areas in the Midwest based on its proximity to multiple large lakes, tourist venues and the many nearby recreational attractions.

Can be purchased with two other confidential listings, Super 8, Central US and Comfort Suites, Central US. All three properties are with a two hour drive.

Contact

Brent A. Jaynes ~ 913-894-5252
info@leisurerealestate.com

Additonal Information