For Sale, UNDER CONTRACT!
Property ID :
None
109 KEYS, TWO STORY, INTERIOR, FORMER HOLIDAY INN.
THIS HOTEL HAD $1.8M IN REVENUE IN 2019, BUT NEVER COMPLETELY RECOVERED FROM COVID IMPACT. CURRENTLY ABSENTEE OWNER WITH A GM AND HOTEL MANAGEMENT COMPANY. NEW ON-SITE OWNER CAN QUICKLY CUT EXPENSES.
EASY EXIT FROM MANAGEMENT COMPANY AND CURRENT FRANCHISE! MOTEL 6 AND RED ROOF ARE OPTIONAL BRANDS AVAILABLE.
SBA EIDL LOAN AT 3.75%, $2M, 30 YEARS, ASSUMABLE BY QUALIFIED BUYER.
CLOSE TO WHEELING ISLAND CASINO, HIGHLANDS SPORTS COMPLEX/SHOPPING. EASY ACCESS TO I-70 EAST OF WHEELING, NEAR UTICA SHALE AND MARCELLUS GAS AND OIL REGION.
CONTACT ASSOCIATE BROKER JOHN DOWNES AT 410-746-4609 OR JOHN@MBAHOTELS.COM FOR PRICING GUIDANCE.
TO RECEIVE OFFERING MEMORANDUM WITH FINANCIAL AND OTHER DETAILED INFORMATION, CLICK LINK BELOW AND COMPLETE AND SUBMIT THE FORM. THE OFFERING MEMORANDUM WILL THEN OPEN ON YOUR SCREEN MOMENTARILY.