50 Unit Block construction Hotel, With 5 bed room owner penthouse.Currently occupied with monthly & weeklies.very...very...low expense and high profit, completely remodeled in last two years, owner live out of state run by manager, if this hotel run by owner they will payoff in three-four years, very high profit with low expense over 80% room occupied all time, THIS LISTING IS LISTED BY OWNER NOT THE BROCKER,MY CELL PHONE#630-740-6525,
76 Guest Rooms, Three Stories, Elevator Building. PIP Current.
Single story, exterior corridor, built in 1986, outdoor pool, managers apartment, absentee management, all new roofs in 2013, 6.57 acres of land.
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.
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.
Limited Service Economy Motel. 98 Guest Rooms. Two Floors. Commercial Laundry. Retail Building and Commercial Rental Building.
National Hotel Brand. Seventy-Four Keys including 44 two room suites. Two Story, Exterior Room Entry.