Baymont Inn PA- Best Western-Clarion Inn Possible - 250k Owner Finance
Baymont Inn -PA - Best Western- Clarion Possible - 250k Owner Finance
Very Nice Property For Sale In Somerset PA. Lots of Upgrades Done. Owner will finance 250k so You need only 325k to Own this Beautiful Property..No Punchlist From Baymont Inn (Wyndham Group). Best Western is ready to Offer Their Franchise any time for this property. Clarion Inn from choice group is also ready, they have nice incentives. .. This hotel was built as "Best Western" in 1998. Three Story Building With Elevator, Breakfast area, Fitness Room. We are Next To "Ruby Tuesday"/"Star-bucks". Business is Steadily Going Up. Our Exisiting Bank is ready to Transfer Loan for a new Buyer with 25% Down. So closing cost will be only $5000. A "Must See" property. We are ready to do partnership (Owner Financing is possible 250k Max). Asking Price is Firm "2.3M"
Copy - Paste Below Link in your Browser to See Gas Exploration going on in county. If Gas Exploration Will Start in Near Future, Business will go up by a Huge Amount. Washington PA is 70 miles from here, There are 12 new hotels built in that area within last 2 to 3 years because of Natural Gas Exploration. Please Research it,,
Business is 640k,,, ADR is $60,, Best western has adr of $91 in Pennsylvania market, which will increase revenue by almost 50% even if the occupancy does not change,...you will go close to 1m with best western. ..we are ready to make partnership with Best Western conversion.. this hotel was Best Western before from 1998 till 2008 and We did $740k in 2007 and would have been over $800k if they did not cancel our membership in 2008 September for little reason,,
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financial , we will show you only if you visit property, we will not send it by email..
Our existing bank is ready to do loan with 25% down. with only transfer fee of $5000,, so no closing cost...rate should be lower than 6% ...
These are the recent figures of somerset pa hotels
Hampton inn 125 rooms- Approx 2.5m revenue or more.
Holiday Inn Express 77 rooms - Approx 1.6m revenue or more.
Comfort Inn - 105 rooms - Approx 1.6m revenue or more..
Days Inn Across from us,, outside property two buildings, 95 rooms- Approx. 1m revenue or more,,,
So there is definately scope with known name higher franchise Brand,,,