LESS THAN 2 X THE GROSS. Income is over $1,000,000 a year. BANK STATEMENTS & TAX RETURNS ARE AVAILABLE. Friday & Saturday we are 100% occupied and the Hotel is help run, I haven't even been there in over 2 years. Managers live on site. Rooms are rented daily, weekly & monthly. I have remodeled the entire building and all new signage was installed with an increase in price. The hotel is now at 90% occupancy, most of the tenants live there permanetly and pay weekly. This is the 2nd largest city in the entire midwest. Hotel is visable from the main freeway off ramp. Most rooms have a Microwave & refrigerator. We have 8 new coin operated washers & dryers. I am not a realtor, I am a retired private party owner. Please do not visit the property without first making an appointment, the manager is going nuts with buyers that don't have the money and just show up. Also, If your interested, click on the blue box in the above right corner of this ad that says "CONTACT LISTING BROKER and I'll email you a package. IT WOULD TAKE $30,000 NON REFUNDABLE TO TAKE THE HOTEL OFF THE MARKET. You may visit the hotel Sunday & Tuesday 10am to 4pm - Tour reservation 317-353-9781 press 0
48 rooms motel for sale. Located in a busy location. Business has been good and increasing each year. P/L reports available if interested. Price is negotiable. Perfect timing for someone to get into the motel business or expand their portfolio in the area. Just dropped the price, owner eager to sell, have prior engagement in other business.
Size Upon Req.$3,200,000
Hotel for Sale Baymont Inn & Suites The Location This hotel is located off interstate 465 on the southeast side of Indianapolis by the Post Air Airport. Lucas Oil Stadium, Conesco Field and downtown are all within 10 miles. Shopping, museums, golf, the Motor Speedway, gaming and the canal area are all just minutes away. Amenities In addition to the 75 guest rooms, there is a business center, house keeping laundry facilities, guest laundry facilities, kitchen and breakfast area (can be used for a meeting room), fitness room and outside patio. High-speed internet is throughout the property. - 75 interior corridors rooms - Indoor Heated Pool & Hot Tub - Whirlpool Suites available (12) - TripAdvisor Certificate of Excellence Award - Ample Parking - Flat Screen TVs - Built in 2006 - Best of Baymont Award
National Hotel Brand. Seventy-Four Keys including 44 two room suites. Two Story, Exterior Room Entry.
Limited-Service Motel (62 Guest Rooms), Three Stories, Elevator Building, Interior Room Entry, Spacious and Efficent Lobby with Breakfast Bar, Public Restrooms and Commercial Laundry.