National brand Hotel with established clientele with enormous upside potential in superb location. Either outright purchase or come JV with us. Minimum investment $3 Million Minimum Return 10-12% Perfect Hotel investment for an Institutional investor or High Net-worth individual Additional facilities: *Restaurant & Large event space Owner in-house management. Can be re-flagged can be negotiated out. Established hotel property 3.5 star hotel Self Managed with upside opportunity. Managed or Without Management. Excellent 1031 Exchange Properties No Brokers - Principals Only As this is an off-market confidential offering from The Seller rep, in order to not sacrifice the integrity of the confidentiality of this deal, the Property address and basic description listed above are for illustration purposes only. The real address, along with the complete precise information, are in a Offering Memorandum prepared for qualified entities only.
BY OWNER - INCOME IS OVER $1,000,000 a year. BANK STATEMENTS & TAX RETURNS ARE AVAILABLE. Friday & Saturday we are 100% occupied. 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 now averages 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 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 upper right hand corner of this ad that says "CONTACT LISTING BROKER and I'll automatically get your email address & send you a package. You may visit the hotel Sunday or Tuesday 10am to 4pm - Tour reservation 317-353-9781 press 0, Hayden/Owner
The Royal Inn is a 160 room motel complex in Indiana comprised of four freestanding buildings. The buildings are all two story structures of pre-cast concrete, concrete block and frame construction with brick and stucco siding. The four buildings are referred to as North, South, East and West. Currently only two of the buildings, East and West, are being utilized as rentable guest rooms. The main buildings (East) consists of 44 guest rooms, 18 of which are single King rooms and the remaining 26 being double Queen rooms. The building has interior hallway access to the guest rooms and also contains the lobby, office, mechanical and laundry areas, a lounge and two banquet rooms. The West building, which has 52 rooms with exterior access, is used for overflow purposed when racing events and football games are in town. The North and South buildings are currently used for storage purposes. NIne units in the North building have been combined to create a multiple room living space for the owner or on-site manager. The space was created using five upstairs units and four downstairs units and contains a full kitchen.
45,646 SFPrice Upon Req.
Limited-Service, Interior Corridor Hotel, Elevator Building with 106 Guest Rooms. The property has three floors, two Meeting Rooms and a spacious Lobby. The structure is concrete with a Pitched Roof,. The Common Areas are cooled with Central Air while the Guest Rooms have PTAC Units. The Front Entry has a welcoming Porto Cohere and Electronic Lobby Doors.
National Hotel Brand. Seventy-Four Keys including 44 two room suites. Two Story, Exterior Room Entry.