SOLD
Quality Inn & Suites
For Sale
$3,550,000
Features
Description
This 121 key property is 2 story Interior Corridor with Indoor Pool and Atrium. It benefits from the demand of 50+ major trucking companies based in the area as well as local manufacturing facilities. Located right along the Interstate the hotel also benefits from leisure travel demand. Key Investment Highlights:
– Strong Room Revenue & Statistics – $1.45 Million in 2021—Exceeding 2019!
– Motivated Seller Offering $100k Towards PIP!
– Absentee Managed. Upside Potential for Local Management to Optimize NOI including Reducing Expenses and Raising Rates
– Good Visibility and Easy Access from Interstate. Property literally borders the Interstate ramp.
– Offered at just 2.45 X 2021 Revenue!
Offered in cooperation with Southeast International Hotel Brokers.
Property on Map
Mortgage Calculator
30 Years Fixed, 3.5% Interest
- Principle and Interest
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