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Hancock County, KY Hotel & Lodging Businesses For Sale

1 Hancock County, KY Hotel & Lodging Businesses For Sale Found.

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$1,100,000 Cash Flow: $117,824
44 Room 2 Story Hotel with Interior Corridor Huge Upside Potential 44 Room / 2 Story Quality Inn w/ Interior Corridor & Huge Potential

Lewisport, KY

Offering Price: $1,100,000 Fee Interest Location: Highway/Interstate Number of Rooms: 44 Property Description: This 44 key, 2 story, Interior Corridor Quality Inn has Big Upside Potential with a Growing Market. Local Manufacturer Undergoing Massive Expansion and will Increase Demand. Nearby Downtown has Huge Development and Revitalization Budget. Located Off Highway Outside Growing City Over 50,000 Population. 2015 Room Revenue is Expected to Reach $400,000 and Could Exceed $450,000 in 2016. A New Owner can Drive Profits with Renovations and Improvements. Property Includes a 3 Bedroom Managers Apartment. Offered in co-operation with Huff Niehaus Associates Inc. a licensed KY broker. Type of Service: Limited-Service Market Segment: Mid-Market Source of Business: Commercial, Leisure, Corporate, Transient Common Area Amenities: Outdoor Pool,Breakfast Area,Business Center Site Size +/-: 1.8 acres; 0 sq.ft. Year Built: 1999 Number of Buildings: 1 Number of Stories: 2 Interior/Exterior Corridor: Interior For 12 mos. ending: 2015, Projected Avg. Occupancy: 35.0% Avg. Daily Rate: $71.55 Room Revenue: $400,000 Total Revenue: $400,000 Net Operating Income: $140,000 Per Unit Price: $24,444 Room Revenue Multiplier: 2.8 NOI Multiplier: 9 Room Revenue per Room: $8,889 Direct Capitalization Rate: 12.7 RevPar: $25 Property Financing: All Cash, Will consider a 1031 Exchange

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