Columbia, MO Travelodge off I-70 - New Listing
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| No. of Rooms: |
156 |
| Location: |
Missouri |
| Asking Price: |
$1,800,000 |
| Comments: |
Contact Broker for a Confidentiality Agreement in order to receive detailed financial information.
This Travelodge is located off I-70 at Exit 127 in Columbia, the fifth largest town in Missouri with a population of over 108,500. Columbia is home to the main campus of the University of Missouri with an enrollment of over 33,000 students and two other private colleges. All are within three miles of the Travelodge.
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New Listing by an Absentee Out-of-State Owner
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| No. of Rooms: |
121 |
| Location: |
Illinois |
| Asking Price: |
$1,600,000 |
| Comments: |
Listed by Zanger & Associates Inc. Realtors. Contact Broker for a Confidentiality Agreement to obtain detailed financial information on the property. There are 30 non-franchise apartments included in the sale of this hotel. The main lobby and registration building has a restaurant, bar and meeting and banquet rooms that are not currently in operation. Upside potential for an aggressive new owner.
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Hotel became an independent on Dec 31, 2011
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| No. of Rooms: |
80 |
| Location: |
Iowa |
| Asking Price: |
$2,300,000 |
| Comments: |
Absentee East Coast seller. Only 2.14x 2011 room revneus for this former Holiday Inn Express that became an independent hotel on Dec 31, 2011. This now allows a buyer to select another brand going forward. It's believed the hotel could become a Holiday Inn Express, Comfort Inn or Best Western subject to each brand's PIP and buyer qualifications. IHG's Holiday Inn Express Re-launch program was completed in May, 2010. The hotel is located in southeast Iowa along the Mississippi River and just 14 miles from Nauvoo, Illinois where there's a Mormon Temple that creates hotel demand in Keokuk. Upside potential for an aggressive hands-on owner. The 2011 room revenues were up 17.7% resulting in a 2.14x room revenue multiplier.
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Holiday Inn Express off I-80 - Absentee Owners
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| No. of Rooms: |
78 |
| Location: |
Iowa |
| Asking Price: |
$3,600,000 |
| Comments: |
The hotel is located in Newton's downtown area approximately one mile from I-80 and Exit 164. The Iowa Speedway is just three miles away. Newton has a population of over 15,000. Des Moines, the state capital is just 30 miles to the west by I-80. The out-of-state absentee owners acquired the property in mid 2006.
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Bank Owned Closed Hotel with Potential Financing
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| No. of Rooms: |
60 |
| Location: |
Kansas |
| Asking Price: |
$959,000 |
| Comments: |
The lender took limited possession of this hotel in the summer of 2011 when it was then closed. It's just now come on the market for sale. The property is one half mile east of I-135 in a good commercial area. There are no room statistics or financial history available. The seller is willing to consider financing for a qualified buyer. Photos are from when the hotel was open and operating as a Rodeway Inn. Upside potential for an aggressive hands-on owner.
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Strong Room Revenues
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| No. of Rooms: |
45 |
| Location: |
Iowa |
| Asking Price: |
$2,200,000 |
| Comments: |
This abstentee owned award winning ABVI is a new listing along with a 33 room Nebraska ABVI that have just come on the market for sale. The hotel was closed during the second half of 2011 as a result of Missouri River flooding in the surrounding area. The hotel was protected during the flooding and did not experience any flood or water damage. Recent improvements include approximately half the guest rooms receiving new carpet and many public areas being repainted. Beds were also replaced. The Owners are selling as they wish to retire. Strong history of financial performance.
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Very, very nice with upgrades throughout
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| No. of Rooms: |
35 |
| Location: |
Iowa |
| Asking Price: |
$1,075,000 |
| Comments: |
This exceptionally well cared for property is owned by two absentee out-of-state second generation family members that now wish to sell. The brick exterior property is located nearby the junction of I-35 and US Highway 34 and a mile south of US Highway 69. Recent total property renovations of guest rooms, the lobby, and the breakfast area boast FF&E typically associated with mid to higher end franchises (including plush pillow-top mattresses). Other recent improvments include a new commercial Dexter washing machine (June 2011) and a Maytag dryer (February 2010). The property is adjacent to a Family Table Restaurant.
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Strong Room Revenues
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| No. of Rooms: |
33 |
| Location: |
Nebraska |
| Asking Price: |
$1,500,000 |
| Comments: |
This absentee owned ABVI is a new listing along with a 45 room Iowa ABVI that have both just come on the market for sale. The hotel has an excellent location in a central Nebraska community of 3,100+. The hotel is very well cared for. It has a consistent history of strong performance.
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In a town of 9,000+ just 78 miles from Kansas City
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| No. of Rooms: |
32 |
| Location: |
Missouri |
| Asking Price: |
$795,000 |
| Comments: |
This new listing was last renovated in 2010 and 2009. It has an excellent location in Clinton which is 78 miles from Kansas City and 89 miles from Springfield. This Magnuson brand has low member operating costs. It has a very nice two bedroom apartment behind the front desk. This is a must see hotel for a first time buyer!
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Motel, House & Leased Restaurant 2.20x
More Info
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| No. of Rooms: |
29 |
| Location: |
Kansas |
| Asking Price: |
$425,000 |
| Comments: |
This listing is being offered by a motivated out-of-state seller. It's located in a small northwest Kansas town. The offering consists of a 29 room motel with managers apartment, a two bedroom single family home, a leased 65 seat restaurant, land with two garages and a seasonal outdoor pool. Buying criteria based on year-ending 2011 results are: 2.20x, $14,655 per guest room cost and a Y/E 2010 16.9% cap rate before deducts.
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12912 El Monte Street