Cash Flowing Property with Strong and Steady Demand for Long…
Price Reduced and Revenues Ahead of Projections!
This 2 story Sleep Inn was built in 1998 and it has 61 keys with Interior Corridors. It is situated in a great location along Interstate 40 (I-40) and Historic US Route 66. The location has multiple outdoor attractions, and it is great for visitors who are interested in biking and hiking activities. There are year round events, where visitors and residents attend and participate.
Cash Flowing Property! Revenues projected up to $1.45 to $1.5 Million in 2021; exceeding 2019 revenues of $1,354,000. Occupancy 78% YTD and 84% Occupied for month of July. Out Performing the Comp Set in both Occupancy and ADR.
Offered at 11.9% Cap Rate and 2.9 Times 2021 Revenue!
Type of Service: Limited-Service
Market Segment: Economy
Source of Business: Commercial, Leisure, Transient.
Hotel Amenities: Non-smoking Rooms, High Speed Internet, Indoor Pool, Spa Tub, Fitness Facility, Business Center, ATM, Mini Market, Free Parking, Breakfast Area, Guest Laundry, Vending Machines.
Room Amenities: 32-inch Flat Screen TV, Mini-Refrigerator, Microwave, Hairdryer, Coffee/Tea Maker, In-Room Climate Control, Iron and Iron Board.