Services - Hotels & Other Lodging

Asking Price	$1,525,000	Inventory
Gross Income	$476,000	Real Estate
Cash Flow	Not Disclosed	Year Established	N/A
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

This franchise motel is located right next to a college town. It sits on two acres of land right off the Interstate. There was a new roof in 1997, new heaters and A/C in 2004, and new curtains and furniture in the last two years. Every room is very nice. 50 rooms you can enter from the inside and 25 from the outside. There is a 26 x 15 heated pool and a game area that is in a 96x60 dome area. There is a meeting room also. There is a 4000 sq. ft. restaurant/lounge that is not being used at this time and could be leased out. There is no living quarters but there is plenty of space to put one. There are 7 employees that are scheduled about 180 hours total a week. Revenue for 2008 was $476,000. The ADR is $63.00. The occupancy rate is 38%. Outstanding location!